SK Telecom Americas is the business development and venture capital arm of SK Telecom, Korea’s largest wireless operator and a global technology leader, and has worked with some of the brightest minds in VC and angel investing – and some of the biggest technology companies in Silicon Valley – to design a novel and new funding model. SKTA Innovation Accelerator seeds and accelerates core technology startups to create and manage the essential data center. The Innovation Accelerator matches entrepreneurs with industry leading strategic partners and provides initial funding up to $1M as a combination of working capital, state-of-the-art facilities, development tools and professional services (e.g. legal and financial). Entrepreneurs concentrate on developing their technologies, while strategic partners and venture capitalists access lower-risk investment opportunities and shorter time-to-money horizons.