Start me up! - Accelerating partnerships between Australian and Korean start-ups
The Australian Embassy in Seoul hosted an event called "Start me up! Understanding the Australian Start-up Ecosystem" in April this year at Seoul's most successful start-up accelerator, D.CAMP. The event – the first of its kind hosted by Australia in Korea – offered a glimpse into Australia's start-up culture and the Sydney Startup Hub.
The event was attended by more than 100 guests from major corporates such as POSCO, LG and Samsung, as well as, of course, the local start-up community. During the panel discussion, there was strong interest from Korean companies in partnering with the most promising Australian start-ups, and to explore how their solutions could be applied to the broad range of business and economic challenges in Korea.
Keynote speakers gave first-hand accounts of the Australian tech scene. Peter Park, Co-founder of Assurety, a Brisbane-based investment and transaction advisory firm, and Jean LK, Director & Co-founder of EDWY, a Sydney-based Edtech, described the diverse opportunities presented by the Australian market.
Yoojin Kim, Director NSW Trade & Investment in Korea, gave an overview of Australia's largest start-up hub in Sydney and spoke in general about the benefits of co-locating within an Australian incubator or accelerator.
As a follow up to this event, Austrade Seoul will host a webinar to discuss opportunities in Korea for the Australia-based start-ups and promote collaboration between Australian and Korean accelerators and incubators. The Korean start-up ecosystem has an extensive and established network of private and public incubators, accelerators and angel investors across a number of sectors, including e-commerce, ICT, the internet of things, block chain, virtual reality and digital health.