Soongsil University Campus Town Project Group Conducts Intensive Training for TIPS Selection

Upcoming Second Half Course in August

Soonchunhyang University announced on the 15th that the Soonchunhyang University Campustown Project Group conducted an 'Intensive Training for TIPS Selection.'

Soongsil University Startup Support Group is conducting an intensive training program for campus town resident companies to be selected for TIPS.
[Photo by Soongsil University]

This training was held over a total of five days in April and May as part of the 2024 Seoul Campustown Project program. The 'TIPS Program' (Technology Incubator Program for Startups, modeled after the Israeli private investment-led technology startup support) is a program that selects startup teams led by the private sector and intensively nurtures them into promising future startups.

Selected startup teams can receive pre-investment and incubation from professional private investors, and through recommendations from TIPS operators, they can receive research and development (R&D) funding from the Ministry of SMEs and Startups. After government screening and final selection, deep-tech TIPS can receive up to 1.5 billion KRW, and scale-up TIPS through matching investment can receive up to 2 billion KRW in support.

Based on its experience in producing TIPS-selected companies, the Soonchunhyang University Campustown Project Group conducted this training to help resident companies at the university get selected for TIPS and expand their business scale. The training content was designed considering connections with various ongoing programs run by the project group.

In the common training, topics such as an overview of TIPS, this year's revised items, recent trends, business plan writing, and TIPS-specialized investment attraction strategies were covered. Additionally, among the companies participating in the common training, six companies with high potential for TIPS selection were selected to practice IR pitching with mentors composed of representatives or evaluators from current TIPS operators, accelerators (AC), and venture capitals (VC) who have investment portfolios matching the companies' business types and specialties. Afterwards, specific guidance was provided through one-on-one mentoring to suggest directions for the companies.

The Soonchunhyang University Campustown Project Group plans to operate the second half of the program in August as well, inviting high-quality instructors and mentors for resident companies in the university's Campustown.

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