– Startups selected for theWadiz Next Brand” program are actively recommended by the Ministry of SMEs and Startups for private investment partnerships
– Organic beauty brand ‘Power Player’ and IP merchandise specialist ‘Luka Lab Company’ have secured government funding support
– Leading the way in startup incubation through direct investments of up to 100 million won viaWadiz and connections to the Linking Investment and Private Sector (LIPS) matching loan program
Life design funding platform Wadizannounced on the 1st that a startup selected Wadizits subsidiary, Wadiz, has successfully secured funding through the Ministry of SMEs and Startups’ Private Investment-Linked Matching Loan Program (LIPS).
Wadizis one of the organizations overseeing the “Private Investment-Linked Matching Loan” program, jointly run Wadiz. Through this initiative,Wadiz operates theWadiz Next Brand” program, which proactively identifies promising startups and SMEs and helps them scale up by leveraging Wadizinfrastructure, including investment and loan support.
Wadizis actively facilitating “private investment-linked matching loans” to help startups selected asWadiz Next Brands” secure production and marketing funds for scaling up. The organic beauty brand “Power Player” and the IP merchandise specialist “Luka Lab Company” have been the first to receive these policy-funded matching loans.
The “Private Investment-Linked Matching Loan” is a new initiative launched in 2023 by the Small Business and Market Service. Under this program, when an organization designated by the Service makes an initial investment in an entrepreneurial small business owner with growth potential, the Service subsequently provides policy funding in the form of a matching loan to nurture the business into a “Ricon” enterprise. Loans are granted based solely on the growth potential recognized through the investment, regardless of the entrepreneur’s creditworthiness.
Wadizis actively recommending makers and startups that have successfully secured funding Wadizfor ▲ selection as aWadiz Next Brand,” ▲ support through various incubation programs, ▲ investments of up to 100 million won, and ▲ “Private Investment-Linked Matching Loans (LIPS)” of up to 500 million won.
WadizExecutive Director Wadizstated, “Our goal is to help promising startups that have proven their market potential through crowdfunding and secured investment to grow steadily.” He added, “We will continue to actively collaborate with the Ministry of SMEs and Startups and the Small Business and Market Service to take the lead in identifying and nurturing ‘Licon’ companies—startups poised to grow into unicorns through innovation and the creation of new content in the lifestyle and local sectors.”
