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Programs

Startup Scale-Up Package

KISED provides funds and services for promotion of growth, and overcoming the ‘death valley’ of startups in the scale-up phase (3 to 7 years).

Project
Summary

Eligibility

Startup companies between three and seven years of history as of the date of notice

Scale of Support

KRW 84,000 billion, around 1,000 companies

Type of Support
Commercialization support

Divide into two groups: ‘scale-up’ and overcoming ‘death valley group and offer tailored support for the growth of technology-based startups in scale-up-stage (between 3 to 7 years) (around 350 companies, up to KRW 300 million)

Growth Promotion Support

Operate performance-based programs designed to promote the growth of promising startups using selection and concentration strategies (around 650 companies, up to KRW 100 million )

Status
  • (2017) 21 H and 1,948 startups (commercialization: 813 companies; growth promotion: 1,135 companies)
  • (2018) 24 H and 1,944 startups (commercialization: 439 companies; growth promotion: 1,505 companies)

Procedure

    • Notice
      Ministry of SMEs and KISED
    • Application and Registration (startups)
      K-Startup
    • Review and Selection
      KISED-KISED, Hosting institution-Hosting institution
    • Contract conclusion and offer operating expenses
      KISED- Hosting institution- Startup
    • Submit a project plan draft and prepare for MOU
      Submit project plan draft, and secure Matching fund for startups
    • Examination of Candidates and Notice of Selection
      K-Startup website
    • Project Execution
      Startup
    • Midterm (on-demand) report and checkup
      Startup and hosting institution-hosting institution
    • Final report and checkup
      Startup, hosting institution and KISED

Participation
Method

Application
Period

Apr 5th to May 2nd, 2019

Required
Documents

Project plan

Contact

Director General for Startup Promotion Policy in the Technical Startup Category (Ministry of SMEs and Startups)
Startup Scale-up Dept., Startup Growth Category (KISED)-