“Our company, Brandsmore, has been selected for the 16th batch of the Korea Credit Guarantee Fund’s Start-up NEST program.

Start-up NEST is a startup incubation platform by the Korea Credit Guarantee Fund (KODIT), built on their extensive experience in supporting early-stage companies. The program is conducted in collaboration with private accelerators and offers a phased approach of ‘accelerating → financial support → growth support.’

To date, a total of 8,315 startups have applied through the 15 previous batches, with 1,300 companies selected, reflecting a high average competition rate of 6.4:1. KODIT offers selected companies consulting, mentoring, and networking opportunities in collaboration with accelerators to help early-stage startups grow. In addition, they provide financial support, including credit guarantees and guarantee-linked investments, as well as non-financial services such as support for international expansion and office space.

Furthermore, the selected companies have the opportunity to participate in the U-CONNECT demo day, a private investment platform. KODIT also plans to offer customized services according to the growth stages and specific needs of each company, in cooperation with public institutions, large enterprises, and venture capitalists (VCs).”

Source: THE SCALEUP (https://www.thescaleup.co.kr)