Public Procurement Service Partners with IBK Changgong to Expand Investment and Public Market Access for Innovative Enterprises

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By Global Team

On the 21st, the Public Procurement Service held an investment presentation (IR) in collaboration with IBK Changgong, a startup nurturing platform by Industrial Bank, at the IBK Changgong Guro Center. Eight innovative product companies, including Microsystem, Mobawheel, Solugate, C&Tech, Airdip, Invict, TR, and PNC Solutions, participated in the event.

This investment presentation was organized to expand investment attraction opportunities for public procurement startups and provide them access to public market entry by cooperating with public procurement and policy financial institutions to support the growth of venture and innovative enterprises.

Last year, investment presentations co-hosted by the Public Procurement Service and IBK Changgong over two occasions featured participation from 21 companies, achieving approximately 9.4 billion won in investment attraction, with their public market sales increasing by 69% year-on-year.

Kang Hee-hoon, Public Procurement Service's New Growth Procurement Director, explaining corporate support achievements through the innovative product system at the procurement investment presentation at IBK Changgong Guro Center on the 21st
Kang Hee-hoon, Public Procurement Service’s New Growth Procurement Director, explaining corporate support achievements through the innovative product system at the procurement investment presentation at IBK Changgong Guro Center on the 21st

Companies like UniUni, which provides AIoT-based fall and illegal filming detection solutions, and Firstlab, which manufactures equipment for dispersing contaminants using ultrasound, were recognized internationally for their technological competitiveness by winning innovation awards at the 2024 International Consumer Electronics Show (CES).

Attendees at the Public Procurement Service-IBK Changgong investment presentation at IBK Changgong Guro Center on the 21st
Attendees at the Public Procurement Service-IBK Changgong investment presentation at IBK Changgong Guro Center on the 21st

Based on these achievements, the Public Procurement Service and IBK Changgong plan to strengthen connections among this year’s projects, and enhance synergy effects in enterprise support through activities such as procurement market entry consulting and presentations, participation in public sector exhibitions, and purchasing consultation sessions with demand agencies at IBK Changgong Demo Day, including the second investment presentation scheduled for the second half of the year.

Kang Hee-hoon, Director of New Growth Procurement at the Public Procurement Service, stated, “Last year’s public purchases of innovative products surpassed 1 trillion won, and the achievements in enterprise support through investment support and public market entry linkage are becoming visible.” He added, “We will continue to actively support the expansion of financial investment and public market connections and pave wider paths for overseas verification and exports to enable further growth opportunities.”

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