123 Factory Gmbh

Name

123 Factory Gmbh

Legal name

123 Factory GmbH

Website

https://123factory.de

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Startup Acceleration and Innovation Consulting

NAICS

Convention and Trade Show Organizers (56192)

akta.pro primary industry

Value Chain Development & Supplier Upgrading (BPADAMAI)

Keywords

• Startup acceleration services
• Cross-border innovation consulting
• Corporate venture scouting
• Open innovation programs
• Korea Europe market entry

Headquarters

HQ city

Berlin-müggelheim

HQ country

Germany

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Club Membership and Platform Services: 123 Factory charges annual membership fees for access to their platform and services, as evidenced by references to '123factory-Clubmitgliedschaft' in their AGB. The company also facilitates paid delegation programs such as the Shanghai Auto Show Delegation (€3,999-€5,999).
2. Event and Delegation Programs: Revenue generated from paid delegation tours and event programs including the Shanghai Auto Show Delegation (€3,999 standard, €5,999 full program), which includes accommodations, transportation, meals, and event access.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

123 Factory GmbH is a Berlin- and Seoul-based cross-border innovation consultancy that helps Korean startups enter European markets and helps European corporations discover and engage with Korean startups. The company offers tailored support services spanning early-stage support, accelerator/scale-up programs, funding support, startup scouting, venture governance, and investment advisory, complemented by an Open Innovation Hub platform that aggregates 93+ corporate open innovation programs from leading European corporations. The offering is delivered via a hybrid model combining digital platform access, structured programs, and event-driven delegations such as the Shanghai Auto Show Delegation.

Product overview

123 Factory GmbH operates as a Korea-Europe startup acceleration and corporate innovation consultancy. The core offering consists of the Open Innovation Hub (a platform aggregating corporate startup challenges across Europe) and a Portfolio Platform showcasing Korean tech startups expanding to Europe. These are supported by service modules including Early Stage Support, Accelerators & Scale-Up Programs, and Funding Support for startups, and Startup Scouting, Venture Governance, and Investment Support for corporations. Ecosystem Building services include Community & Events, Venture Talents programs, The Drivery Korea partnership, and a Mentor Network. The company also organizes delegation programs like the Shanghai Auto Show Delegation for market access. The offering is structured as a platform-plus-services model rather than a single unified software product.

Differentiator

Problem solved

Functional benefit

Brands

• Open Innovation Hub: Built by 123 Factory, aggregates startup challenges, pilot projects, and collaboration opportunities from leading European corporations into one searchable platform
• The Drivery Korea

Products and services

• Open Innovation Hub A searchable platform built by 123 Factory that aggregates startup challenges, pilot projects, and collaboration opportunities from leading European corporations, helping startups discover corporate partnership opportunities faster.
• Portfolio Platform A curated portfolio showcasing high-growth Korean tech startups that have expanded into Europe with 123 Factory's support, including companies in healthcare, AI/ML, IoT, and consumer products sectors.
• Early Stage Support Support services for early-stage startups including foundational building, strategy development, tools, and network access to help transform ambitious ideas into globally scalable businesses.
• Accelerators and Scale-Up Programs Acceleration programs designed to help startups scale their operations and grow through structured mentorship, workshops, and access to corporate partners.
• Funding Support Support services connecting startups with funding opportunities and investment pathways for growth and expansion.
• Startup Scouting Corporate venture services that identify and evaluate innovative startups for potential partnerships, investments, or collaborations with corporate clients.
• Venture Governance Advisory services for corporations to manage and oversee their startup investments and venture portfolio effectively.
• Investment Support Services supporting corporate investment activities including deal sourcing, due diligence support, and post-investment management for corporate venture programs.
• Community and Events Ecosystem building initiatives including expert-led talks, industry-specific communities, and networking events that foster knowledge-sharing and collaboration among professionals.
• Venture Talents Talent exchange programs supporting Korea-Germany professional development, enabling young professionals to gain global experience and enhance technical skills for international markets.
• The Drivery Korea Partnership with The Drivery (Europe's largest mobility hub) connecting Korean and German mobility ecosystems to foster cross-border collaboration in the mobility sector.
• Mentor Network A network of industry mentors offering diverse perspectives to support startup growth and innovation across Korea and Europe.
• Shanghai Auto Show Delegation A 5-day delegation tour to the Shanghai Auto Show offering visits to Tesla Gigafactory, CATL, XPeng, and exclusive networking with industry leaders like NIO, Huawei, Bosch, and GM, plus access to China's future mobility ecosystem. Standard tier at €3,999 per person, full program at €5,999 per person.

Quantifiable outcome

• 200+ GtM & Market Access supports, 100+ Workshops & Executive Seminars, 300+ Strategic Insights, 50+ Matchmaking & Industry Showcases
• +1 more outcomes

Named customers12 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

18 partnerships are on record, tiered core, major and minor.

• KOVAcoreStrategic or Co-development Partner · 1 January 2026Partner in the Global Testbed Program 2026, a cross-border innovation initiative connecting Korean startups with European markets through structured programs and corporate partnerships.
• KITA (Korea International Trade Association)coreStrategic or Co-development Partner · 1 January 2026Co-organizer of the Korea-Germany Open Innovation Summit and other trade facilitation programs between Korea and Germany.
• SparklabscoreStrategic or Co-development Partner · 1 January 2026Partner in Global Testbed Program 2026, bringing startup acceleration expertise to the cross-border innovation ecosystem.
• The DriverycoreStrategic or Co-development PartnerPartnership with Europe's largest mobility hub to connect mobility ecosystems of Germany and Korea, fostering cross-border collaboration through The Drivery Korea initiative.
• Korea SMEs and Startups Agency (KOSSA)majorGTM or Marketing PartnerGovernment agency partner supporting Korean startups in accessing European markets through various programs and initiatives.
• Consulate General of the Republic of KoreamajorGTM or Marketing PartnerCo-organizer of Innovation Bio & Healthcare Partnering Day 2025, supporting Korean startups' international expansion.
• BMW Group Startup GaragemajorChannel Partner/ Reseller/ DistributorAggregator of BMW Group Startup Garage open innovation program on 123 Factory's Open Innovation Hub platform, providing access to automotive, production, software, and mobility startup opportunities.
• AB InBev 100+ AcceleratormajorChannel Partner/ Reseller/ DistributorAggregator of AB InBev's global sustainability-focused accelerator program for startups in water, packaging, climate, agriculture, and biodiversity sectors.
• Dassault Systèmes 3DEXPERIENCE LabmajorChannel Partner/ Reseller/ DistributorAggregator of Dassault Systèmes' open innovation lab and accelerator for deep-tech and hardware startups.
• Airbus BizLabmajorChannel Partner/ Reseller/ DistributorAggregator of Airbus' global aerospace accelerator supporting startups in space tech and mobility.
• Allianz XmajorChannel Partner/ Reseller/ DistributorAggregator of Allianz' digital investment unit programs in insurtech, fintech, and healthtech.
• AstraZeneca Open InnovationmajorChannel Partner/ Reseller/ DistributorAggregator of AstraZeneca's always-open research collaboration channel for drug discovery and disease biology.
• BASF Venture CapitalmajorChannel Partner/ Reseller/ DistributorAggregator of BASF's corporate venture arm investment programs in chemicals and sustainability.
• Bayer Co.LabmajorChannel Partner/ Reseller/ DistributorAggregator of Bayer's life-science incubator programs for biotech and healthtech startups.
• Seoul Metropolitan GovernmentmajorGTM or Marketing PartnerGovernment partner supporting Korea-Germany innovation initiatives and startup ecosystem development.
• SNUH (Seoul National University Hospital)majorGTM or Marketing PartnerCo-organizer of Digital Health Tech Startups Demoday, connecting healthcare startups with innovation resources.
• Hyundai TransysmajorGTM or Marketing PartnerPartner in Online Trade Show connecting Korean mobility startups with global opportunities.
• Woowa BrothersminorGTM or Marketing PartnerPartner in Korea-Germany Tech Night networking event.

Scale indicators8 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Techstars: Global accelerator network with multiple European and Asia-facing programs. Offers corporate innovation and accelerator services that overlap with 123 Factory's startup and corporate offerings, though at much larger scale and brand recognition.
• KOTRA (Korea Trade-Investment Promotion Agency): Korean government trade and investment promotion agency operating global offices including in Germany. Broad incumbent providing market entry, delegation, and corporate matching services that overlap with 123 Factory's Korea–EU cross-border offering at much larger scale.
• KISED (Korea Institute of Startup & Entrepreneurship Development): Korean government agency under the Ministry of SMEs and Startups that funds and runs major cross-border startup programs (e.g., GMEP 2023 with 123 Factory). Functions as both a partner and a much larger incumbent providing Korean startups with European market access.
• Plug and Play Tech Center: Global accelerator and corporate innovation platform with active Korea and European operations. Comparable as a corporate-driven startup scouting and acceleration platform competing for the same corporate open-innovation budgets.
• Antler: Global early-stage venture investor and accelerator active across Europe and Asia, including Korea. Competes in cross-border founder support, mentorship, and corporate-startup matching at meaningfully larger AUM scale.

Direct peers

• Sparklabs: Global accelerator network with strong Korea presence (Seoul) and international chapters. Both a program partner of 123 Factory and a direct competitor offering startup acceleration and corporate open-innovation services between Korea and global markets.
• KOVA (Korea Venture Association): Korean venture industry association and partner of 123 Factory in the Global Testbed Program 2026. Comparable as a connector between Korean startups and global corporate/investor ecosystems, with formal policy and member-network influence.
• The Drivery: Europe's largest mobility hub, partnered with 123 Factory via 'The Drivery Korea'. Direct overlap in connecting Korean and European mobility startups with corporates, including matchmaking, scouting, and corporate venture services.

Others

• Startupbootcamp: Global accelerator with European heritage running industry-specific programs and corporate innovation partnerships. Comparable as a structured accelerator plus corporate scouting platform, though without 123 Factory's bilateral Korea focus.

Regional players

• High-Tech Gründerfonds (HTGF): Leading German early-stage VC fund focused on German deep-tech and B2B startups. A regional player comparable to 123 Factory on the European side, providing funding, networks, and corporate introductions, though not specialized in the Korea–EU bridge.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@123factory
• LinkedInlinkedin.com/company/123factory
• Instagraminstagram.com/wix

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about 123 Factory Gmbh