Last Friday, Small and Medium Business Administration (SMBA) held an informational session on Tech Incubator Program for Startup (TIPS) for 2015 at MARU 180, a startup incubating institution in Gangnam Seoul. The session drew more than 600 people from various fields of business.
During the session, SMBA briefly explained their history and how accepted startups can benefit from their program. The 14 partners of TIPS, who also serve as mentors throughout the program, were also introduced. A few of the following partners/mentors include:
The goal of TIPS is to nurture viable startups to go global through its program. New entrepreneurs are given training and mentorship on business by being matched with venture capitalists, angel investors and accelerators.The Israel-style tech incubation program first launched in August 2013 and has funded up to 7-8 startups in each batch. The funds include contributions from both private sectors and the government. The qualifying startup will receive at most $1 million worth of government and private sector money.
At least 8 startups raised $4.9 million by foreign venture capitalists and given opportunities to enter an overseas market.
Sungho Choo email@example.com