VC Association and Samil PwC Sign MOU to Operate Startup Development Program

Joint Operation of TIPS and Scale-up TIPS Company Programs

The Korea Venture Capital Association (hereinafter referred to as the VC Association) announced on May 6 that it has signed a strategic memorandum of understanding (MOU) with Samil PwC to operate startup development and education programs.

The signing ceremony, held at 11:00 a.m. at the VC Association in Seocho-gu, Seoul, was attended by Lee Junhee, Executive Vice President of the VC Association, as well as Lee Dosin, Head of the Unicorn Support Center at Samil PwC, and other key officials from both sides.

This agreement has been established to jointly plan and operate competency enhancement programs for companies selected under the TIPS and Scale-up TIPS programs. TIPS is a private investment-led program in which private investors identify and invest in promising tech startups first, and the government subsequently provides research and development (R&D) and commercialization funding. The Scale-up TIPS program focuses on providing investment, R&D, and technology commercialization support to promising small and medium-sized venture companies that have moved beyond the early stage and require full-scale growth.

Under this agreement, the two organizations plan to carry out support programs for companies selected for TIPS and Scale-up TIPS, covering the entire startup growth cycle. This includes discovering and screening outstanding companies, providing professional management consulting and mentoring, hosting networking events, and facilitating investment connections.

The VC Association aims to strengthen the growth foundation of promising companies by leveraging its extensive venture capital network, while Samil PwC will provide specialized consulting expertise. Samil PwC also plans to advance its support model based on the data and insights accumulated during program operations so that it can be applied to more startups.

Lee Junhee, Executive Vice President of the VC Association, stated, "For promising startups to grow into the scale-up stage, systematic support across all aspects of management, beyond simple investment, is crucial. Through our collaboration with Samil PwC, we will continue to reinforce the cooperation platform that connects the venture capital industry with startups."

Lee Dosin, Head of the Unicorn Support Center at Samil PwC, commented, "Through this agreement, we will establish a foundation for promising scale-up stage startups to take the next leap forward through systematic mentoring and investment connections. By combining the VC Association's venture capital network and Samil PwC's professional capabilities, we aim to create a collaborative model that leads to tangible results."

The educational program jointly operated by the two organizations is scheduled to begin recruitment in May. Further details can be found on the Korea Venture Capital Association website.

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