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TRANSCRIPT
Korea Startup Ecosystem and
Collaboration Opportunities with MDBs
Feb. 19th 2020
Jongkap Kim
Chief Executive Director
Contents
1) Why Korea?
2) Korean Startup Ecosystem
3) Introduction of Born2Global Centre
4) Collaboration Opportunities with MDBs
Korea’s Growth Miracle
1950 2019
Source: Economic Statistics System, The Bank of Korea, K-stat, Korea International Trade Association, 2018
60 Years
USD 1,893.49 bn
USD 605.5 bn
1
Why Korea ?
#1 Korean Tech & Inventions (Korean Tech Inventions of all time – Seoulspace, World Trade Statistical Review 2019 - WTO)
Smartphone Computer Memory 5G Network Service MP3 Player
Top Korean Tech Companies (World’s Largest Public Companies 2019 - Forbes)
Samsung Electronics SK Hynix Hyundai Motor LG Electronics POSCO
Rollable TV
2
ICT Powerhouse
WIPO : World Intellectual Property Organization
Rank #2 “ICT Infrastructure, 2018 Global Innovation Index”
ITU : International Telecommunication Union
Rank #2 “2017 IDI, ICT Development Index”
BloombergRank #1 “Innovation Index 2015~2019”
WEF : World Economic Forum
Rank #1 “ICT Adoption, 2018 Global Competitiveness Index”
3
Number of Venture Companies
4
Approximately
37,160Venture Companies
Source: Venture Companies in Korea by Year Feb. 9. 2020, ‘Venture In’ Website
2,042
4,934
8,798
11,392
8,7787,702 7,967
9,732
12,218
14,015
15,401
18,893
24,645
26,148
28,19329,135
29,910
31,260
33,360
35,282
36,820 37,043 37,160
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Nu
mb
er
of V
entu
re C
om
pa
nie
s
Years
Number of Ventures by Year
Number of Venture Companies
The phenomenon started in 1998
From 2004 until now , the number of
Venture Companies have increased
and passed 37,000
Korea Startup Ecosystem
198 Government Agencies
146 Venture Capital
273Univ. and R&D Institutions
10 / DayNetwork & Events
175Accelerator
114. Media & Crowd funding
11+
5
Commercial-ization
50%R&D35%
Facilities & Space9%
Education4%
Mentorship2%
Networking0.4%
29.8% Increased
Startup Ecosystem - Government
US$ 1.32B
90 Projects from
16 Ministries
US$ 1.02B(2019)
Source: K-Startup (2020)
Ministry Number of project
Ministry of SMEs and Startups 41
Ministry of Science and ICT 10
Ministry of Agriculture, Food and Rural Affairs 9
Ministry of Culture, Sports and Tourism 8
Korean Intellectual Property Office 4
Ministry of Education 3
Ministry of Land, Infrastructure and Transport 3
Ministry of Health and Welfare 2
Ministry of Environment 2
Ministry of Oceans and Fisheries 2
Ministry of Economy and Finance 1
Ministry of Justice 1
Ministry of the Interior and Safety 1
Ministry of Employment and Labor 1
Rural Development Administration 1
Korea Meteorological Administration 1
Total 90 6
Startup Ecosystem-VC
7
mil USD # of companies
1,495
2,380 2,382
3,345
4,190 4,261
54
82
108
120
164
146
0
20
40
60
80
100
120
140
160
180
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
2013 2014 2015 2016 2017 2018
Year
Amount of Funds Number of Firms
146 Venture Capital Firms
Raised $4,261M
The venture capital market can be
largely divided into funding,
investment, and recovery markets.
Fund raised increased from $1,495
million in 2013 to $4,261 million in
2018, and the number of new union
formations reached 146.
Source : VC Discover, KVCA
B2G Global Membership Service
8
B2G Metrics
2013.09. ~ 2019.12.
742Cases
445Cases
2,366Startups
584.2USD Million
11,609Cases
81Cases
9
B2G Goes Global
10
B2G Global Partner Network
11
Collaboration Opportunities with MDBs
Shared Prosperity via
Digital Innovation & Cross-Regional Reciprocity
Collaborations So Far
12
Startup Ecosystem
Investment
Capacity Building + Business & Partnership Development
Government
Agencies MDBs
Knowledge Exchanged
w/ 15 Countries(LAC, SEA, CIS)
Startup Ecosystem
Studies & Mapping
w/ 3 Countries(COL, ARG, URU)
Setting up Fund for
KOR-LAC Startups
w/ IDB Lab
Partnerships Built 2+
200+ Meetings for
Business Development
and Partnerships
Partners along the Journey
13
2+ MDBs 53+ VCs
Startups
13+ Government Agencies
61+
10Financial Institutions
Collaboration Opportunities Ahead
14
‘Cross-regional Reciprocity’ as a Theme for
Developing Project Collaboration#Startup Ecosystem #Human Capital #Startup Financing #Private Sector Development
Increased & Enhanced Multilateral Collaboration Partnerships
Government
Agencies MDBs Enhanced
Ecosystem
&
Support
Framework
Sufficient
Financial
Resources
Improved
Capacity
(R&D, Business)
Built
Partnerships
&
Developed
Business
Reciprocated Knowledge & Technology
Global
Startups
