The Orange Planet Startup Foundation (CEO Sang-bong Seo, hereinafter referred to as ‘Orange Planet’) announced on the 5th that it would recruit the 6th ‘Orange Garden’.
Orange Garden is a growth support program for pre-startup teams preparing to enter the market. Preliminary startup teams can check their business models and advance their business strategies through Orange Garden. In particular, the advantage is that you can hear vivid experiences and advice through mentoring and coaching with professional mentors and senior entrepreneurs.
Any team can apply if it is a preliminary start-up team preparing to start a business (preparing for incorporation or within 3 years of incorporation). Applications will be accepted through the Orange Planet website from the 8th to the 19th of this month.
Orange Planet plans to select a total of 5 or less preliminary startup teams through the 1st ‘document screening’ and the 2nd ‘interview and PT screening’. The final selected teams will move into the Orange Planet Gangnam Center and participate in the accelerating program for a total of 4 months from September to December.
The accelerating program consists of ▲professional mentor coaching on business model advancement and business strategy establishment and inspection ▲development mentoring through Smilegate’s professional development organization ▲investment attraction mentoring by Smilegate investment reviewers.
In addition, through 1:1 matching with senior startups from Orange Planet, ▲business strategy establishment ▲initial investment attraction strategy and initial equity simulation ▲mentoring on startup management in the early stages are also provided. It is expected to be a place where preliminary startup teams preparing to develop MVP (Minimum Viable Product) and enter business can share their practical experience and know-how.
After the accelerating program ends, excellent teams selected through a performance presentation can participate in ‘Orange Farm’, a follow-up program to Orange Garden. Orange Farm participating companies can use Orange Planet Gangnam Center free of charge for one year and enjoy various Orange Planet family benefits.
You will also be given the opportunity to be included in the review target of the initial investment fund operated by Orange Planet and Smilegate Investment. In fact, last year, 3 out of 10 participating teams in Orange Garden (DL Company, LHR, Moyo) succeeded in attracting investment through a customized accelerating program.
On the other hand, Orange Planet has been supporting startups in earnest since 2014, and the corporate value of startups supported for the past 8 years reaches 2.16 trillion won (as of the first half of 2022). We operate a customized program for all stages of start-up that leads to ‘Orange Park – Orange Garden – Orange Farm – Orange Valley’, and strives to create a start-up ecosystem where start-ups can continue to grow.
An official from Orange Planet said, “Through this program, we expect that preliminary startup teams will be able to receive great help in establishing business models and business strategies in the process of preparing for startups.” We plan to review our business roadmap in detail and provide support in various ways so that we can succeed in entering the market in the future.”
