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Programs

Internal Corporate Venture Program

KISED provides funds and services needed for commercialization and growth of startups (teams)

Project
Summary

Eligibility
  • In-house venture teams consisting of 2 or more teammates (Pre-startup companies) under training by a currently operating company
  • Startup companies within 3 years of spin-off from operating companies
Scale of Support

KRW 20 billion, Around 150 companies

(Commercialization:100, Proof of commercialization: 50)

Type of Support

In-house venture groups or spin-off startups discovered and recommended by a currently operating company are supported with commercialization costs, R&D costs, etc.

지원내용 표
구분, 지원대상, 지원내용(예정), 운영기업협력으로 구분하여 안내합니다.
Category Eligibility Type of Support (scheduled) Cooperation with Entrepreneurs
Commercialization In-house Venture Teams ① support for max. 1 year with 100 million KRW (governmental) + matching with an entrepreneur (100 million KRW) 100 teams Matching grant (mandatory)
sSpin-off startups ① support for max. 1 year with 100 million KRW (governmental) + Private contribution (over 30%) + cooperative investment of entrepreneurs (under 30%) or cooperative support (mandatory) Investment in shares(30% or less) or a partnership(Mandatory)
R&D association* -Spin-off startups (4IR Field) ① support for max. 2 year with 400 million KRW (governmental support under 80% + over 20% of private investment) (30 companies) Partnership(voluntary)
* Specific details (including conditions and procedure of selection) shall be notified separately

Procedure

  • STEP 01 Notice of recruitment for in-house venture teams and spin-off
  • STEP 02 Recommendation of in-house venture teams and spin-off startups
  • STEP 03 Selection and support of in-house venture teams and spin-off startups

Participation
Method

Application
Period

Feburary ~ March

Required
Document

Application form, project plan, etc

Contact

Technical Startup Category (Ministry of SMEs and Startups)
Office of Startup Cooperation Strategy, KISED