TIPA Holds 'TIPA ValueUP Demo Day' for the Second Half of 2022

[Asia Economy Reporter Kim Jong-hwa] The Korea Technology and Information Promotion Agency for SMEs (TIPA) announced that it will hold the second half of 2022 'TIPA ValueUP Demo Day' on the 29th at Tipstown to revitalize investment attraction for SMEs conducting research and development (R&D).

The TIPA ValueUP program has been operating since 2018 with the goal of supporting investment attraction for the commercialization of excellent products and technologies developed by small and medium-sized ventures, helping them grow into unicorn companies. Every year, 100 promising companies are selected, and customized IR training is provided. Regular investment briefings targeting domestic and international venture capitalists (VCs) are held to offer more investment opportunities.

Last year, a total of 24 companies attracted investments amounting to 24.26 billion KRW, achieving concrete results in supporting the innovative growth of small and medium-sized ventures. For example, company V, selected last year, attracted 4.2 billion KRW in investment funds and has created various outcomes such as government project linkage and technology transfer contracts.

A total of 15 R&D companies and 15 venture investors will participate in this TIPA ValueUP Demo Day. Participating companies include Picureit Co., Ltd. (AI-based knowledge curation), Starflex VR Co., Ltd. (K-POP VR content), and Jastech M Co., Ltd. (automotive IoT devices and data hub services). These are investment-promising companies that have received separate IR mentoring to participate in this demo day.

The investment-promising companies participating in the second half of 2022 TIPA ValueUP Demo Day will have opportunities to meet various investment institutions not only through face-to-face IR sessions targeting VCs but also during separately arranged networking times throughout the event.

Lee Jae-hong, Director of TIPA, said, "We will relax the eligibility criteria for the TIPA ValueUP program currently targeting startup companies, so that more small and medium-sized ventures will have opportunities to grow through investment attraction in the future."

Meanwhile, the TIPA ValueUP program selects promising investment companies three times a year, and recruitment for the third round of participants (11th class) is scheduled to begin in early October. The eligibility criteria, which previously limited applicants to companies within seven years of establishment among SMEs conducting R&D, have been relaxed to allow applications regardless of company age. Detailed information on application methods and selection procedures can be found in the notices section of the SME Technology Development Integrated Management System.

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