SYP-Korea Science and Technology Group to Create 'Future Unicorn Plann…
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Name admin Views 2,309 Datetime 23-11-24 19:00SYP and Korea Science and Technology Holdings recently agreed to cooperate in creating a Future Unicorn Planning and Startup Fund. The fund will be formed with a focus on supporting early market settlement and smooth follow-up investment by early start-ups or preliminary start-ups based on the technology of state-funded research institutes.
Based on their respective expertise, each institution plans to form a "start-up project team" for each industry to closely examine the feasibility of the discovered items, and to support practical corporate construction, investment attraction, and global commercialization network connection. This support is expected to play an important role in resolving various difficulties in the early stages of start-ups and helping start-ups quickly enter the market.
Meanwhile, the Korea Advanced Institute of Science and Technology (KST) unveiled its achievements in celebration of its 10th anniversary. Over the past decade, KST has invested 56.6 billion won in 142 companies and recovered about 34 billion won, earning 209% of the investment principal. KST focuses on fostering deep-tech (high-tech) companies, and the invested companies lead innovation in various fields such as bio, health, eco-friendly, energy, big data, AI, and robots.
This achievement of KST is expected to further highlight the importance of the Future Unicorn Planning and Startup Fund, in which SYP participates, and to contribute to laying the foundation for innovative Korean companies to shine more.
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