Participation in Scale-up TIPS and Strategic Technology Themed Projects Starting Next Year
The Ministry of SMEs and Startups announced on the 18th that it has finally selected five consortiums to operate the Scale-up TIPS program, which will invest in promising small and medium-sized venture companies and support technology development. Scale-up TIPS operators are partners who discover promising companies in the ‘TIPS method technology development support project,’ where private sectors lead investments and the government provides linked support, and accompany companies throughout the entire process from technology development to growth.
Since November 2021, a total of 19 operator consortiums, composed of investment and technology support sectors, have been actively supporting promising small and venture companies on the ground.
This time, the evaluation focused on business support capabilities such as investment capacity and global networks, centered on technology support capabilities in key technology fields including 12 national strategic technologies, 10 super-gap fields, and carbon neutrality. As investment institutions, five consortiums were finally selected: ▲Woori Venture Partners and Kyobo Securities ▲Samsung Venture Investment ▲Company K Partners ▲Ecopro Partners and Hyundai Motor Securities ▲LSK Investment and NH Venture Investment.
Woori Venture Partners and Kyobo Securities plan to support stable growth of companies by providing financial solutions based on excellent investment capabilities. Infobank, participating as a research and development support institution, is an accelerator that has achieved results in Startup TIPS and is expected to play an active role in discovering and nurturing companies.
Samsung Venture Investment and others plan to actively utilize large-scale investment funds, the expertise of Samsung Group affiliates by sector, and domestic and international networks. The composition of research and development support institutions such as Sungkyunkwan University Technology Holdings was also evaluated as excellent.
Company K Partners and others received high evaluations for their existing investment performance in the manufacturing and hardware sectors. Research and development support institutions such as Daejeon Technopark, KAIST Youth Startup Investment Holdings, Korea Atomic Energy Research Institute, and Korea Research Institute of Standards and Science plan to nurture companies that will lead the market in national core technology fields by utilizing excellent technological resources in Daejeon.
Ecopro Partners and Hyundai Motor Securities have outstanding investment capacity by utilizing the abundant resources of large corporate affiliates, and are expected to be active in discovering excellent companies especially in the carbon neutrality and energy sectors.
The consortium, in which LSK Investment, a bio-specialized venture capital, and NH Venture Investment, an affiliate of NH Financial Group, invest and the Korea Research Institute of Bioscience and Biotechnology and Junsung Patent Law Firm support technology development, plans to focus on discovering companies in the bio sector where large-scale, long-term investment and global expansion are essential.
The fifth operator consortium is scheduled to begin full-scale activities from 2025 after signing agreements.
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