200 Billion Won Investment in Early-Stage Deep-Tech Companies... Launch of '(Tentatively Named) Innopolis First Deep Fund'

The Ministry of Science and ICT announced on the 29th that, in collaboration with the Innopolis Foundation, it has launched the creation of a 20 billion won (KRW 20 billion) “(tentatively named) Innopolis First Deep Fund” to boost investment in early-stage deep-tech companies, and has begun the process of selecting a fund manager.

Reference photo to aid understanding of the article. In December of last year, key foreign dignitaries visiting the '2025 Korea Tech Festival' held at COEX in Gangnam-gu, Seoul, are viewing a model of carbon reduction technology. Photo by Dongju Yoon

원본보기 아이콘

This fund aims to support the growth of early-stage companies founded on research outcomes within research and development special zones. The selected fund manager will establish the fund by the fourth quarter of this year and operate it for more than 10 years. By not distinguishing between the investment and exit periods, the fund is designed to enable flexible investment in early-stage deep-tech companies.

The main investment targets include early-stage research institute spin-offs, government-funded research institutes, startups established by science and technology institutes, and businesses commercializing public technology.

The fund manager recruitment will be open until May 19, with the final selection scheduled for June. An informational session will also be held in Daejeon on May 7.

Lee Eunyeong, Director of Research Outcomes and Innovation at the Ministry of Science and ICT, said, “We will support deep-tech companies from the early stages so they can overcome the hurdles of technology commercialization and lead the global market.”

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.