The Busan Metropolitan Government has formed the Enlight B-Scale-up Venture Fund worth 106.2 billion won ($76 million), its largest ever, to expand growth-stage <a href="https://bitcomme.com/got-1000-an-investment-in-spacex-could-be-worth-this-much-by-the-end-of-2027/” title=”Got $1,000? An Investment in SpaceX Could Be Worth This Much by the End of 2027.”>investment in local companies
The fund is a sub-fund of the Busan Innovation Scale-up Venture Fund launched last year and will be managed by Enlight Ventures.
Its central aim is to broaden a local investment ecosystem that has concentrated on early-stage startups, extending support to growth-stage companies through follow-on investment and scale-up funding.
The city has raised more than 500 billion won in funds over the past two years and has been holding investment matching programs on a regular basis.
The city plans to widen financing opportunities for local companies and ease a venture investment structure centered on the greater Seoul area.
#Busan#VentureFund#ScaleUp#StartupKorea#EnlightVentures
Original reporting by Cho Won-jin for Seoul Economic Daily.
AI-translated from Korean. Quotes from foreign sources are based on Korean-language reports and may not reflect exact original wording.
Translated by AI on Sep 13, 2026View Korean originalTranslation Policy
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