Daejeon Metropolitan City announced that it will provide comprehensive support to selected companies, including growth acceleration funds, exclusive business lounges, global expansion programs, and investment attraction initiatives, with the aim of fostering their growth into unicorn companies and expanding into global markets.

The newly selected companies were highly evaluated for their technological capabilities, growth potential, and market scalability. They span across diverse industries such as machinery & robotics, advanced materials, biotechnology, renewable energy, electronics, and information & communications.

By sector, the selected companies include:

• Machinery & Robotics: SLM

• Advanced Materials: Inertia, JJNS

• Biotechnology: Ilias Biologics

• Renewable Energy: Ecoin Energy, H&Power

• Electronics: Picopack, Fine SNS

• Information & Communications: Redwit, Mobawheel

Daejeon City will provide each company with approximately KRW 70 million in growth acceleration funds, along with tailored programs that can directly drive business development—such as prototype production, product upgrading, technology transfer, intellectual property acquisition, consulting, and marketing support.

In addition, selected companies will be granted a “Unicorn Membership”, which comes with priority access to the city’s dedicated business space, the D-Unicorn Lounge. They will also gain opportunities to participate in global expansion and investment programs, as well as domestic and international exhibitions and investor relations (IR) events.

The “D-Unicorn Project” is Daejeon City’s flagship initiative for nurturing startups and venture companies. It targets unlisted SMEs and ventures headquartered in Daejeon that have been established for at least three years and have attracted cumulative investments of more than KRW 500 million in the past five years. This year, 41 companies applied, and 10 were ultimately selected.

Link : https://www.kpinews.kr/newsView/1065568873462378