Samyang Chemical Group Forms Strategic Partnership With Plug And Play To Drive Early-Stage Investments

SINGAPORE, Dec. 5, 2023 /PRNewswire/ -- Samyang Chemical Group, a leading global chemical company announces its strategic partnership with Plug and Play, the world's largest innovation platform. The partnership aims to facilitate the discovery and investment in promising startups globally, providing a range of opportunities across various sectors and countries, while fostering cross-border collaboration.

Plug and Play is renowned for connecting forward-thinking corporations with innovative startups to drive technological advancements. Through this partnership, Samyang Chemical Group will be able to leverage Plug and Play's vast network and resources to explore cutting-edge technologies, promote collaboration, and drive investment opportunities across the globe.

As a key player in the global chemical industry, Samyang Chemical Group is committed to staying at the forefront of innovation. By joining forces with Plug and Play, the company aims to identify and adopt emerging technologies that will enable it to address evolving market demands and environmental challenges.

Plug and Play will provide Samyang Chemical Group with access to a diverse ecosystem of startups through its VC as a Service platform. It will support the entire process of scouting, identification, and due diligence with the goal of driving early-stage investments. By participating in Plug and Play's programs and events, Samyang Chemical Group will have the opportunity to engage with innovative solutions in areas such as digitalization, sustainability, and supply chain optimization.

"At Plug and Play, we believe in the power of collaboration to drive meaningful change. We are excited to welcome Samyang Chemical Group to our ecosystem and look forward to working together to accelerate innovation across multiple industries," said Jupe Tan, Managing Partner at Plug and Play APAC.

This strategic partnership between Samyang Chemical Group and Plug and Play signifies a significant step towards fostering a culture of innovation, sustainability, and resilience to catalyze technological advancements.

About Samyang Chemical Group

Samyang Chemical Group(SCG) is a comprehensive chemical company that based its core business on petrochemicals, a modern vital energy source. With its promising investment on R&D, SCG has grown to a global scale that exists today, continuing the effort to provide the best products and services for its customers. SCG has since expanded into various industries, including cross-border trading, distribution, steel business, real estate development, IT, etc., and strives to grow further with society, altogether. To fulfill its dream, SCG established DREAUM, SCG's spin-off for its new business development and investment, to actively search and invest into startups who have the potential to co-create and disrupt the world. SCG promises to put startups' growth forth to build an ongoing corporate-startup partnership relationship for a brighter future.

About Plug and Play

Plug and Play is a global innovation platform. Headquartered in Silicon Valley, we have built accelerator programs, corporate innovation services and an in-house VC to make technological advancement progress faster than ever before. Since inception in 2006, our programs have expanded worldwide to include a presence in over 50 locations globally, giving startups the necessary resources to succeed in Silicon Valley and beyond. With over 80,000 startups and 550 official corporate partners, we have created the ultimate startup ecosystem in many industries. We provide active investments with 200 leading Silicon Valley VCs, and host more than 700 networking events per year. Companies in our community have raised over $9 billion in funding, with successful portfolio exits including Danger, Dropbox, Lending Club and PayPal.

For more information visit: www.plugandplayapac.com

SOURCE Plug and Play APAC