KOTEC and Innopolis Venture Association Join Hands to Discover Innovative Startups

Utilizing the "K-TOP" Technology Evaluation Platform

The Korea Technology Finance Corporation (KOTEC) is set to discover and nurture promising startups based in research and development (R&D) zones.

On May 21, KOTEC announced that it had signed a "business agreement for the joint discovery of innovative startups in Innopolis Ventures" with the Innopolis Venture Association (IVA) at the D-Unicorn Lounge in Yuseong-gu, Daejeon.

Lee Jaepil, Director of Korea Technology Finance Corporation (sixth from the left), and Cho Wonhee, Chairman of Innopolis Venture Association (fifth from the left), along with other attendees, are taking a commemorative photo at the D-Unicorn Lounge in Yuseong-gu, Daejeon. Photo by Korea Technology Finance Corporation

This agreement aims to discover startups in national high-tech strategic industries that are based in R&D zones and possess strong technological capabilities and high growth potential, while also establishing a systematic foundation for supporting their growth.

IVA is a non-profit organization under the Ministry of SMEs and Startups. It operates various programs centered around R&D zones, including technology commercialization, support for overseas expansion, talent development, and recruitment linkage projects.

The two organizations plan to jointly discover promising startups using KOTEC's open technology evaluation platform, "K-TOP." IVA will support technology commercialization and business participation for the discovered startups, while KOTEC will provide linked support through technology guarantees, technology management consulting, investment recommendations, and both financial and non-financial programs.

In addition, the institutions will move beyond the traditional demand-responsive support model by establishing a collaborative system for proactively discovering and nurturing high-potential startups, and will expand follow-up support programs and new collaborative initiatives to further promote scaling up.

Jaepil Lee, Director of KOTEC, stated, "Through this agreement, we have established a foundation for systematically nurturing innovative startups based in R&D zones. Going forward, we will continue to strengthen support for startups with technological capabilities and growth potential by expanding cooperation with related organizations."

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