TIPA, Support for Investment Attraction in Technology Development SMEs

[Asia Economy Reporter Kim Jonghwa] The Korea Technology and Information Promotion Agency for SMEs (TIPA) is supporting the activation of investment attraction for small and medium-sized enterprises (SMEs) engaged in technological innovation and research and development (R&D).

On the 10th, TIPA announced that it is recruiting the first round of participating companies for 2022 in the 'TIPA ValueUP' program, an investment capacity enhancement program to activate investment attraction for R&D-performing companies, until the 8th of next month.

The TIPA ValueUP program has been operating since 2018 to support the growth of small and medium ventures into unicorn companies by supporting investment attraction for the commercialization of excellent products and technologies developed by SMEs. Last year, 24 companies attracted investments totaling 24.26 billion KRW, providing practical help for the commercialization of R&D-performing SMEs.

To strengthen investment support for R&D-performing companies, TIPA discovers and nurtures about 100 promising investment companies annually, and currently, over 240 companies have received investment-related support through TIPA ValueUP.

The first round of this year's TIPA ValueUP program (9th term) plans to recruit about 30 promising investment companies, with a special preference for small and medium ventures located outside the metropolitan area, which face difficulties in attracting actual investments in the investment market.

Selected companies will receive programs including diagnostic consulting for individual company status analysis, 1:1 VC investment consulting to enhance IR materials, and monthly sector-specific investment attraction briefings. Companies participating in the TIPA ValueUP program also have opportunities to attract private bank fund investments through recommendations and participate in investment briefings linked to the Korea Fund of Funds through cooperation with related organizations.

Lee Jae-hong, President of TIPA, said, "Good results have been continuously produced through the TIPA ValueUP program," adding, "Especially this year, we will make greater efforts to help small and medium ventures located outside the metropolitan area grow through investment attraction."

Applications are open until the 8th of next month, and detailed information can be found through the Comprehensive Management System for SME Technology Development Projects.

This content was produced with the assistance of AI translation services.