보도 일시	From development	배포 일자	`20.7.29(Wed)
담당 부서	Social Value Management Division, Business Planning Team

Foundation, six start-ups by researchers through planned start-ups, attracted 4.6 billion won of investment at the same time as the start-up

-Organized a dream team that can plan Technology+Market+BM through collaboration with company builders-

-The number of government-funded research institutes participating in researchers' start-up has increased from four to seven-

□ Korea Innovation Foundation (President Yang Sung Kang, hereinafter "Foundation") announced that it has initiated 6 researcher startups through a pilot project over the past year and has attracted 4.6 billion won in funding at the same time as the startup at the “Planned start-up support project” performance report on the 29th (Wed)

ㅇ The Foundation additionally announced, "To spur the promotion of public technology-based startups in INNOPOIS,  we would expand and operate Government-Funded Research Institutes from 4 to 7, and signed a business cooperation MOU with 3 additional institutions.

□ The planned start-up support project is not just a support (education, mentoring) for researchers' start-ups, and it is characterized by the fact that company builders participate with researchers in the early stages of start-ups such as planning, team formation, business model development, and follow-up investment to form a dream team that enables “technology + market + business model planning.”

ㅇ The start-up of researchers is having many difficulties in entering the market and attracting investment as it is a business model that requires prototyping, mass production, and certification.

ㅇ To solve such problems, researchers and company builders were able to reduce many trials and errors by planning together from the initial stage, which led to attracting investment at the same time as the start-up.

ㅇ In particular, this project is meaningful because it leads the start-up fever of public technology by discovering 28 start-up items in Government-Funded Research Institutes through the difficulties of "Covid-19," creating six start-ups* and attracting 4.6 billion won in investment.

□ The Foundation plans to expand the "Planned start-up support project," which was operated on a pilot basis, to further promote public technology-based start-ups within INNOPOLIS.

ㅇ To this end, government-funded research institutes participating in this project will be expanded from the existing four institutions to seven by adding three institutions to continue to support early start-ups to have competitiveness through R&BD of planned start-ups.

□ Yang Sung-Kwang, president of the Foundation, said, "We will continue to make efforts to ensure that the Foundation plays the key role in supporting start-ups based on public technology through more active and preemptive projects so that high-quality start-ups may continue.".

Attachment1		Photo

(Photo) Scene of signing a mutual cooperation agreement to promote public technology-based start-ups (From the left, Kim Jong-Nam, director of the Korea Institute of Energy Technology, Lee Nak-Kyu, director of the Korea Institute of Production and Technology, Choi Hee-Yoon, president of the Korea Institute of Science and Technology Information, and Yang Sung-Kwang, chairman of the INNOPOLIS Foundation.

(Photo) A photoshoot after signing a mutual cooperation agreement to promote public technology-based start-ups. (From the left, Yang Sung-Kwang, chairman of the INNOPOLIS Foundation, Choi Hee-Yoon, president of the Korea Institute of Science and Technology Information, Lee Nak-Kyu, of the director of Korea Institute of Production and Technology, and Kim Jong-Nam, president of the Korea Institute of Energy Technology.)

붙임 2		Overview of Planned Start-up Support Project

□ Background

ㅇ Using public technology, company builders (team formation + management + investment) and researchers (appearance) plan a large-scale startup aiming at the global market, and

ㅇ To support the fostering and growth of start-ups based on public technology, focusing support such as government R&BD in connection with investment

□ Project details

ㅇ (Project period) Pilot project from July 2019 to March 2021/Full-scale project  after June, 2020

ㅇ Establishing public technology-based start-ups by planning an intensive fostering process of excavation→reification →advancing, jointly with the company builder for the start-up demand discovered by government-funded research institutes

ㅇ Discovering 28 start-up items in the Government-Funded Research Institutes and supporting the advancement of 9 start-up items

Discovering start-up items (Government-funded research institute/company builder)		Support for the advancement of start-up items (Foundation, Company builder)
Government-funded Research Institute (4) and company builders jointly discover start-up items		Verification of technology and feasibility → Selection of start-up items, the materialization of start-up items and support for prototype production, etc.
28 items		9 items