Wadiz Partners Fosters 'Raicon' with Ministry of SMEs and Startups…Full-Scale Investment Launch

Wadiz Partners Fosters 'Raicon' with Ministry of SMEs and Startups…Full-Scale Investment Launch

- 'Wadiz Next Brand'-Selected Startups Actively Recommended for Private Investment Linkage by Ministry of SMEs and Startups

-  Organic Beauty Brand 'Power Player' and IP Goods Specialist 'Lukalab Company' Confirmed to Receive Policy Fund Matching Loans

-  Leading Startup Growth through Wadiz Direct Investment of Up to 100 Million Won and Private Investment-Linked Matching Loan (LIPS) Connection

Wadiz, a lifestyle design funding platform, announced on the 1st that a subsidiary Wadiz Partners' selected startup achieved results connected to the Ministry of SMEs and Startups' Private Investment-Linked Matching Loan Project (LIPS).

Wadiz Partners, one of the leading organizations managing the 'Private Investment-Linked Matching Loan' project carried out by the Ministry of SMEs and Startups and the Small Business Market Promotion Agency, proactively discovers promising startups and SMEs and operates the 'Wadiz Next Brand' program that helps scale-ups through infrastructure support such as investment and loans provided by Wadiz.

Currently, Wadiz Partners is actively linking 'Private Investment-Linked Matching Loans' so that startups selected as 'Wadiz Next Brand' can secure production and marketing funds for scale-up. First, the organic beauty brand 'Power Player' and IP goods specialist 'Lukalab Company' have received policy fund matching loans. 

'Private Investment-Linked Matching Loan' is a new 2023 project in which the designated lead organization by the Small Business Market Promotion Agency supports policy funds as subsequent matching loans when investing first in entrepreneurial small business owners with growth potential, thereby fostering them into Raicon companies. The project provides loans based solely on growth potential recognized through investment, regardless of the credit rating of entrepreneurial small business owners. 

Wadiz Partners targets makers and startups with funding success experience at Wadiz by ▲selecting 'Wadiz Next Brand' ▲supporting various incubation programs ▲investing up to 100 million won and ▲actively recommending up to 500 million won of 'Private Investment-Linked Matching Loan (LIPS)'. 

Ko Gang-seop, CEO of Wadiz Partners, stated “Our goal is to help promising startups that have verified market viability through crowdfunding and received investment grow stably” and “We will continue to cooperate actively with the Ministry of SMEs and Startups and the Small Business Market Promotion Agency to lead the discovery and nurturing of Raicons that will grow into unicorn companies through innovation and creation of new content in the lifestyle and local sectors”.