Chairman Kim Jong-ho of Kibo "Expanding the Role as a Catalyst for Venture Investment"

Visit to Investment Company 'Nano Team' on the 26th

[Asia Economy Reporter Kim Cheol-hyun] The Korea Technology Finance Corporation (Kibo) announced that on the 26th, Chairman Kim Jong-ho visited Nanoteam, a specialized electric vehicle battery material company located in Yuseong-gu, Daejeon, to understand the status of directly invested companies in local areas and to promote the 'guarantee-linked investment' system, spending time communicating on-site.

Nanoteam was established in 2016 by CEO Choi Yoon-sung, who holds a Ph.D. in Materials Engineering from the United States. It is a materials, parts, and equipment (SoBuJang) company that commercialized battery heat dissipation materials and secured automobile parts manufacturers as its main clients. Starting as a small enterprise with sales of 1.3 billion KRW in 2017, it grew to achieve sales of 27 billion KRW and employ 103 staff members within four years, and completed the preliminary review application for KOSDAQ listing in June this year.

Kibo highly evaluated Nanoteam's research and development capabilities and technology, supporting the funds needed for technology development at the startup stage through guarantee-linked investment, which served as a catalyst for follow-up investments by private venture investors. Kibo's guarantee-linked investment is a system that supports direct investment linked with guarantees for startups and technology-innovative small and medium enterprises with excellent technology and high growth potential. Since introducing the guarantee-linked investment system in 2006, Kibo has supported 398.3 billion KRW in guarantee-linked investments to technology-innovative SMEs up to the first half of 2022, of which 83% was for startups and 45% for local companies.

Chairman Kim said, "Nanoteam is a startup company that succeeded in domesticating battery heat dissipation material technology and has been recognized for its excellence, becoming a leading player in the rapidly growing electric vehicle industry. As a comprehensive support institution for SMEs, Kibo will continuously expand investments in future strategic industries such as battery materials, playing a catalytic role for private venture investments, and will take the lead in realizing a complete venture ecosystem in line with the new government's national agenda."

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