WadizCollaborates with the Ministry of SMEs and Startups to Foster ‘Lycon’… Investment Efforts in Full Swing

– 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 Linkage Matching Loan Program (LIPS).

Wadizis one of the lead organizations for the “Private Investment-Linked Matching Loan” program, jointly run Wadiz. Through itsWadiz Next Brand” program, the company proactively identifies promising startups and SMEs and helps them scale up by leveraging Wadizinfrastructure, including investment and loan support.

Wadizis currently 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 Korea Small Business Corporation. Under this program, when an organization designated by the Corporation makes an initial investment in an entrepreneurial small business owner with growth potential, the Corporation subsequently provides policy funds in the form of a matching loan to nurture that 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.

Wadiz, Managing Director Wadiz, stated, “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 and Medium Business Corporation to take the lead in discovering and nurturing ‘Licon’ companies—startups poised to grow into unicorns through innovation and the creation of new content in the lifestyle and local sectors.”