TIPA, Recruitment for Investment Capability Enhancement Program for R&D SMEs

'TIPA ValueUP Program'
Discovering and Nurturing Promising Small and Venture Businesses

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[Asia Economy Reporter Kim Cheol-hyun] The Korea Technology and Information Promotion Agency for SMEs (President Lee Jae-hong, hereinafter TIPA) announced on the 13th that it is recruiting companies to participate in the investment capability enhancement program 'TIPA ValueUP' to revitalize investment attraction for SMEs conducting research and development (R&D).

This program has been operated since 2018 with the purpose of attracting investment for the commercialization of excellent products and technologies developed by small and medium-sized venture companies. Last year, a total of 32 companies attracted investments worth 23.46 billion KRW, achieving tangible results for the commercialization of SMEs conducting R&D.

TIPA discovers and nurtures about 100 promising investment companies annually to strengthen investment support for R&D-performing companies, and so far, more than 340 companies have received investment-related support through this program.

Starting this year, to activate company participation, the restriction on business years within 7 years after establishment has been abolished, and efforts will focus on enhancing the detailed educational programs. This time, about 30 companies will be recruited, with preference given to small and medium-sized venture companies located outside the metropolitan area.

Lee Jae-hong, President of TIPA, said, "This year, through the enhancement of the program, we will provide intensive support so that more small and medium-sized venture companies can receive substantial investment attraction."

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