Kibo Signs 'Startup-Centered University Project Execution Agreement' with University

Aiming to Discover Technology and Youth Startup Companies

The Korea Technology Finance Corporation announced on the 7th that it has signed a 'Business Agreement for the Execution of the Startup-Centered University Project' with three universities (Jeju National University, Chosun University, and Chonnam National University).

Kibo Technology Guarantee Fund Headquarters. Provided by Kibo

This agreement was established to build a mutually organic cooperation system between the Korea Technology Finance Corporation and each university, share startup support infrastructure, discover technology startup companies and youth startup companies with excellent technological capabilities and growth potential within the region, and strengthen support for region-based innovative technology companies.

According to the agreement, the three universities will discover and recommend outstanding technology startup companies within their regions and campuses, and the Korea Technology Finance Corporation will support the recommended small and medium enterprises with tailored programs such as ▲startup preferential guarantees ▲investment linkage and certification evaluation ▲technology transfer and technology protection, collaborating to ensure the successful growth of excellent region-based technology companies.

Each institution plans to create synergy effects through information exchange for regional startups, youth startups, and university-originated startup support, and to develop cooperative infrastructure. Furthermore, through this agreement, they will also join forces to share information to strengthen the research and development capabilities of outstanding technology startup companies and to foster an ecosystem for technology-based startup activation.

Oh Eun-sik, Head of the Honam Regional Headquarters of the Korea Technology Finance Corporation, said, "This agreement is significant as it establishes cooperation measures for supporting startups of excellent regional technology companies and the innovative growth of university startups." He added, "Going forward, the Korea Technology Finance Corporation will continue to expand region-tailored support to contribute to creating good jobs and revitalizing the regional economy."