TIPA Discovers Promising Small and Medium Enterprises for Investment in Chungcheong and Gangwon Regions

Cooperation with Dedicated Banks for SME R&D Fund Deposits to Support Investment Attraction

The Korea Technology and Information Promotion Agency for SMEs (TIPA) announced on the 28th that it will recruit companies located in Chungcheong, Daejeon, Sejong, and Gangwon regions that are conducting research and development for SMEs to participate in an investment fund support program until the 23rd of next month.

The program participants are companies located in the Chungcheong and Gangwon regions that are currently conducting or have successfully completed SME research and development support projects under the Ministry of SMEs and Startups. Detailed information can be found on the SME Technology Development Project Integrated Management System website.

TIPA will accept applications until the 23rd of next month, review the eligibility of the companies, and then recommend them to IBK Industrial Bank of Korea and Hana Bank, which are dedicated banks for SME research and development. Afterward, the dedicated banks will conduct a document review of the recommended companies, select about 20 companies, and hold an investment briefing session in November to identify companies interested in investment. Following this, investment decisions will be made through follow-up meetings and separate investment evaluations with the interested companies.

Since 2021, TIPA has continuously operated an investment attraction support program in cooperation with dedicated banks to secure investment funds exclusively for research and development companies and to support commercialization. In particular, TIPA is actively promoting the discovery of promising investment companies to stimulate investment in non-metropolitan SMEs that have excellent technology but tend to be marginalized in the investment market.

This year, TIPA has recruited and supported companies wishing to attract investment four times, targeting excellent companies and non-metropolitan companies, and the 5th investment fund support program being recruited this time is the last round of the year.

Kim Young-shin, President of TIPA, said, "We appreciate the great interest and active participation in the four previous investment fund support programs," and added, "TIPA will continue to operate various commercialization support programs, including investment fund support for companies conducting research and development, as a partner of SMEs next year."

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