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Programs

Tech Incubation Program for Startup (TIPS)

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.

Project
Summary

Eligibility

TIPS startups with exceptional business potential or global access (less than seven years of history) in association

Scale of Support

KRW 22.7 billion, around 205 companies

Type of Support
Startup Commercialization

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

Overseas Marketing

Provide financial support for global marketing, overseas exhibitions, incorporation, obtaining local -permits, and etc. up to KRW 100 million

Post-TIPS

Provide financial support for follow-up commercialization for the elevation of business by 500 million KRW (for 2 years)

Status

679 startup teams were supported from2013 to 2018 as of May, 2019

Procedure

  • STEP 01 Application
  • STEP 02 Evaluation & Selection
  • STEP 03 Sign a MOU
  • STEP 04 Financial Support
  • STEP 05 Midterm Checkup and Assessment
  • STEP 06 Final Checkup and Assessment
  • STEP 07 Follow-up

Participation
Method

Application
Period

All year around * Application and assessment for startup commercialization and overseas marketing are run separately

Required
Document

Project plan

Contact

Technical Startup Category (Ministry of SMEs and Startups)
Private-Public Cooperation Dept. KISED