Recently, the biggest interest of the domestic venture investment industry has b

1. Recently, the biggest interest of the domestic venture investment industry has been on the Startup Korea Fund. This is because the selection of venture capital (VC) that will manage 585.3 billion won invested by the government (Mother Fund) and 20 private companies began at the end of last month. The government's plan is to invest a total of 800 billion won in domestic start-ups, including the investment that VCs have collected separately.

2. The government is trying to use the Startup Korea Fund as a leap forward to greatly increase venture investment by private companies. It has also provided significant incentives to companies that make investments to encourage active participation by the private sector.    

3. In this article, I will explain one by one what kind of fund the Startup Korea Fund is, which companies paid for it, why they applied for it, which companies applied to manage it, and what areas of the 800 billion won investment will be invested.    

4. The fund will be divided into two areas: △super gap and △ secondary. The targets of investment in the super gap are the so-called Deep Tech startups. △System Semiconductors △Bio·Health △Future Mobility △ Eco-friendliness and energy △ Robots △ Cybersecurity △ Network △ Aerospace and Marine △ Next Generation Nuclear Power Plant △ Quantum technology. The investment will be concentrated in these 10 companies.    

5. Since the announcement of the list of VCs who applied for the fund manager contest, some in the venture investment industry have also expressed concerns about "self-selection." There are concerns that private LPs could drive their investments to corporate venture capital (CVC) or group-affiliated VCs.    

6. Thirteen out of 20 private LPs own VCs directly or indirectly, as CVCs and affiliated VCs and securities companies in these 13 companies raised their hands to become startup Korea fund managers.    

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