[Press Release] SOSV partners with KISED to help Korean AI Startups go global

SOSV partners with the Korea Institute of Start-up and Entrepreneurship Development to help Korean AI Startups go global

Seoul, 3 November 2020: Leading global early-stage venture capital and investment management firm, SOSV, has partnered with the Korea Institute of Start-up and Entrepreneurship Development (KISED), an affiliated institution of the South Korean government, for the Global Startup Academy (GSA) program. SOSV, through its Asia-based accelerators – Chinaccelerator and MOX (Mobile Only Accelerator) – will bring its cross-border expertise to the Global Startup Academy (GSA) program, alongside three other international accelerators 500 Startups, Plug&Play and Startup Bootcamp.

SOSV has stepped up its investments in Asia in recent years, becoming the 3rd most active investor in India and the 6th most active investor in Southeast Asia. SOSV is also the #1 early-stage investor worldwide for Q2 and Q3 of 2020, according to CBInsights. The focus on AI-based startups in the GSA also aligns well with SOSV’s area of expertise where they have invested in 50+ AI startups around the world. William Bao Bean, General Partner at SOSV and Managing Director of Chinaccelerator and MOX (Mobile Only Accelerator), believes that the Korea startup ecosystem remains largely untapped and has the potential to become the startup hub of the region, boasting a market for future tech companies to emerge and develop. 

“The Korean government’s effort in initiating a project of such magnitude shows their seriousness and motivation to bring Korean startups to the global stage and we are happy to be a part of this initiative. The AI startups in the program have huge potential in terms of bringing more innovative solutions across different markets globally”, he added.

The Global Startup Academy (GSA) is helping 60 Korean startups increase their footprint in Southeast Asia, the United States, China, and Europe. Each of the four global accelerators is working with 15 startups. The program is geared towards bringing more Korean AI-startups to the global arena. 

SOSV will help the 15 startups with funding using their extensive network of global investors and applying the startup methodology that has helped over 1000+ of its portfolio companies around the world. While the companies are still at a very nascent stage, SOSV picked those companies that it believes demonstrate traits necessary to make them successful and to expand globally. Vandalsoft, T-Order, and GDF Lab are among the pack, building smart AI solutions for agrotech, hospitality, and video rendering tech respectively.

The program officially kicked off in September and will run until the end of February 2021, finishing off with a Demo Day.


Share on facebook
Share on twitter
Share on linkedin
Share on email


Top 5 NFT Scam

Top 5 NFT Scam

From art pieces like EVERYDAYS: THE FIRST 5000 DAYS by Mike Winkelmann to cryptopunks and memes like Side-eyeing Chloe, the popularity of Non-Fungible Tokens (NFT) has been on the uptick. They have also been blowing up in value in 2021. NFT sale volumes have surged eightfold, reaching US$10.7 billion in the third quarter of 2021.

What Brands Must Know About China’s Evolving Millennial Buyers

What Brands Must Know About China’s Evolving Millennial Buyers

Earlier this year, climate activist Greta Thunberg called out fast fashion consumers during an interview with a fashion magazine. She said, “If you are buying fast fashion, then you are contributing to that industry and encouraging them to expand and encouraging them to continue their harmful process.”

What Is Femtech and Are Femtech Companies on the Rise

What Is Femtech and Are Femtech Companies on the Rise?

Women’s needs have been largely neglected for years. They get fewer job opportunities, excessive household work, subpar pay and little healthcare attention. Well, no more. The rise of FemTech startups (largely women-run) is changing the healthcare landscape for women. As per a report by CBInsights, FemTech will be worth US$50 billion by 2025. So, what is FemTech, and how can you get started?


The Power of Introverts at the Workplace

Psychologist Carl Jung describes introverts as people whose interests are directed inwards and towards their own thoughts or feelings. They typically struggle to adjust to social settings and are perceived as being reserved. Thus, at a workplace, the introvert might come across as a quiet or unsociable person and end up unnoticed, no matter how big their contributions might be.