• Investor
  • Seoul , South Korea
  • Founded 2010
http://www.primer.kr/primer-club/ | Verified

Short Description

Primer is a Korean startup incubator that supports new entrepreneurs by passing down the “DNA” of experienced entrepreneurs to them.

Long Description

Primer is a startup incubator, which helps starting entrepreneurs by cloning and passing down experienced entrepreneurs' DNA. It derives its name from molecular biology: a nucleic acid strand (or related molecule) that serves as a starting point for DNA replication.

Primer was founded in January 2010 as the first startup accelerator in Korea by five successful entrepreneurs who exited their businesses or took them IPO. We target mainly young entrepreneurs or college students.

We run two programs for entrepreneurs at different stages:

1. The enternship program is held twice a year with a broad scope and open to anyone interested in startups. The best teams have the chance to pitch at Demo Day and continue in the incubator program.

2. The incubator program is open to the best teams from the enternship round and via online application. The scope includes internet, software, mobile and gaming; not hardware. Primer invests USD 20-50k in the companies for 5-10% of the total shares. We provide legal/IP support and in depth mentoring.

We believe that management is more valuable than money, integrity than ability, talent then experience.

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Portfolio Companies

Company Name Description Investment Date Total Funding Raised Country
Tubloo Supporting contents creators by offering contents sharing platforms March, 2015 South Korea
SUPERMENZ Offering mobile supermarket service January, 2016 South Korea
pentui October, 2015
Backpackr Backpackr creates apps for travel and languages. January, 2015 South Korea
AndbuT Analyzeing customer data base USD 36,968 October, 2014 South Korea
Wit Studio Design software developers USD 27,726 January, 2010 South Korea
ADD2PAPER Offering free printing service April, 2011 South Korea
TRAZY Offering travel information June, 2015 South Korea
WANT TO WEAR Fashion Rental Service November, 2015 South Korea
RENGO Rent car platform December, 2015 South Korea