Applied Ventures, LLC, the venture capital arm of Applied Materials, Inc. (Nasdaq:AMAT), and and Korea Venture Investment Corporation have established a fund targeting Korean technology startups across a broad range of industries.
The Applied Ventures Innovation Fund I, L.P., aims to invest in promising Korean startups across a broad range of established and emerging industries including semiconductor, display, robotics, healthcare, energy storage, etc.
The fund will be managed by Applied Ventures.
Led by Om Nalamasu, Chief Technology Officer of Applied Materials, Applied Ventures invests in early-stage technology companies that promise to deliver high growth and exceptional returns. Its investments help develop technologies and markets that provide natural extensions to Applied Materials’ core business and stimulate the growth of applications for semiconductors, displays, and related products and services.
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