Facilitation of Agri-Food Technology Based Start-Ups
◈ (Goal) To create new driving power in agriculture and farming villages and to promote industrialization for future growth through systematic supports in technology, funding and sales channels of agri-food ventures and start-ups
◈ (Enforcing Institutions) Foundation of Agri, Tech, Commercialization and transfer; Korea Venture Business Association; and Agricultural Policy Insurance & Finance Service
○ Operate regional venture & start-up centers (A+ Centers) to provide start-up services by providing information to agri-food start-ups (to-be), consulting and guidance to supports * A+ Centers: Seoul, Busan, Sejong, Gyeonggi, Gangwon, Jeonbuk, Gyeongbuk (7 in the nation) * Operate online agri-food start-up information network (www.a-startup.or.kr)
※ Provide start-up services to overall matters for building ecosystem that can build capacity, nurture start-ups, and assist in exports, investment, sales channels and promotion of agri-food ventures and start-ups
Technical Valuation
Provide ventures, start-ups and start-up to-be seeking funding based on excellent technology in the argi-food sector for the fees of technical valuation and technological evaluation
※ Purpose and Content of Each Evaluation Type
평가유형별 용도 및 내용 설명하는 표
Type of Evaluation
Technical Valuation
Technological Evaluation
Purpose
Assist funding (IP security, guarantee application / investment in kind) Investment driven (venture capital / crowd funding)
Valuation of technology, rights, marketability, business feasibility and technical value → Expressed in equivalent value
Evaluation of business capacity, technology, marketability, and business feasibility → Graded
Agri-food Venture Nurturing Support
Support capacity building at incubation center through consulting, commercialization funding and networking to increase success rate of preliminary or early start-ups with technological basis
※ (Consulting) Experts visit farms to provide customized consulting in each growth stage
※ (Commercialization Fund) Support commercialization fund in early stage of start-up
※ (Networking) Provide information by holding regional workshops, agencing or connecting to experts, and providing market trends, etc.
Support Sales Channels of Farming Companies
Discovering sales channels in a critical matter that determines the success or failure of a business. Sales channels to sell prototypes will be provided to early start-ups to test products in advance through marketability evaluation and by checking on consumer response
※ (Operate Offline Sales & Promotional Centers) Conduct the roles of a test bed to evaluate the marketability of new items
* Operate ‘Yeongnonghagye’ in Jeonju Hanok Village
※ (Support Connection of Online Distribution Channels) Operate exclusive online shopping malls and promotional events for businesses in Boom Boom Market to improve consumer awareness
Hold Agri-Food Start-up Contest
Discover start-ups with creative ideas in the agri-food sector, and create a start-up boom by expanding investment opportunities and sales through intensive supports
※ Competition to attract more investment to strengthen business capabilities through education for each level and mentoring and evaluation of project completion level and innovation
Facilitate Crowd Funding in Agri-Food
Support costs for building and operating funding platforms, consulting costs (field coaching and customized consulting), and funding registration and success fees, etc. so that early start-up companies can raise funds on time
※ (Crowd Funding) A way that small investors invest in early start-up companies online (Crowd + Funding)
Support Agri-Food Ventures and Start-up Internship
Support internship practical programs so that young interns seeking to start up in the agri-food sector based on technology to learn overall administrative affairs in start-up business such as management and marketing from established companies
※ (Operate Internship) Support field practice in agri-food venture & start-up companies
※ (Education & Mentoring) Provide practical education related with administrative affairs and corporate management of start-ups, build networks between interns and established start-ups and provide mentoring programs, etc.
※ (Connection Program) Select exemplary personnel on completion of the internship and provide a training opportunity in an advanced country in the agri-food sector