Hoseo University Industry-Academic Cooperation Foundation Selected as TIPS Operator by Ministry of SMEs and Startups

Focused Support for Three Key Ultra-Gap Sectors and Core Industries in Chungnam

Hoseo University announced on the 29th that its Industry-Academic Cooperation Foundation has been selected as a preliminary operator for TIPS (Tech Incubator Program for Startup Korea) by the Ministry of SMEs and Startups, marking the first time a university industry-academic cooperation foundation has achieved this.

TIPS is a technology startup support program that discovers and supports promising startups in collaboration with the government. TIPS operators play a pivotal role in nurturing startups by providing funding, mentoring, and networking opportunities.

The Hoseo University Industry-Academic Cooperation Foundation plans to discover and support startups mainly in the three leading technology sectors?system semiconductors, mobility, and bio-health?and in the three major industries of the Chungnam region?display, high-performance green bio, and smart farm.

Startups can receive investment support ranging from 100 million to 200 million KRW from the Hoseo University Industry-Academic Cooperation Foundation, as well as up to 700 million KRW in government funding.

Seo Wonkyu, head of the Industry-Academic Cooperation Foundation, said, "We aim to support outstanding entrepreneurs in the leading technology sectors by establishing a specialized support system for each stage of the startup investment cycle."

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