/Courtesy of Asan Nanum Foundation

The Asan Nanum Foundation announced on the 14th that it has been selected as a member of the global venture investment network 'NVIDIA Inception Venture Capital (VC) Alliance' hosted by NVIDIA.

The NVIDIA Inception VC Alliance is a global VC consortium established to support the growth and fundraising of NVIDIA's Inception program, which nurtures over 9,000 AI startups worldwide. The Asan Nanum Foundation has joined this alliance, which includes more than 200 venture capitals, private equity funds, sovereign wealth funds, and family offices, marking the first participation of a domestic public interest foundation.

The Asan Nanum Foundation aims to strengthen connections between domestic AI startups and global investment partners based on this global partnership and actively support startups' overseas expansion. First, the foundation will provide opportunities for startups residing in or being nurtured by its entrepreneurship platform and incubator, 'Maru,' to be recommended or connected to the 'NVIDIA Inception' program. Startups participating in this program will enjoy various benefits, including global networking, market entry strategies, NVIDIA infrastructure discounts and credits, and AI technology training.

Additionally, the Asan Nanum Foundation plans to leverage the NVIDIA program and network to support the global expansion and growth of startup teams in AI, deep tech, and manufacturing sectors. In particular, it is expected to enhance the foundation's global linkage capabilities and startup support strategies through market insights, information on promising investment startups, networking opportunities with corporate venture capitals (CVCs), and major global business divisions provided by NVIDIA.

Chun Sung-woo, head of the startup team at the Asan Nanum Foundation, said, 'Through the NVIDIA Inception VC Alliance, the Asan Nanum Foundation aims to provide opportunities for domestic startups to utilize the networks of global technology companies, going beyond merely connecting to global investments, and we will actively support various startup teams nurtured by the foundation to achieve greater challenges and growth on the global stage through this partnership.'

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