INNOPOLIS Foundation, completed the 3rd INNOPOLIS fund

 Published recruitment of fund operator to vitalize job creation in INNOPOLIS

□ INNOPOLIS foundation announced on 25th that it is beginning to arrange the second INNOPOLIS job creation investment fund(tentative) to support job creation within the companies of INNOPOLIS.

ㅇ The second INNOPOLIS job creation investment fund(tentative) conduct focused investment on companies of INNOPOLIS to pump out growth of businesses with expansion of job creation and overcoming of death valley.

□ As the period of the first job creation investment fund of INNOPOLIS has ended, the foundation established the third INNOPOLIS fund arrangement plan and completed arranging 'INNOPOLIS public technology based fund" last April(April 12, 2017).

□ The second job creation investment fund that is to be arranged is the final step of fund in third INNOPOLIS fund arrangement plan,

ㅇ KRW 20billion which is recovered from the first INNOPOLIS job creation investment fund will be reinvested, and the foundation will receive investment from local governments and private investors to arrange the fund with over KRW 70 billion.

□ There have been various achievements from two funds which foundation arranged.

ㅇ The first fund of INNOPOLIS, the first Daedeok Fund from 2006 to 2013 recorded 9 companies among 27 invested companies being listed on the stock exchange, and recorded internal rate of return of 11.4%,

ㅇ and the second fund of INNOPOLIS, the first job creation investment fund led to 639 new employments from 51 investment companies, and increased average employment rate up to 30% and achieved greatly in job creation.

- Especially, "Corestem", the investment company created 44 jobs (employment growth rate : 338%) and was listed to KOSDAQ in 2015 and currently showing eye-opening growth.

□ Acting chairman Kim Yong Wook of the foundation said "the second job creation investment fund arrangement will not only create high-quality jobs within INNOPOLIS,

ㅇ but also will be the background of creating stable growth and successful cases of companies based on technology. The foundation will do best to consistently secure virtuous cycle ecosystem for technology financing".