SYP Co., Ltd. has been selected as the fourth operator of Scale-Up TIPS organized by the Ministry of SMEs and Startups. Scale-up TIPS is a technology start-up support program that the government supports after-matching when private operators discover promising companies in the scale-up stage and make pre-investments.

If a private operator invests more than 1 billion won, the government will invest up to 2 billion won in 1:1 matching in the operator's investment and provide up to 1.2 billion won in R&D funds for an additional three years. Through such support, up to 5.2 billion won can be provided by adding matching investments and R&D funds from private operators and the government.

A total of 66 companies were selected through the program from November 2021 to May 2023, and the government provided a total of 77.2 billion won in matching with the operator's total investment of 98.1 billion won.

SYP, Inc.  is expected to demonstrate its strength in commercializing public technology with Magna Investment, K2 Investment Partners, and Born2 Global, and plans to create synergy through this.

With this selection, SYP Co., Ltd. plans to take the lead in discovering and supporting excellent technology startups. 

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