South Korea aims to create a sustainable ecosystem for startup accelerators
In order to lay the foundation for the birth of unicorns, South Korea is looking to create a “sustainable ecosystem” that can support and nurture influential startup accelerators, according to the new president of the Korea Accelerator Association (KAA). Jeon Hwaseong, the founder and CEO of Korean accelerator CNTTECH Co., believes that the country needs to take inspiration from successful accelerators like Techstars and Y Combinator in the US. Jeon highlights the important role that accelerators play in educating, advising, and investing in very early-stage startups. He hopes that Korean accelerators can lead the way in discovering and investing in growth-driven startups.
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