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Korea Aerospace Safety Technology Institute Successfully Concludes the 4th Drone Enterprise Investment Briefing Session, Receiving Investment Intent Letters Worth 12.6 Billion Won
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Summarized by durumis AI
- The Korea Aerospace Safety Technology Institute held an investment briefing session to secure initial funding for drone startups and create a sustainable drone startup ecosystem, and investment intent letters were received for 10 drone companies.
- This investment briefing session received investment intent letters for all 10 drone companies, and the Korea Aerospace Safety Technology Institute plans to support investor meetings and investment confirmation procedures by the end of the year.
- The Korea Aerospace Safety Technology Institute aims to support the stable funding of domestic drone startup companies and aims to create unicorn companies in the drone sector.
Leading the future of South Korea's drone industry by discovering national representative drone companies
Supporting the initial capital acquisition and sustainable startup ecosystem formation of drone startups
100% investment intent letters received from 10 drone companies
This investment briefing session was held under the slogan "Discovering Drone National Representatives to Lead South Korea", and was attended by 15* investors including Lee Dae-seong, director of the Korea Aerospace Safety Technology Institute, officials from the Ministry of Land, Infrastructure and Transport, and operators of the Land, Infrastructure and Transport Innovation Fund.
- Land, Infrastructure and Transport Innovation Fund Operators: Pathfinder H, Earnest Ventures, T Investment, Gyeongnam Venture Investment
- General Investors: Mirae Asset Capital, Daekyo Investment, Synergy IB Investment, NBH Capital, Semainvestment, Smilegate Investment, WWG Asset Management, Jin & Investment Partners, Pohang University of Science and Technology Technology Holdings, Korea Credit Guarantee Fund, Incheon Creative Economy Innovation Center
The drone company investment briefing session, now in its fourth year, aimed to secure initial capital for drone startups and create a sustainable drone startup ecosystem, and provided IR presentation support for participating companies.
- 1st (Pyeongchon, Gyeonggi, 2022), 2nd (Songdo, Incheon, 2023), 3rd (Gangnam, Seoul, 2023)
This year, in particular, investment intent letters were received from all 10 drone startups that conducted IR presentations, and the Korea Aerospace Safety Technology Institute plans to continue to support various aspects such as investor meetings and investment confirmation procedures until the end of the year.
- Total investment intent letters received from 10 drone companies: 12.6 billion KRW (as of May 24, 2024 (Friday))
Through the drone company investment briefing session, a total of 7 companies have secured 39.7 billion KRW in investment, showing outstanding performance among startup fostering projects in the aviation and drone sectors.
In addition, all investment briefings held so far have been live-streamed through the "Korea Aerospace Safety Technology Institute" YouTube channel, allowing investors who could not attend in person to check the companies' IR presentations regardless of time or location and to facilitate subsequent investment.
In fact, many investors who did not attend the event in person have confirmed investment through the video or are currently in the investment process, which has helped to ensure continuous investor recruitment, meeting opportunities, and IR video provision, supporting continuous investment attraction beyond a one-time event.
Lee Dae-seong, director of the Korea Aerospace Safety Technology Institute, who hosted the event, said, "We will actively support domestic drone startups with excellent technological capabilities to secure stable funding, take leaps forward, and ensure the birth of unicorn companies in the drone sector as soon as possible."
Introduction to the Korea Aerospace Safety Technology Institute
The Korea Aerospace Safety Technology Institute (KIAST) is a public institution under the Ministry of Land, Infrastructure and Transport established to ensure aviation safety by testing and certifying the safety and performance of civil aircraft, airports, air navigation facilities, light aircraft, and ultralight aircraft, identifying and analyzing risk factors affecting aviation safety, developing aviation accident prevention technologies, and conducting international standards research.
Website: http://www.kiast.or.kr/kr/index.do
Contact information
Korea Aerospace Safety Technology Institute
Planning and Strategy Division
Oh Jun-seok, Administrative Officer
032-727-5616
