[Korea financial newspapers around the lower cervical News] Korea Venture Capital Association has held a business meeting between Korea and Austria.
Korea Venture Capital Association, said that three days of business meetings held for the Austrian Embassy and March 31 venture capital co-investment between the two countries discussed ways and Global Incubator Network (hereinafter GIN) of the Austrian Embassy in the program guide.
GIN Program is run by the Austrian R & D Promotion Fund, Austria Business Services Agency. Austria VC to industry players and start-ups, investors, incubator of the Asian countries are linked to the start-up support for the purpose of mutual induction commissioning global expansion, investment promotion, networking deployments.
The meeting domestic investment simsayeok 20 people attended the two countries share of VC investment trends and industry characteristics, along with the Austrian Embassy Trade Representative and GIN representative, and shared opinions about the networks and joint investment projects between the two countries VC.
European VC investment market is South Korea's 3.4 times as of end fund formed based on the amount in 2016, 6.5 times the level of new investment criteria. Recovering the market has shown a similar pattern and the United States, mainly recovered through M & A in 231 cases M & A (84%), 44 cases IPO (16%).
Korea Investment Partners, a venture such as Mirae plans to configure the specialized team targeting the European market, and employs a local school who simsayeok and earnest investment in Europe.
Korea Venture Capital Association, said, "relatively VC market is small, thought the Austrian VC is much simsayeok than expected exchange place with industry players to attend so because the growing interest in the European market," said "excess of recent domestic venture Taking into account the difficult situation worthy investment excavated valuation will provide a variety of ways to help the overseas expansion of domestic VC companies, "he said.
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