Lotte Ventures, previously known as Lotte Accelerator, aims to leverage the entire infrastructure and business of Lotte Group - retail, logistics, culture, tourism, food & beverages, chemical, and finance- to support aspiring young entrepreneurs so that their passion and ideas may develop into global companies. Lotte Ventures have renamed to enhance synergies with Lotte Group and to expand investments into late stage start-ups. Moreover, Lotte Ventures will provide a new paradigm in shared growth by partnering with government organizations and programs such as the Creative Economy Innovation Center and Entrepreneurial Incubation Center. Lotte Ventures evaluates the potential of start-ups to make investments and shape the future together. Biannual Lotte Accelerating Program supports the young entrepreneurs to build competitiveness during the 6 months program.