Gyeonggido Business & Science Accelerator (hereinafter referred to as GBSA, Chairman Kang Seong-cheon) held “Pangyo x Japan: Bridging Innovations,” an online event with global venture capital for Pangyo startups, on October 26. The event was held at the Pangyo Creative Economy Innovation Center on Thursday.
This event is one of GBSA‘s business support programs to help startup companies enter the global market. This was the third networking event after the one with VCs in Silicon Valley in September and with VCs in Singapore in October. Officials from GBSA’s Industrial Cluster Team, beSUCCESS CEO Hyunwook Jung, Ryuichi Nishida of B Dash Ventures, Masaru Ikeda of The Bridge and Dong Lee of Creww Company, and Akiko Katagiri of HYBRID SQUAD participated in this event as organizers and mentors. Jung Yoon-ji, CEO of EKLEER, which develops wearable IoT displays connected to smartphones and laptops, Kang Seok-myeong, CEO of Pixelro, which develops an integrated AI eye health self-diagnosis solution, Yoon Sangseok, CEO of HyperEZ, which operates PIE3D, a 3D asset trading platform, and Pinch, a 3D design software, participated as startup companies for this event.
Each company introduced its business model during the IR session, had a Q&A session with the Japanese VCs, and later had a mentoring session to share advice on entering the Japanese market.
After the mentoring session, a discussion session moderated by Hyunwook Jung, CEO of beSUCCESS, a startup media company, was held on “Helpful Advice for Pangyo Techno Valley Startups Entering Japan and Collaboration Ideas.”
Masaru Ikeda, CEO of The Bridge, a leading Japanese startup media and investment company, said, “If the goal is to enter Japan, Korean startup companies should attend events led by the Japanese government and cooperate with local companies. Building partnerships with local companies will be helpful.”
Dong Lee of Creww, Japan’s largest accelerator company, emphasized the effectiveness of participating in collaborative projects with local Japanese governments trying to build smart cities. Lee said, “I think it would be good to create opportunities for Korean startups to participate in smart city construction projects in regions such as Tohoku and Hokkaido.”
Strategies for entering Japan through Japanese venture capital companies were also suggested. Ryuichi Nishida of B Dash Ventures, a VC company that provides seed and follow-on investments to innovative technology startups, recommended attending networking events held by VC companies to communicate with them in person. Nishida said, “I hope Korean companies can also attend ‘B Dash Camp,’ a conference event for tech startups held by B Dash Ventures, and build a network in Japan.
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