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Google Campus Seoul aims to strengthen support for startups

All Headlines 15:17 February 21, 2017

By Kim Han-joo

SEOUL, Feb. 21 (Yonhap) -- U.S. Internet giant Google Inc. said Tuesday that it aims to support aspiring South Korean entrepreneurs who are establishing new startups and venture firms at its campus in Seoul through various tailored programs.

"Campus Seoul plans to offer mentoring services, and add more specified and practical programs under the themes of growth, globalization and diversity this year," Lim Jung-min, director of Campus Seoul, told reporters.

Campus Seoul, which opened in May 2015 in the posh Gangnam district in the southern part of the capital, offers various facilities from co-working spaces and accelerator programs to meeting rooms.

"The local startup ecosystem has grown at a very fast speed compared with 2015, when Google Campus Seoul was opened," Lim said. "This year, Google aims to organize tailored programs and support each startup through various education programs ranging from platform and technology to marketing strategy."

With a space of 2,000 square meters, the Seoul location held more than 190 startup-related events that invited over 21,000 startup hopefuls last year. The campus has so far attracted more than 17 billion won (US$15.4 million) from investors.

First, the tech giant will begin recruiting new entrepreneurs who will be using the space free of charge for six months starting in May. They can extend the period for another six months.

Startups also will be able to receive consulting services from Google experts and have the chance to join lectures related to various business issues, such as marketing, finance and technology.

During the second half of 2017, Google aims to help young South Korean jobseekers advance their new businesses into the global market, Lim said.

Google said the Campus' global network will provide participants with a wide range of opportunities through a program called "Campus Exchange." Participants will have opportunities to exchange ideas with overseas startups based on other campuses.

The first campus was launched in London in March 2012 and another one was also opened in Tel Aviv, Israel, in December 2012. Google said the project's global network provides participants with a wide choice of opportunities.

Lim Jung-min, director of the Google Campus Seoul operated by U.S. Internet giant Google Inc., talks to reporters on Feb. 21, 2017. This year, Google said it aims to support entrepreneurs who are launching new startups and venture firms through tailored programs. (Photo courtesy of Google Inc.)


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