The Korea Trade-Investment Promotion Agency (KOTRA) announced on June 16 that it has successfully completed its global outreach program aimed at helping deep tech innovative companies attract overseas investment.
In May, KOTRA conducted three preparatory training sessions for ten deep tech companies from the Daejeon area. These sessions covered practical topics, including preparing for technology validation (Proof of Concept), investment presentation techniques, and strategies for protecting intellectual property.
Following the training, the participating companies began their activities in Toronto, Canada, on June 16, engaging in investment presentations and one-on-one business consultations with over 60 local investors, startup incubators, and potential buyers over two days.
KOTRA's Toronto office and the city of Daejeon collaborated to showcase the advantages of South Korea's advanced industrial landscape and investment environment. A representative from YSpace, a Canadian startup support organization, also provided tailored consultations on market entry strategies and localization.
The ten participating companies are promising technology firms specializing in artificial intelligence (AI)-based renewable energy solutions, digital healthcare, nuclear and radioactive waste management, biotechnology, and robotics and smart technologies.
To enhance the program's effectiveness, KOTRA partnered with various organizations, including the Consulate General of the Republic of Korea in Toronto, the Daejeon Creative Economy Innovation Center, Daejeon Technopark, Daejeon Job Economy Promotion Agency, and KAIST Holdings.
Deep tech refers to technology sectors that require long-term research and development (R&D) and investment, based on advanced science and engineering. Although initial costs are high and commercialization can take a long time, once established in the market, these technologies can create significant barriers to entry, making them a focus for future growth in the global market.
KOTRA Vice President and Head of the AI Trade and Investment Division, Ahn Young-joo, stated, "Thorough preparation is crucial for our deep tech companies to gain proper recognition for their technological capabilities in the North American market. Through KOTRA Academy's practical, tailored training, we will strengthen their global outreach capabilities."
* This article has been translated by AI.
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