Opening Ceremony Held on December 4
Deep Tech Scaling-Up Base Connecting Regions and the Capital Area
Completing the Technology-Capital Circulation Structure...
One-Stop Support from Early Stage to Exit
The scientific and technological innovation that blossomed in Ulsan has finally found a home in the heart of Seoul’s startup ecosystem, Tipstown.
On December 4, UNIST Technology Holdings, the technology commercialization investment arm of UNIST (President Chong Rae Park), officially opened its Seoul office at Tipstown S1 in Gangnam, Seoul.
Attendees of the UNIST Technology Holdings Seoul Office Opening Ceremony are taking a commemorative photo. Photo by UNIST
This marks the launch of an “advance base for nurturing unicorns,” enabling local deep tech companies to directly access the capital and networks of the Seoul metropolitan area. It is significant in that it lays the groundwork for scaling up companies.
The Seoul office serves as the starting point for a technology-capital circulation structure, where technologies originating in the southeastern region gain opportunities in the capital, and the resulting economic benefits are returned to the local area.
Despite possessing world-class technology and a strong manufacturing base, UNIST and Ulsan have faced challenges due to the concentration of essential growth capital in the Seoul area. The Seoul office is intended to bridge this gap.
This opening coincides with recent achievements. UNIST Technology Holdings was selected as a general partner (GP) for the Korea Fund of Funds’ Public Technology Commercialization Fund, securing 12 billion won, and was also named a new operator for the Ministry of SMEs and Startups’ TIPS program. These two systems are key pillars that support promising companies from the early stage through to exit.
Currently, Technology Holdings manages assets worth 23.2 billion won and aims to expand this to over 100 billion won by 2028, aspiring to rank among the top domestic deep tech investment firms.
More than 100 stakeholders attended the opening ceremony, including Chong Rae Park, President of UNIST; Yoo Jongpil, President of the Korea Startup Promotion Agency; Cho Minsik, President of the Korea Angel Investment Association; and Lee Junhee, Executive Vice President of the Korea Venture Capital Association. It was a gathering where regional technology and capital from the Seoul metropolitan area came together.
President Chong Rae Park stated, “The Seoul office will become a platform where UNIST’s science and technology expand into startups and industrial innovation. By connecting deep tech capabilities, regional manufacturing bases, and the capital and networks of the Seoul metropolitan area, we will see the successive emergence of global unicorn companies.”
Chong Rae Park, President of UNIST, is delivering a congratulatory speech at the opening ceremony of the UNIST Technology Holdings Seoul Office.
Yoo Jongpil, President of the Korea Startup Promotion Agency, said, “This will establish a one-stop support system for deep tech startups, from R&D to commercialization and investment. The Korea Startup Promotion Agency will also work with UNIST Technology Holdings to build a virtuous startup ecosystem and lead an innovation-driven venture boom.”
Han Taekyu, Head of UNIST Technology Holdings, commented, “For deep tech companies to overcome the ‘valley of death,’ a tightly woven support system is essential. We will support growth at every stage with our Value-up strategy.”
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
