Wadiz Launches 'wadiz NEXT BRAND', a Comprehensive Support Program for Small Brand Scale-Up

Wadiz Launches 'wadiz NEXT BRAND', a Comprehensive Support Program for Small Brand Scale-Up

- Combined financial support worth 1.5 billion won including investment and financing, product procurement, and marketing support—'Comprehensive Scale-Up Support' program
- Special benefits including Wadiz Space special curated exhibition and dedicated page opening on the platform
- Final selected 10 teams to be announced through showcase event scheduled for end of June

Following the launch of its first financial service MakerLoan, Wadiz is now actively expanding support for promising startups and SMEs (small and medium-sized businesses) to scale up.

Wadiz, a lifestyle design funding platform, announced on the 24th that it is launching 'wadiz NEXT BRAND', jointly operated by financial subsidiary Wadiz Finance and Partners, to discover and nurture small brands with high growth potential.

The program name 'wadiz NEXT BRAND' carries the meaning of 'Next Big Brand Discovered by Wadiz' along with the anticipation of the question "What is(wadiz) Next Brand?" This program was created to proactively discover promising startups and SMEs that will lead future lifestyles and accelerate their rapid growth through Wadiz's infrastructure support including investment and loans.

Any maker with a successful Wadiz funding track record can participate, whether as an individual or business operator. The finally selected teams will be provided with stable growth opportunities through investment and production loan support worth 1.5 billion won, as well as Wadiz's product procurement. Additionally, various benefits are prepared including special exhibition at Wadiz Space in Seongsu-dong and support for opening a dedicated page on the online Wadiz platform support for IP commercialization linked with Wadiz provision of Wadiz funding and store marketing benefits and brand consulting support.

Program participant team selection will proceed through 1st document screening and 2nd interviews, and the final 10 teams confirmed to participate will be announced through the 'Next Brand 1st showcase' event scheduled for end of June, providing a networking venue for scale-up.

So Kang-seop, Executive Director of Wadiz Finance, stated "As the most effective platform for attracting early fans, Wadiz will actively support the needs of small brands after product and service launches and contribute to rapid growth as a big brand" and "We will strive to create diversity and new success stories in the domestic small brand and SME maker ecosystem by leveraging Wadiz's accumulated know-how from funding and store operations."

Meanwhile, detailed information and applications for the wadiz NEXT BRAND program can be found on the Wadiz website.