The Ministry of SMEs and Startups announced on the 18th that it has selected five consortiums to operate the Scale-up TIPS program, aimed at investing in and supporting technology development for promising small and venture corporations.
The consortium, led by the private sector, currently includes 19 partners participating in the 'TIPS method of technology development support project' where if private investing corporations invest, the government provides support.
The newly selected five consortiums are composed of institutional sectors and research and development support organizations.
First, the consortium involving our Venture Partners and Kyobo Securities will support the stable growth of corporations by providing financial solutions, while Infobank, T-Biz, and KILSA Global will be responsible for discovering and nurturing corporations.
Another consortium plans to utilize the large investment resources of Samsung Venture Investment and the specialized expertise of Samsung Group affiliates, as well as domestic and international networks.
Research and development support organizations include Sungkyunkwan University Technology Holdings and the Dalae Strategic Business Center.
Company K Partners, with a strong existing track record in the manufacturing and hardware institutional sector, has formed a consortium with research institutions in Daejeon, including Daejeon Technopark, KAIST Youth Entrepreneurship Investment Holdings, Korea Atomic Energy Research Institute, and Korea Research Institute of Standards and Science.
Additionally, Ecopro Partners and Hyundai Motor Securities will leverage the abundant investment resources of large corporate affiliates to discover excellent corporations in the fields of carbon neutrality and energy.
LSK Investment and NH Venture Investment will focus on discovering corporations in the bio sector, collaborating with Korea Bioinformation Center and Junseong Patent Law Office.
These consortiums are expected to begin full-scale activities next year. With a global track being established in the Scale-up TIPS program from next year, their roles and scope of activities are anticipated to expand.
Kim Woo-soon, the director of the Technology Innovation Policy Bureau at the Ministry of SMEs and Startups, said, 'We will enable more small and venture corporations to challenge the world based on excellent technological capabilities.'