Dtonic will participate in Sweden’s Korea Start-up Center program at Epicenter Stockholm

Dtonic was selected to participate in Sweden’s Korea Start-up Center (KSC) program to expand to Europe through Scandinavia. Due to COVID-19, the initial short-term accelerating/networking visit to Sweden has been replaced by an online program taking place in August 2020.

Below is an article about the launching ceremony of KSC program:

The K-Startup Center is a global startup platform that provides startup companies with a package including local networking, funding and office space, in order to help them settle into the local startup ecosystems, and to connect startup ecosystems of various countries.

Following the KSCs launched in 2019 in New Delhi, Seattle and Tel Aviv, the MSS is launching the next wave of KSCs this year in Stockholm, Sweden, Helsinki, Finland and Singapore, as part of the achievements of the President's India-Singapore visit (2018) and European visit (2019). Ambassador Eero Suominen of the Embassy of Finland in Korea, Ambassador Eric Teo of the Embassy of Singapore in Korea and Ambassador Chaim Choshen of the Embassy of Israel in Korea and Ambassador Sripriya Ranganathan of the Embassy of India in Korea, and representatives from related institutions such as Business Sweden and Enterprise Singapore, joined today's launching ceremony in person to express their support and encouragement for the KSC-designated companies of 2020 as they prepare global market entry.

Also, Minister Ibrahim Baylan of Sweden's Minister for Business, Industry and Innovation, and Minister Chan Chun Sing of Singapore's Ministry for Trade and Industry joined online to deliver their congratulations on the launching of the KSCs, and expressed their commitment to providing K-startups with active support in their local market entries.

Competition rate recorded 3.3:1, as 279 companies applied for a selection of 92 companies to join the 6 K-Startup Centers in 2020. This is clear indication of the strong demand for global scale-up among K-startups, even amidst the pandemic.

Following the launching ceremony, the KSC-designated companies will be matched with investors, partner companies and/or major corporations to measure the level of ‘localization’ of their startup items, and begin the accelerating program to refine their market entry strategies.