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With venture investors committing to funding Black and minority founders, alongside the growing availability of government-backed proposals, such as New Jersey allocating $10 million to a seed fund for Black and Latinx startups , can we expect to see fundamental change? But what about the demographics of the VC firms?
In the fourth industrial revolution era, having succeeded as an economic powerhouse with a technological edge in manufacturing and industries led by large corporations, South Korea is now fostering disruptive innovation through startups. The country strives to create a balance between industrial conglomerates and the startupecosystem.
Being active in the startupecosystem is very important and gives you a chance to connect with like-minded people and brainstorm ideas together. The lead investor is usually in charge of preparing term sheets and legal documents and conducting the due diligence as well. Do you value their mentorship and advice?
. “The KSGC provides you with the connections that will help you build your company and develop a strong network in Korea,” said Chea Srun, CEO of XQuant, a startup from Hong Kong. In 2022, KSGC will welcome more innovative startups and entrepreneurs to bring their unique businesses to Korea.
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