Public institutions have stepped up to revitalize the frozen investment market! -Signed business agreements with four public institutions in the field of science and technology, including the Foundation-

 

□ Korea Innovation Foundation (President Yang Sung Kwang, hereinafter "Foundation") and public institutions specializing in technology commercialization and investment signed a memorandum of understanding (MOU) on the 9th to support active investment in early start-up companies suffering from the 'Covid-19' crisis.

 

ㅇ This MOU was prepared by INNOPOLIS and three technology holding companies as follow-up measures to a meeting (Video conference) to revitalize technology financing on the 3rd to invigorate investment and secure funds for early start-ups that are suffering from 'Corona 19' and to boost the private investment market in preparation for post-corona.

 

ㅇ Under this agreement, the four contracting institutions plan to activate technology finance within INNOPOLIS by linking seed investments in start-up companies of technology holding companies with INNOPOLIS funds and investments and loans.

 

□ This MOU includes △ Strengthening investment support for companies in the early stages of Business, △ Promoting joint projects between the contracting institutions, △ Linkage to support the growth of companies in the early stages of Business, and △ Willingness to preemptive investment support to revitalize the stagnant investment market, such as discovering other collaboration items.

 

ㅇ As a detailed implementation plan, they will discover start-ups in the early stage that have excellent growth potential but have difficulty in attracting investment and strengthen the cooperative system for investment and loan support by linking investment of technology holding companies with INNOPOLISE funds and technology guarantee funds.

 

ㅇ Besides, the Foundation will actively support corporate growth by matching R&BD projects and global marketing projects for start-ups invested by technology holding companies.

 

ㅇ The Foundation and the three technology holding companies will also promote joint projects from May this year to support start-ups by matching technology and funds from the Business start stage.

 

ㅇ Under this MOU, the four institutions will run the “Working-level council on investment in public technology commercialization” regularly from April to facilitate joint projects.

 

□ Yang Sung-Kwang, the president of the Foundation, said that "we hope that this agreement will boost investments by private venture capitals by creating an active investment environment for companies in INNOPOLISE in the initial (Seed) and Series A stages (the period just before the start-up develops prototypes and hits the market), which are in immediate need of emergency funds due to the 'Covid-19' crisis."