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VENTUREThe power to change the world

The Venture Business Association is working to improve the labor system and provide various start-up opportunities.
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  • Spreading start-ups and entrepreneurship

  • Cooperation between enterprises and establishment of infrastructure

  • Promotional and marketing support

  • Support for entry into overseas markets

  • Supporting ICT venture companies

    Provide opportunities to attract investment to promising ICT venture companies with potential for global expansion and growth potential in the field of ICT and convergence, and support for financing, resolving difficulties, and growth through support for capacity building education

    Details of benefits

    • Number of operations: 15 times a year
    • Major services to support ICT venture companies
      ICT venture M&A capacity building training (4 sessions)
      ICT Venture M&A Consultation Meeting (2 times)

  • PSWC (Pre-Startup Winning Camp)

    Pre-founders, 6-month accelerating program that solves various trials and errors and problems of early start-ups, and drives business value-up

    Details of benefits

    • Recruitment in January and June every year
    • Provides step-by-step start-up training, mentoring, and networking
    • Free co-working space
    • Investment support through VC linkage and self-investment association for financing

  • Specialized field of preliminary start-up package (Social Venture)

    Support for commercialization funds, education, mentoring, etc. for the commercialization of prospective start-ups seeking social problems and economic value through innovative technology start-up items

    Details of benefits

    • Up to 100 million won per prospective founder will be provided with funds for start-up commercialization
    • Provide voucher management and management advisory services by matching dedicated mentors

  • Venture Startup YOUNG CEO Network

    It aims to build a solid network centered on youth venture start-ups and KOVA individual investment association investors (corporate executives) who are actively participating in the association's start-up program, and to help junior venture start-ups grow through mentoring and IR.

    Details of benefits

    • Networking and mentoring senior and junior entrepreneurs
    • Continuous exchange meeting on management trends, investment information
    • An expert mentorship
    • Promotion of direct investment

  • Joint Recruitment and Training Support Project for Venture Businesses

    A project to jointly promote and support recruitment announcements of venture companies in demand for employment. [Project Period] Joint recruitment 5 times a year and joint training 5 times a year (see website for detailed schedule)

    Details of benefits

    • Job portal site (person, job Korea) Free support for paid advertising products
    • Free support for the production of promotional videos for corporate recruitment (only for separate applications and selected companies)
    • Preferential participation in joint training training for new employees of venture companies (government subsidy program)

  • Youth tomorrow fill deduction

    Employment support project with the Ministry of Employment and Labor and the Ministry of SMEs and Startups aimed at strengthening corporate competitiveness due to the long-term service of excellent personnel

    Details of benefits

    • An entity determines an employer and concludes a full-time employment contract, notifies the association, operates a two-year deduction, and accumulates subsidies in a virtual account
    • Details of support : 12 million won for young people (including 3 million won paid by themselves) Asset formation (received after two years)
    • Linkage of recruitment and support management of excellent talent

  • Deductions for tomorrow's fill for young employees

    A policy deduction project operated to provide young workers in small and medium-sized enterprises with opportunities for long-term employment (5 years) and raising a large amount of money (30 million won) and to strengthen innovation capabilities such as technology and know-how through the inflow of excellent young human resources and human resources development

    Details of benefits

    • Young workers, companies, and the government jointly accumulate deductions and pay a large amount of money to young workers when the deduction expires (5 years)
    • Reserves : Youth (KRW 7.2 million for five years), enterprises (KRW 12 million for five years), and government (KRW 10.8 million for three years)

  • Youth Job Leap Incentive

    Support for up to 12 million won for up to two years when companies subject to priority support of five or more employees hire full-time young people due to difficulties in employment and maintain employment for more than six months

    Details of benefits

    • Business owners of companies subject to priority support with five or more employees who hired young people for employment difficulties as full-time employees in 23 years
    • Maintain employment for at least six months after hiring regular workers, work for at least 30 hours a week and pay at least the minimum wage, subscribe to employment insurance, etc
    • Support up to 50% of the average number of employment insurance insured for the previous year from the end of the month immediately before the application for participation in the project (but up to 30 people)
    • Recruitment of young people after applying for participation in advance (operating institution) and payment of subsidies six months later

  • Industrial-led youth-tailored training programs

    A project to support customized education and training at a joint training center (Venture Enterprise Association X Korea Polytechnic University) reflecting the technology required for industrial sites (full free of charge)

    Details of benefits

    • A total of 16 courses, from cloud solutions to facility control practices
    • Benefits of participating in the incumbent course : Food expenses (5,000 won per day), free use of training equipment
    • Benefits of participating in the job seeker's course : Benefits of incumbent courses + training allowances (KRW 200,000 per month), and support employment advice to companies with employment agreements
    • Guide page : www.venture.or.kr/#/home/bizNotice/h020101D/9217/1/1

  • Large and Medium-Venture Open Innovation (Support for win-win cooperation)

    In order to respond quickly to the rapidly changing industrial environment, programs support joint growth and market expansion by sharing the core competencies (infrastructure, network, etc.) of large and medium-sized companies and the core competencies of ventures and startups (new products and services, etc.)

    Details of benefits

    • Guide page : www.venture.or.kr/#/home/mainBiz/h0101/140/H010609

  • Business to support the establishment of a comprehensive credit information system for partner companies

    The objective and systematic management of suppliers for 100 billion ventures and medium-sized enterprises (large enterprises). Support management activities by providing a comprehensive credit information computer system for soundness evaluation and management

    Details of benefits

    • Subject to support : 100 or more venture companies, medium-sized and large-sized companies
    • When to apply : 24/7 (30 companies first selected)

  • ICT Venture Business Day

    Support the commercialization and marketing of ICT technology through technology and business exchanges between small and medium-sized venture companies and demanding companies/institutions with excellent ICT technology

    Details of benefits

    • By integrating/linked support for exhibitions, counseling sessions, seminars, and awards (the second half of the year), ICT venture companies are motivated to develop and commercialize technology and promote it as a successful model

  • Operation of M&A Support Center

    Matching support and consultation costs of SMEs and venture companies who want M&A

    Details of benefits

    • Support for M&A enterprise valuation costs : Partial support for fees incurred in conducting corporate valuation (enterprise valuation) necessary for the promotion of M&A transactions
    • Support for M&A consultation and consultation expenses : Part of the expenses incurred in discovering the desired M&A company and concluding counseling and contracts are provided differentially according to the evaluation grade of the advisory institution
    • Cost support for M&A corporate information inquiry service : When using a corporate information inquiry service for the purpose of identifying corporate information and checking corporate creditworthiness in M&A advice and brokerage, service expenses are supported

  • IR support for member companies at all times

    Support constant IR with various partner organizations to support scale-up of member companies. (Provide investment attraction opportunities) and investment consultation meetings, etc

    Details of benefits

    • Number of operations: Held 8 times a year
    • Member company's IR program
    • Venture capital road show (2 times)
    • Venture Scale-Up Investment Round (2 times)
    • Custom IR (4 times), Investor Meetup (2 times)

  • Member Company's financial executive (person in charge) community 'Venture Finance Forum'

    Strengthen the capabilities of member companies' financial executives (person-in-charge), provide information on constant venture finance, and support exchange between investors and financial executives

    Details of benefits

    • Operational session: 12th operating (Thursday)
    • The main service of venture Financial Forum
    • Provision of Venture Finance Information (Letters)
    • Periodic Networking (Forums)
    • A consultation meeting on venture finance
    • Capacity Building Training (CFO School)

  • Outstanding Venture Selection Project

    A system that supports excellent performance and growth potential venture companies with excellent performance and growth potential of these companies, and growth potential of these companies

    Details of benefits

    • Provide excellent venture selection certificates
    • Distribution of press releases and introduction of the association's promotional channels
    • Grant 'Excellent Venture Certification Mark' that can be used on the homepage and printout
    • Participation in promotional IR for media companies and recommendation of media interviews
    • Training and support of public relations network for selected companies to strengthen their capabilities

  • KOVA Individual Investment Association

    To support the sustainable growth of innovative early start-ups, executives and senior venture businessmen jointly form an investment association to create a "virtuous venture ecosystem."

    Details of benefits

    • Composition of associations, including executives, senior venture companies, and investment experts
    • Investment in early start-up companies (all fields of technology start-ups such as manufacturing, big data, AI, etc.) within 3 years

  • Cloud Diffusion Business (Venture KIT)

    Through agreements with innovation solutions companies to support smooth digital transformation of member companies Special Benefits on offer

    Details of benefits

    • Support solutions : Flow, QuotaBook, Bizplay, EVENTERS, Usain, Usert, Sweet, Ellis, Miri Canvas, Lawn, etc

  • Review and consulting on applications for product designation in venture countries

    In the businesses with excellent technology and quality, which supports expanding public procurement market to enter public procurement market due to lack of supply performance and quality of delivery performance due to enter public procurement market

    Details of benefits

    • Grant of certificates and certification marks for designation of venture start-up innovation procurement productss
    • Supplying goods to demand institutions nationwide and supporting market expansion using public purchasing power
      Promote to 50,000 public institutions for up to five years
    • Support for public relations, such as participation in EXPO of Nara Marketplace, product promotion, catalog production and distribution, etc
    • SGI Seoul Guarantee's performance guarantee insurance provides 500 million won of unsecured guarantee insurance for two years, etc
    • Preferential treatment for products registered in venture countries when selecting customized government supply materials for the Public Procurement Service's facility construction

  • Innovative scouts

    Technology innovative companies and promising products, but the venture company Association directly discovering innovative companies and promising products that are outside the procurement market

    Details of benefits

    • Mall product registration exclusively for innovative products in innovative markets
    • Pilot purchase is carried out through the Public Procurement Service only once after designation (average amount of 300 million won)
    • Private contracts for public institutions are possible regardless of price for three years

  • Global Cooperation Network Operations

    Support for strengthening overseas marketing capabilities and globalization of venture and start-up companies that are experiencing difficulties in overseas expansion

    Details of benefits

    • Arrangement for overseas market development : Support for market development for innovative organizations and enterprises in overseas base areas through INKE, and promote cooperation projects with domestic global support organizations and related organizations
    • Support for global investment attraction : Always discover and hold regular IR meetings to find outstanding domestic venture companies (product) pool with capabilities and hope to enter the global market
    • Support for global advancement : Investment (attracting), market development, market research, establishment of a local corporation, marketing, M&A, PM, etc. to support and accelerate globalization of domestic venture companies

  • A project to support global start-up IR activation in Gangnam-gu

    Global investment attraction and overseas expansion support for companies located in Gangnam-gu

    Details of benefits

    • Corporate diagnosis, investment attraction consulting and mentoring by company
    • Production of IR materials (Korean and English)
    • Domestic/foreign investment attraction briefing session
    • Global Open Innovation (North America)
    • Testbed PoC Support Program (Europe/US)

  • Support for participation in overseas exhibitions

    Details of benefits

    • Support and dispatch of participants to the exhibition in Spain : Participating in the exhibition in Spain with selected companies participating in the exhibition as a national hall, meeting with local smart city-related companies in advance, and supporting local companies entering the exhibition
    • Operation of joint promotion booths : Operation of joint promotion booths in the exhibition hall, support local public relations of participating companies by utilizing the exhibition organizer and local network

  • INKE (Global Korean Venture Network) Regular brokerage business

    Details of benefits

    • Regular brokerage business: Always match after regular INKE introduction and search for business that meets business demand through domestic company discovery
      Registration is available at all times through the inke.org website

  • Global Venture IR Program for Member Companies

    Details of benefits

    • Holding regular global IR of the Venture Business Association: Holding IR for venture business associations and domestic and foreign private accelerators and investors for companies wishing to enter the global market
      Training to attract investment and strengthen global advancement capabilities through cooperation with domestic and foreign accelerators and investors, and holding IR for global advancement (hopeful) companies 12 times a year