SAN JOSE, Calif., April 19 (Korea Bizwire) – Zoom Video Communications, Inc. (NASDAQ: ZM) today announced the Zoom Apps Fund, a new $100 million venture fund created to stimulate growth of Zoom’s ecosystem of Zoom Apps, integrations, developer platform, and hardware. Portfolio companies will receive initial investments between $250,000 and $2.5 million to build solutions that [...]
SEJONG, Oct. 27 (Korea Bizwire) — South Korea will create an 85 billion-won (US$75.2 million) global infrastructure development fund to address the key constraints of private investment in overseas projects, the land ministry said Friday. The Ministry of Land, Infrastructure and Transportation signed an agreement with the Korea Development Bank and the Export-Import Bank of [...]
SEOUL, Sept. 7 (Korea Bizwire) – South Korea will create 40 billion won (US$34.5 million) in special funds to foster the virtual reality (VR) and augmented reality (AR) industries, the science ministry said Wednesday. The Ministry of Science, ICT, and Future Planning said funds are aimed at bringing more investment in the fields and to [...]
SEOUL, Nov.16 (Korea Bizwire) – The Small and Medium Business Administration (SMBA) has announced that it will allow venture funds to invest directly in intellectual property rights to meet the demand, and to encourage small and medium businesses to use their intellectual property. Previously, investments from venture funds were restricted to company shares and business [...]