Selected as '2020 TIPS Operator'..."Evaluation of Investment and Incubation Capabilities"
[Asia Economy Reporter Kim Daeseop] The Ministry of SMEs and Startups announced on the 28th that it will publicize the '2020 TIPS Operator Selection Plan.'
When selecting new TIPS operators this time, applicants will be required to submit investment strategies and plans tailored to the post-COVID-19 era, with a focus on evaluating strategic investment and incubation capabilities. Ultimately, around 10 new operators will be selected.
TIPS is a private-led technology startup program jointly operated by the private sector and the government to discover and nurture promising entrepreneurs, providing linked support such as research and development (R&D) funds, commercialization funds, and overseas marketing expenses.
Operators play the role of selecting and nurturing promising startup teams through angel investments of around 100 million KRW and recommending them to be finally selected for TIPS.
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Since its introduction in 2013, TIPS has nurtured a total of 934 startup teams. It has achieved the result of attracting a total of 2.6323 trillion KRW domestically and internationally. Detailed information about the operator selection can be found on the TIPS website or through the managing organization, the Korea Angel Investment Association.
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