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).
Startup companies between three and seven years of history as of the date of notice
KRW 84,000 billion, around 1,000 companies
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)
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 )
Apr 5th to May 2nd, 2019