Springcamp, a Korean venture capital firm, announced on the 22nd that it will be establishing a new startup space on University Avenue in Palo Alto, Silicon Valley, to support Korean startups aiming to compete on the global stage. Palo Alto, the heart of Silicon Valley’s innovation ecosystem, is home to many of the world’s leading tech companies. Springcamp chose this location strategically to help Korean startups tap into key networks and increase their global visibility.

Springcamp stated, “Our goal is to accelerate the growth of Korean startups on the global stage. This Palo Alto space will serve as a crucial stepping stone, giving startups access to the networks and resources of Silicon Valley.”

In addition to providing office space, Springcamp will offer its members accommodations, networking opportunities with local investors, and valuable insights into the U.S. market. The company plans to support startups in various ways to help them establish a strong foothold in the U.S.

“For startups with global ambitions, beginning in Palo Alto can be the first step toward making their dreams a reality,” Springcamp added. “We are committed to turning these challenges from distant dreams into achievable goals.”