Goyang City Launches 100 Billion Won Growth Fund with 10 Billion Won in Public Funding as Seed Money

Goyang Industry Promotion Agency Launches the "Goyang Together Growth Fund"

Attracting private capital to build a foundation for local innovative companies to grow

Investing in aerospace, biotech and K-content companies

Gyeonggi Province's Goyang Special City (Mayor Min Kyungseon) and the Goyang Industry Promotion Agency (President Han Donggyun) will attract private capital using 10 billion won in public funds as seed money over the next four years to create a corporate investment fund worth a total of 100 billion won. The plan is to support the growth of promising companies in the region's strategic industries, including aerospace, medical biotechnology and K-content.

Goyang Special City Mayor Min Kyungseon (third from left) poses for a commemorative photo with attendees at the launch ceremony for the "Goyang Together Growth Fund," held on the 30th. Photo provided by Goyang City.

On October 30, Goyang City and the Goyang Industry Promotion Agency held a launch ceremony for the "Goyang Together Growth Fund" and began expanding investment in local innovative companies.

Attendees included Goyang Mayor Min Kyungseon, Goyang City Council Chair Kim Misu, members of the council's Environment and Economy Committee, the fund's general partners (GPs), and representatives of investee companies and related organizations. Gaia Venture Partners, the fund manager, presented its investment priorities and management plans.

An investment ceremony was also held for three local companies—Robust X, Lotus Bio and Enterobiome—that had received support from the existing "Goyang Step-Up Growth Fund." Attendees shared examples of a fund established with public contributions leading to actual investment in local companies.

The Goyang Industry Promotion Agency plans to contribute a total of 10 billion won in public funds over the next four years and attract private investment to gradually increase the fund's size. The agency aims to identify promising companies in strategic industries, encourage investment and attract companies to the region, and thereby boost the local economy.

"The launch of this fund is an important starting point for the growth of promising local companies and the expansion of the investment ecosystem," said Han Donggyun, president of the Goyang Industry Promotion Agency. "We will strengthen cooperation with professional investment institutions and link the fund with business support programs, including Goyang-style TIPS, to help companies continue to grow in Goyang City."

Goyang Special City Mayor Min Gyeongseon delivers remarks at the launch ceremony for the “Goyang Grow Together Fund,” held on the 30th. Provided by Goyang City.

On November 3, the agency will hold the "2026 Goyang-Style TIPS IR and Results-Sharing Event" at G-ROUND 877 on the 10th floor of Seongsa, Changjo Innovation Campus. The event will showcase the commercialization achievements of technology startups and support follow-on investment by connecting them with investors.

This content was produced with the assistance of AI translation services.