KISED selects an accelerator with the capability of angel investment and incubation to be a TIPS operator. We provide governmental financial support for R&D and commercialization for promising startups discovered by the investment of TIPS operators.
TIPS startups with exceptional business potential or global access (less than seven years of history) in association
KRW 22.7 billion, around 205 companies
Provide funds to cover the cost of production of prototypes, purchase of equipment, procurement of intellectual property rights and test certifications up to KRW 100 million
Provide financial support for global marketing, overseas exhibitions, incorporation, obtaining local -permits, and etc. up to KRW 100 million
Provide financial support for follow-up commercialization for the elevation of business by 500 million KRW (for 2 years)
679 startup teams were supported from2013 to 2018 as of May, 2019
All year around * Application and assessment for startup commercialization and overseas marketing are run separately