(Singapore 4 May 2023) Leading Korean startup hub D.CAMP hosted its first demo day in Singapore today, according to Singapore’s Infocomm Media Development Authority (IMDA), the event’s co-organizer.
This came after IMDA and D.CAMP signed a memorandum of intent last October to create more bilateral opportunities for Singaporean and Korean start-ups.
According to the MOI, IMDA will engage Korean startups in D·CAMP’s portfolio and provide access to the Singapore market through the Accreditation and Spark programs to selected companies.
Also, enterprise technology companies in Singapore will have greater access to the Korean tech ecosystem, as D·CAMP has become IMDA’s Landing Pad partner in Korea.
Korea has a thriving startup ecosystem of over 120,000 startups and is widely recognized for its expertise in 5G, advanced manufacturing, and AI/Data, which are similar areas of focus for Singapore, IMDA said.
With this partnership, D·CAMP becomes IMDA’s first Landing Pad partner in Korea, joining other Landing Pads in China, Spain, Japan, the UK, and other international ecosystem partners.
In setting up a network of Landing Pads, IMDA is looking to enrich and diversify Singapore’s tech ecosystem and talent pool by working with partners to bring in promising international startups.
