UNIST and Ascendo Ventures have recently announced their collaboration to jointly revitalize the startup ecosystem in Ulsan region.
On January 11, UNIST signed a strategic partnership agreement with Ascendo Ventures to build a sustainable and competitive startup ecosystem that can foster the growth and development of innovative tech-based startup enterprises.
The MOU signing ceremony took place in the Market Hall of the Industry-Academic Cooperation Center at UNIST and was attended by Director Soon-Song Kwon of UNIST Office of University Industry Relations and CEO Jeongseok Lee of Ascendo Ventures. During the ceremony, discussions were held regarding measures to support the revitalization of the local economy by creating local jobs and strengthening corporate competitiveness.
Under this agreement, the two institutions will form a strategic partnership to discover and invest in deep tech companies. That includes investing in venture investment funds that Ascendo Ventures plans to create specifically for deep tech companies discovered by UNIST. The main focus areas for those companies in the southeastern region of Korea include electric vehicles, secondary batteries, future mobility and robotics, hydrogen value chain technologies, digital healthcare, and smart homes.
Meanwhile, Ascendo Ventures is a deep tech venture investment company that was officially launched in 2018.