POSCO Opens 'Tipstown' to Foster Startups in Pohang

POSCO will collaborate with the Ministry of SMEs and Startups to foster promising technology startup companies.

On the 22nd, POSCO held the opening ceremony of the first non-capital region public-private partnership TIPS Town at 'Change Up Ground Pohang' located in Pohang, together with the Ministry of SMEs and Startups.

TIPS Town, organized by the Korea Institute of Startup & Entrepreneurship Development under the Ministry of SMEs and Startups, is a space dedicated to intensively nurturing technology-based promising startups participating in TIPS. TIPS is a private investment-led technology startup support program operated by the Ministry of SMEs and Startups to foster future promising startups. POSCO previously opened the TIPS Town 'Change Up Ground Seoul' in July 2020.

Pohang TIPS Town consists of 40 independent offices for resident TIPS companies and a shared coworking space, with video conference rooms and rest areas provided to enhance user convenience.

Kim Yong-su, Head of POSCO's Purchasing and Investment Division, said, "We hope that Change Up Ground Pohang will become a hub that discovers technology-based promising venture companies, supports their systematic growth, and produces global unicorns that contribute to revitalizing the national economy and balanced regional development."

Meanwhile, Change Up Ground, operated by POSCO in the Seoul, Pohang, and Gwangyang regions, symbolizes a venture platform based on industry-academia-research cooperation systems such as Pohang University of Science and Technology and the Research Institute of Industrial Science & Technology (RIST), and is the nation's top-level incubating center where startups can freely pursue their entrepreneurial dreams.

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