InnoBiz Association and Korea Technology Finance Corporation Sign Technology Innovation Partnership Agreement

The Inno-Biz Association and the Korea Technology Finance Corporation signed a business agreement, and the attendees gathered together to take a commemorative photo.

The Innobiz Association announced on the 7th that it signed a mutual cooperation agreement with the Korea Technology Finance Corporation at the association's main conference room in Seongnam-si, Gyeonggi-do, to create future growth engines for technology-innovative small and medium enterprises (SMEs).

This agreement was established to support technology-innovative SMEs (Innobiz) with technological capabilities and growth potential to newly advance as companies equipped with technology commercialization capabilities through mutual cooperation between the two organizations.

The two organizations plan to jointly promote ▲ utilization of technology evaluation rating models ▲ IP evaluation guarantees and investment-linked commercialization support for excellent technology companies recommended by the association ▲ commercialization support for overseas technology introduction companies recommended by the association and export expansion support based on the association's global network.

Following the signing ceremony, the second part of the event, '2023 INNO Wave IR (KIBO-INNOBIZ scale-up IR),' was held to provide practical investment attraction opportunities for the innovative growth of Innobiz companies. Held under the slogan "Unleashing the Wings of Unicorns for Innobiz Companies!", five outstanding Innobiz companies participated in fields such as secondary battery materials, carbon reduction and energy saving, car wash subscription services, digital medical platforms, and artificial intelligence (AI) unmanned sales systems. Leading domestic venture capital firms including Kibo Venture Investment Finance Center, BNH Partners, Hyundai Investment Partners, Aju IB Investment, Blissby Ventures, and DS Investment Partners also participated. Investment decisions for these companies will be made after future evaluations.

Im Byung-hoon, president of the Innobiz Association, stated, “Thanks to the solid support from Kibo over the past 20 years, the foundation for technological innovation among domestic SMEs has been established.” He added, “Through this agreement, we will create a new corporate innovation strategy that unites supply chains and combines technology development to lay the groundwork for scaling up Innobiz companies.”

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