Go to Main Content

Press Releases

  • Seoul hosts 3-day global start festival “Start-Up Seoul: Tech-Rise 2019”: global startups and investors from 20 countries gather in Seoul

  • SMG 181
    • The global startup festival dubbed “Start-Up Seoul: Tech-Rise 2019” to take place from September 4 to 6 at Dongdaemun Design Plaza(DDP)
    • 300 startup ecosystem experts and 200 startups from 20 countries including the U.S., China and India, to participate in the festival
    • The festival to feature an innovative technology pitching competition and a test bed fair and provide an opportunity to explore overseas markets and global investors
    • Domestic and foreign conglomerates including Lotte, Samsung, CJ and Mercedes-Benz Korea to provide expansively collaboration opportunities with startups, creating a healthy startup ecosystem
    • Seoul to announce its vision “Global Open Platform Startup City” and declare to take a leap forward to becoming a city where startups’ dreams come true

    SEOUL, SOUTH KOREA, August 30, 2019 – More than 3,000 startups and investors from 20 countries including 500 Startups (USA), Sazze Partners (USA), Creative Valley (France), Tech Nation (UK), iMakerbase (大公坊) (China), and ACE (Singapore) will gather in Seoul.

    Hosted by the Seoul Metropolitan Government (SMG) and organized by Seoul Startup Hub, the global startup festival dubbed “Start-Up Seoul: Tech-Rise 2019” will take place for three days from September 4 to 6 at Dongdaemun Design Plaza (DDP), Seoul Startup Hub and Seoul Bio Hub.

    This year’s festival will be held in three directions: Global, Contest, and Share. During the festival, the world’s startup experts will discover opportunities to explore markets, attract investment, makes technology partnerships and other ways for startups, while sharing the vision and how to develop the startup ecosystem.

    In a bid to make Seoul one of the global Top 5 startup cities, the “Start-Up Seoul: Tech-Rise 2019” will:
    ① offer a place for global leading startup experts to gather and share the trends and know-hows of the startup ecosystem;
    ② provide a chance for startups to attract investments and advance into the global market through various competitive startup incubation programs; and
    ③ share Seoul’s vision of “Global Open Platform Startup City” with domestic and international startup organizations.

    To take a great advantage of the event as an opportunity to promote Seoul’s startup ecosystem and business environment to the world, Seoul will invite global startups, investors and other key players and build partnerships to help Seoul become a city of startups and also foster local competitive startups on the global stage.

    On September 4, the first day of the festival, global guests will visit major startup support facilities in Seoul to get a sense of the city’s startup policy and ecosystem. They will witness an idea contest for young people and watch an investment pitching presentation.

    The full-fledged event will kick off at Art Hall 1, DDP at 10:30 a.m. on September 5 with the theme of “Trends of Startup Ecosystem Development and Leading Startups.”

    J.F. Gautier, the founder of Startup Genome, a global startup ecosystem research firm, and Chris Yeo, the founder of Grab Ventures, an investment firm founded by Grab, dubbed “Uber in Asia,” will deliver keynote speeches about “global trends of startup ecosystem” and “leading startup companies,” respectively.

    The two-day Test Bed Fair, which will run from September 5 to 6, supports companies that successfully developed innovative products, but have difficulties in finding clients.

    On September 6, with iMakerbase, a Chinese accelerator specialized in hardware, the Manufacturing Startup’s Final Competition will be held on September 6. The winning team will be given a chance to enter the Chinese market so that they will be able to manufacture and sell products in China.

    “Start-Up Seoul 2019” is not a public-led event, but an event jointly planned and operated by 12 domestic and foreign private institutions and big companies, including SparkLabs, WeWork Labs, iMakerbase, the Creative Economy Innovation Center, Samsung, and Mercedes-Benz Korea, to promote a consensus of entrepreneurship and the importance of a flexible startup ecosystem.

    At the opening ceremony that will start at 2 p.m. on September 5, Seoul’s vision of “Global Open Platform Startup City” will be announced with local and foreign startup ecosystem players. Through this, Seoul declares to take a leap forward to becoming a city where startups’ dreams come true; a city where global talents get together; a city where always welcomes innovative products and technologies; and a platform city that shares resources and information and cooperate.