2019 Global Accelerators Conference and Startup Pitch Session
Want To Be A Global Entrepreneur or Start a Global Business? Come to the Conference!
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The Hanyang Startup Lounge was established in 2009 through the proposal of numerous successful Hanyang alumni entrepreneurs. This startup-assisting foundation focuses on increasing the success rate of startups through teaching basic entrepreneurial knowledge and capabilities and providing actual experience. Furthermore, by passing down actual experience and wisdom from successful entrepreneurs among Hanyang alumni, the Startup Lounge puts effort into fostering "prepared businessmen." With such efforts in mind, the Hanyang Startup Lounge hosted the 2019 Global Accelerators Conference and Startup Pitch Session, celebrating the 80th anniversary of Hanyang University. From May 30th to 31st, leading global accelerators from the United States, Europe, and Asia along with leading domestic investors including large conglomerates were invited to join this conference.
With a speech by President Kim Woo-seung, the conference began. “As of this year, Hanyang University became 80 years old. The well-known startup university Standford University also celebrated the 80th anniversary of their school, and I believe Hanyang University should grow as a leading entrepreneurial university as well,” said President Kim. He is planning a long-term project that will one day enable Hanyang students to make their own big companies with infinite dreams and to create jobs. Also, the CEO of COMMAX, Byun Bong-deok, gave a congratulatory message offering encouragement to become global leaders. “I am glad to meet you all and I sincerely congratulate you on the 80th anniversary of Hanyang University. I am also a graduate of Hanyang from the Department of Mathematics. As an alumnus, I have noticed the great development and innovation of Hanyang over the years, and as the CEO of COMMAX, I am looking forward to entering the global market as well. Regardless of the size of the companies, competing on a global scale is necessary. I hope many of our potential entrepreneurs from Hanyang step towards the world through this event,” concluded Byun. Along with the president’s speech, many outstanding Korean businessmen delivered speeches on how to become prosperous entrepreneurs and what qualities and attitudes to possess.
The first day of the conferencce kicked off with confidential one-on-one meetings to attract startup investments. Then, the conference officially began with a commencement speech from President Kim, a congratulatory speech by Byun, and a keynote speech from Kim Kwang-hyun, the director of startup promotions. After opening the conference, global accelerators continued their speech. The first group had the title, “Foreign investment attraction should not be the same way as now. The startups that North American and European Venture Capitalism (VC) want.” Amongst the invited speakers, Jason Song, the Head of Business Development at Amazon Global Selling, gave a speech regarding the attitude that startups should have and explained the current trends of global markets. “It is important to identify high potential sellers and give them access to the market. In fact, the United States believes Korean products are reliable and great, which is the reason why Amazon Global Sales decided to work with local startups and accelerators. We are looking for startups that are planning to expand into the global market which requires a channel to distribute their products,” said Song. He further gave advice to the audience that startups must know their weaknesses and have the eagerness to continue learning.
The second session of the speech began with the title “The respective startup ecosystem in Asia and methods to attract investment into startup companies.” Speakers not only explained how they successfully found partners or attracted investments from Asian countries, but also gave tips on becoming preeminent global entrepreneurs. Ted Kim, the CEO of Campus K which is a corporation that provides co-working spaces in Hanoi, Vietnam, noted, “Goldman Sachs predicted that Vietnam will become the 18th largest economy in the world, and Vietnam’s economy is growing faster than ever. In this sense, you must not only understand the cultural context of the local market, but find the right and relevant local partners that will help you in order to be successful.” After all the speeches were delivered, another round of confidential one-on-one meetings to attract startup investments was held, followed by the networking session with domestic/foreign accelerators and startups.
The second day of the event mostly consisted of pitch session that introduced promising domestic startups seeking investment. After the pitch session, match-ups between investors and startup companies were held. Since Hanyang University provides much support to students who are interested in starting a business, the school encourages them to take advantage of opportunities such as participating in conferences to actualize their potential.
Kim Min-jae firstname.lastname@example.org
Photos by Kim Joo-eun
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