MAFRA is to hold the first investors relations event held under the theme of “food technology”
Public Relations Division
On April 19, the Ministry of Agriculture, Food and Rural Affairs (Minister Chung Hwang-keun, MAFRA) will hold the investor relations (IR) event on food technology for food tech companies at the headquarters of Agricultural Policy Insurance and Finance Service.
This IR is the first event to be held under the theme of "food technology" and 7 food tech companies* which received consulting on attracting investment in advance will attend the event. * 3 food companies specialized in smart distribution, 1 food company in smart manufacturing, 1 company in restaurant innovation, 1 company in customized·special food and 1 company in convenience food
The participating companies will present their business plans for 10 minutes to operators of the fund of funds in the agri-food sector and have the Q&A (Questions-and-Answers) session with operators for 7 minutes. After the IR, participating companies and operators will exchange information necessary for investment through one-on-one consultation.
In May, MAFRA will hold the food tech investment roadshow with the focus on the explanation of business plans and product demonstration of food tech companies and investor matching service. Also, the Ministry will establish the food tech investment information platform by September and introduce it to investors.
Beginning with the fund of 10 billion won this year, MAFRA will establish the fund exclusive to food technology worth of 100 billion won by 2027. It will form an investment association in July and begin investment in food tech companies.
Director General Yang Joo-phil of the Food Industry Policy Bureau of MAFRA said, "The food tech industry with many start-ups of young people found it most difficult to attract investment fund. MAFRA will actively nurture food tech companies with innovative technologies by establishing the fund exclusive to food technology and by connecting it with various policy funds."