On the 29th, the Ministry of SMEs and Startups announced that it held a 'Regulatory Free Zone Investment Attraction Demo Day' at The White Veil in Seocho-gu, Seoul.
The Ministry explained that this event was organized so that the regulatory free zone does not stop at improving regulations through demonstration, but can commercialize new technologies to drive regional growth. In particular, it provides opportunities for private investment targeting zone operators.
Nine zone operators participated in this event from four regulatory free zones and two global innovation zones. They conducted IR pitching aimed at venture capitalists.
The evaluation panel, composed of investors, selected 'HBOT Medical' from the Gangwon AI Healthcare Global Innovation Zone, 'Surim Tech' from the Gangwon Liquefied Hydrogen Industry Regulatory Free Zone, and 'Thyssen Biopharm' from the Gyeongbuk Cell Cultivation Food Regulatory Free Zone as outstanding corporations.
A Ministry official said, 'After reviewing the support requirements of the three corporations, we plan to support commercialization funds linked to the growth-sharing funds of the Korea Small Business Agency to enhance the possibility of attracting investments from the private sector in the future.'
Lim Jeong-wook, director of the Startup and Venture Innovation Office at the Ministry, noted, 'The operators of the regulatory free zones and global innovation zones are corporations with high growth potential that create new business areas through regulatory improvement,' adding, 'We will expand support for the growth of zone operators by linking investment attraction events that provide meetings with investors not just with support for commercialization funds.'