Korean and Indian startup founders and investors explored business collaboration in the United States to enter global markets.
The Korea Startup Promotion Agency and the Consulate General of the Republic of Korea in San Francisco announced on October 22 that they co-hosted the 'Korea-India Startup Founders Day' with the Consulate General of India in San Francisco in Palo Alto, Silicon Valley.
This event aimed to connect the startup and investment ecosystems of Korea and India, allowing entrepreneurs from both countries to share technology and experiences while identifying practical business collaboration opportunities.
Co-hosted by the Korean and Indian consulates, the event was supported by the Korea Startup Promotion Agency and the local Indian startup platform Venture Dock. Approximately 150 attendees included startup founders, venture investors, and stakeholders from the technology and startup ecosystems in Silicon Valley, as well as representatives from both governments and public institutions.
Korea and India have developed dynamic startup ecosystems in Silicon Valley, excelling in sectors such as manufacturing, technology, and AI. Recently, cooperation between startups and small and medium-sized enterprises in both countries has strengthened.
Notably, during President Lee Jae-myung's state visit to India in April, the two governments signed a memorandum of understanding (MOU) on cooperation in the small and medium-sized enterprise sector and agreed to establish a framework to promote collaboration between SMEs. At that time, President Lee met with Indian Prime Minister Narendra Modi to expedite negotiations on improving the Comprehensive Economic Partnership Agreement (CEPA).
The event featured a panel discussion on the theme 'Korea & India: Two Startup Ecosystems, One Global Opportunity.'
Following the discussion, startups from both countries showcased their innovative technologies and business models. Attendees engaged in networking to discuss various collaboration possibilities, including investment attraction, technology cooperation, overseas market entry, and joint research and development (R&D).
Im Jeong-taek, the Consul General in San Francisco, stated, 'Given the active presence of Indian startups and investors in Silicon Valley, we expect this event will help expand connections between Korean startups and the Indian entrepreneurial and investment ecosystem, facilitating the entry of both countries' startups into the U.S. and global markets.'
* This article has been translated by AI.
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