Pangyo Techno Valley, South Korea's leading innovation hub, has been instrumental in propelling local startups onto the global stage through its monthly 'Pan-Pan Day' event. Since its inception in 2023, the event has hosted 14 sessions, drawing around 80 venture capitalists and 200 startups, marking its pivotal role in the startup ecosystem.
The 'Pan-Pan Day' event is meticulously designed to support startups with global aspirations, offering IR pitching sessions, one-on-one consultations, networking opportunities, and thematic seminars. By engaging experts in various fields, the event ensures startups are equipped with the latest and most relevant information for international expansion.
The event's impact is undeniable. A notable achievement was the 200 million won investment contract between Platinum Technology and NexPot Solution, facilitated during the June session in collaboration with G-Invest Day. The August event, themed 'Open Innovation', saw startups partnering with major corporations like Toss and Mastercard, leading to 18 follow-up meetings among 16 companies, showcasing the event's efficacy in connecting startups with industry leaders.
From September to December, 'Pan-Pan Day' will continue with monthly sessions, each focusing on distinct themes such as content, ICT, SaaS, and manufacturing. The September event, in partnership with the Gyeonggi Startup Summit, will feature meetings with foreign VCs and seminars on international expansion strategies, including a unique networking session between Estonian and Gyeonggi Province startups, offering insights into the European market.
Testimonials from participating startups underscore the event's value, with one representative praising the tailored advice and practical solutions provided, which helped refine their market entry strategies even without immediate VC funding.
As a global R&D hub focusing on IT, BT, CT, and NT, Pangyo Techno Valley's significance is highlighted by its impressive 2023 statistics: 1,666 companies, 78,751 employees, and sales totaling 167.7 trillion KRW. Initiatives like 'Pan-Pan Day' are vital for both startup growth and national development, enhancing South Korea's standing in the global innovation ecosystem.
The Gyeonggi-do Business & Science Accelerator's Techno Valley Innovation Division is further amplifying Pangyo's value through programs like the Pangyo Evening Meet-Up and the Pangyo Startup Investment Exchange 'In-Best Pangyo', alongside the Pangyo Overseas Promotion Program, which aims to attract foreign investment by showcasing Pangyo's companies and innovations to a global audience.
