Mayor Heo of Daejeon (South Korea) visits New York’s largest accelerator: ERA

ERA Global

Yeo Chang-Hoon

April 17, 2019

Daejeon Mayor Tae-jung Heo visited New York's oldest and most recognized technology-based accelerator ERA (Entrepreneurs Roundtable Accelerator).

This visit was made to build 'innovation entrepreneurship ecosystem' in order to create a good city for Daejeon and to complement and develop Daejeon's entrepreneurship policy by benchmarking advanced cases abroad.

Accelerators are organizations that discover new startups and support startup programs such as initial funding, work space, marketing, and mentoring. New York's first accelerator, ERA, has produced over 180 startups selected through competition since its establishment in 2011.

Each year, ERA receives more than 2,000 initial start-ups and selects about 12 companies, with initial investment of $ 100,000 and over 500 mentors. Operate mentorships, etc.

Each year, more than 700 companies in New York City are invited to meet potential investors by holding demo day events where startups can showcase their business ideas, services, and products in front of them.

After exchanged opinions with Murat Aktihanoglu, ERA's representative, and experience of ERA's various start-up support programs, Daejeon Mayor Huh Tae-jung said the role and importance of accelerators is becoming increasingly important in the industry. ”Through linkage programs with global accelerators such as ERA and venture capital, we will make various efforts to support startups and revitalize the innovative startup ecosystem of Daejeon."

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