Kibo Gathers Field Opinions to Promote Startup Activation at Universities and Research Institutions

Tech Valley Companies Meeting Held to Promote High-Tech Talent Startup Activation

Kim Young-chun, Director of the Korea Technology Finance Corporation (second from the left), is taking a commemorative photo after a meeting with representatives of five Tech Valley companies.

[Asia Economy Reporter Kim Cheol-hyun] The Korea Technology Finance Corporation (Chairman Jung Yoon-mo, hereinafter referred to as Kibo) announced on the 21st that it met with representatives of TECH Valley companies to discuss Kibo's role in promoting startups by highly skilled technical personnel and to listen to their difficulties.

At the meeting held on the 18th at 63 Square in Yeongdeungpo-gu, Seoul, six promising technology innovation companies pursuing commercialization of research-based technologies through Kibo's TECH Valley guarantee attended. The TECH Valley guarantee provides guarantees and preliminary investment limits of up to 3 billion KRW to companies founded by science and engineering professors and master's and doctoral researchers from partner institutions, supporting them step by step. So far, it has induced startups by 340 professors and researchers, supported guarantees worth 619.6 billion KRW, and investments of 18.7 billion KRW, contributing to the startup of technical talent and the spread of the second venture boom.

Kim Young-choon, a director at Kibo, said, "We plan to actively reflect the field opinions heard at the meeting in the TECH Valley guarantee system," adding, "Through system improvements, Kibo will actively strive to enable university and research institute laboratory technologies to play the role of first movers in the post-COVID-19 era."

This content was produced with the assistance of AI translation services.