Kibo Supports Guarantee-Linked Investment in NexGen Power

Selected for the '2023 BIRD Program'

The Korea Technology Finance Corporation (Chairman Kim Jong-ho, hereinafter Kibo) announced on the 1st that among the 48 companies selected for the R&D-linked loan '2023 BIRD Program,' NexGen Power has been selected as a guarantee-linked investment support target company and will receive an investment of 2 billion KRW.

Guarantee-linked investment is a system that activates direct financing for small and medium-sized enterprises (SMEs) by Kibo directly investing in technology innovation leading SMEs with excellent technological performance and business feasibility, linked with guarantees. Kibo gives preferential treatment to companies selected in the first stage of the BIRD (Bridge for Innovative R&D) program as priority candidates for guarantee-linked investment screening.

NexGen Power is a fabless company focusing on the design of power semiconductors for electric vehicles and energy efficiency, currently developing technology and commercializing it. Recognized for its differentiated technology that can flexibly design power semiconductors for energy conversion according to customer requirements, it was selected as a second-stage support company of the BIRD program and as a guarantee-linked investment support target.

Kim Jong-ho, Chairman of Kibo, said, "The BIRD program is an innovative project that promotes high-growth scale-up of technology SMEs through full-cycle R&D support linked with loans and grants," adding, "By linking investment with Kibo's guarantee support to further enhance synergy, we will take the lead in creating an innovative growth ecosystem for SMEs."

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