MARU SF, the Asan Nanum Basis’s third startup help area, opened in San Mateo, California, on Nov. 12 (native time), offering startups looking for to develop from Korea to the world with an area to work, stay and community.
At a gap ceremony, Honorary Chairman Chung Mong-joon of the Asan Nanum Basis emphasised the difficult spirit of his late father, Chung Ju-yung, founding father of Hyundai Group, and wished for the beginning of entrepreneurs like “the second Chung Ju-yung.”
“The late Honorary Chairman Chung Ju-yung opened the door to world growth within the Center East 50 years in the past amid the oil shock. What makes the not possible attainable shouldn’t be capital, assets, or expertise, however ‘the braveness of those that consider they will do it.’ I hope all of the entrepreneurs gathered at MARU SF will write tales like my father’s,” Chung mentioned.
MARU SF is the Asan Nanum Basis’s third startup help area aimed toward spreading the entrepreneurial spirit of Chung Ju-yung and its first abroad base. MARU180 and MARU360 positioned domestically are startup shared workplace areas. In distinction, MARU SF in Silicon Valley is a piece, residential, and networking area that startups looking for to develop abroad can use as a short lived base.
MARU SF resembles a suburban luxurious residence slightly than an workplace. It has a complete of 11 bedrooms, kitchen, and shared work areas. It evokes American college dormitories or guesthouses. This construction permits startups on quick or long-term enterprise journeys to Silicon Valley to resolve lodging and meals whereas concentrating on work. Due to this fact, corporations chosen for this system can solely use it for 2-7 weeks at a time, totaling 16 weeks per yr. That is to supply abroad growth alternatives to extra corporations.
The sensible work of the Asan Nanum Basis is led by Standing Govt Director Chung Nam-yi, the eldest daughter of Honorary Chairman Chung Mong-joon. Concerning the aim of creating MARU SF, she mentioned, “Whereas it will be very best to focus on the worldwide market from the day of startup founding, there’s a dilemma the place they lack cash initially, and after succeeding in Korea, their companies and merchandise grow to be Koreanized and don’t work externally. We wished to resolve this,” including, “It’s an area that permits promising early-stage startups to expertise the world and meet prospects even with out cash.”
Presently, startups that may use MARU SF are restricted to 53 corporations chosen by the startup ecosystem together with world enterprise capital (VC) and the Asan Nanum Basis, but a first-come-first-served reservation battle is reportedly going down.
