Busan Techno Park Notification No. 2024-387

Global Exchange and Investment Attraction Support Program
Call for Applications: 2024 Inbound Program for International VCs and Startups

Busan Techno Park is pleased to announce the recruitment of international venture capital firms and startups for our 2024 inbound program. This initiative aims to build a strong foundation for foreign companies to enter the Korean market, specifically in Busan. We invite interested parties to apply and participate in this exciting opportunity.

August 16, 2024

Director of Busan Techno Park

Project Name

2024 Global Exchange and Investment Attraction Support

- Program name : FLY Inbound Program

Objectives

- To identify and support foreign startups seeking to enter the Busan market, fostering job creation and foreign investment.
- To attract international venture capital firms to establish local offices, thereby boosting venture investment in the region.
- To support startups with innovative ideas and less than 10 years of operation, helping them establish a presence in Korea and contribute to the globalization of the domestic startup ecosystem.

Key Details

- (Eligibility) Foreign startups or investors interested in establishing a branch or relocating their headquarters to Busan.
*Startups must have been established for less than 10 years.
- (Scale of Recruitment) 2 companies will be recruited
- (Support)
- Up to 20 million KRW, including 10 million KRW per company, provided in the form of vouchers.
- Customized support including office space, legal, accounting, and visa consulting and acquisition support; business support through networking opportunities with domestic institutions and companies; communication assistance

Submission Method : Apply via the Busan Startup Portal (busanstartup.kr) (open recruitment)

Application Period : August. 16, 2024 ~ December. 31, 2024

Contact : Beom Jun Kim, Busan Techno Park (TEL : +82-51-921-6005)