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Programs

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 200 companies

Type of Support

1. Direct Support
Commercialization

Grants for commercialization of items up to KRW 100M (Average KRW 85M).

AC Association

Support the entire process of successful commercialization of in-house venture teams and spin-off startups through accelerator matching.

Event & Training

Hold events and training sessions for startup teams (companies) to create and propagate in-house venture culture.

Certification Funding (follow-up support)

Grants for test certification, consumer verification, etc. (up to KRW 200M)


2. Indirect Support

Support from Parent Company

Technology & management mentoring, testing & production facility, distribution channel, etc.

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
Documents

Application form, project plan, etc

Contact

Office of Startup Cooperation Strategy (KISED) Tel. 042-480-4410, bmkoo@kised.or.kr