To foster innovation in early-stage businesses, CJ takes the lead by investing in startups.
CJ Investment has launched a startup accelerator program with d·camp, Korea’s first multi-purpose startup hub operated by the Banks Foundation for Young Entrepreneurs, called “D·DAY × CJ Lifestyle.”
This is the first accelerator program established by CJ Investment since its relaunch as a corporate venture capital (CVC) in 2022. The company has expressed its intentions last year to expand its capacity to discover and invest in early-stage startups with high potential.
The program is open for startups between the seed funding process and pre-series A stages, with a post-money valuation of less than 10 billion won (7.6 million USD). After application review and business plan presentation, the selected 5 companies will have investor relations networking opportunities with CJ Investment and d·camp as well as external investors during the “D·DAY × CJ Lifestyle” event, which will be held on April 27 at d.camp’s headquarter in Gangnam, Seoul.
The program is seeking startups with new ideas that can establish business models for CJ’s four core fields: Food and Food Services, Bio, Logistics & Retail, and Entertainment & Media. Interested parties can check further details on the d·camp website. “We plan to actively invest in and support early-stage startups with innovative ideas for their successful positioning in the market.” said Kim Do-han, CEO of CJ Investment.
