FuturePlay Selected as 'Excellent' TIPS Operator for 11 Consecutive Years

Numerous Startup IPOs and M&As Based on Investments
Received 'Excellent' Ratings for All Five Extensions Since Second TIPS Cohort

On May 21, FuturePlay announced, "As an operator of the private-led technology startup support program 'TIPS,' we have proven our unrivaled achievements in the tech startup ecosystem by receiving top evaluations for 11 consecutive years."

Since being selected as a second cohort operator of TIPS in 2014, FuturePlay has received an 'Excellent' rating every time during a total of five extension periods (3 years + 3 years + 3 years + 2 years + 2 years). This is a rare example of consistently maintaining top evaluation results among TIPS operators.

FuturePlay TIPS 11 Years Achievements Infographic. FuturePlay

FuturePlay does not stop at initial investments, but also actively provides follow-up funding tailored to the growth stages and needs of startup teams, offering intensive support for company scale-up. To date, the cumulative investment made through the TIPS program amounts to KRW 80.3 billion (KRW 36.7 billion in initial investments and KRW 43.6 billion in follow-up investments after TIPS selection). This is the highest level among TIPS operators in terms of investment volume.

FuturePlay has established a systematic investment roadmap that organically links government support with private investment, based on its dual licenses as an accelerator (AC) and venture capital (VC). Led by senior manager Park Solip, who holds a doctorate in technology entrepreneurship and has published research papers on the TIPS system, the company designs hands-on startup support strategies to provide close assistance throughout the entire cycle, from early-stage startups to scale-up.

Portfolio companies are also achieving remarkable results. Companies such as Noeul, SOSLAB, and Innospace have successfully gone public through IPOs, demonstrating their technological capabilities and business viability. EPD Biotherapeutics and Manned On Demand were each acquired by Genexine and MaeumAI, respectively, resulting in strategic mergers and acquisitions (M&A) and delivering business achievements and growth outcomes.

FuturePlay CEO Kwon Ohyung stated, "As the startup ecosystem is expanding globally, the connection between TIPS and overseas expansion is becoming increasingly important. FuturePlay will further advance its support system for entrepreneurs' practical scale-up and market entry by leveraging new incubation spaces in the Gangnam area and its global network."

A FuturePlay representative added, "We will continue to respond to the government's technology startup development policies as an outstanding TIPS operator, and will keep expanding our private cooperation model that leads to tangible results in the field. We are committed to making a real contribution to the growth of promising startups and their entry into the global market."

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