Sejong Center for Creative Economy and Innovation (CEO Oh Deuk-chang, hereinafter referred to as Sejong Center) announced that it has completed direct investment in ST Works Co., Ltd. (CEO Hwang Hoon), which possesses smart window innovation technology, and has supported the discovery and growth of local early-stage startups through recommendations for the Ministry of SMEs and Startups' Pre-TIPS program.
ST Works Co., Ltd. is a technology startup that has developed a reverse-driving PNLC (Polymer Network Liquid Crystal) smart tinting film. This film has overcome the limitations of existing smart windows and demonstrated its applicability in the architectural and mobility markets. Notably, the film maintains an opaque state after power is applied, and it boasts an operating speed of less than one second, a wide viewing angle, and excellent heat blocking performance, securing innovative features that meet the growing demand for energy savings and eco-friendliness.
Through this investment, the Sejong Center provided regional support for the company's mass production system establishment and market validation (PoC) process. Furthermore, through selection as a Pretips company in the first year of operation, the center helped secure commercialization funds and establish a foundation for attracting CVC investment. Through this, ST Works expects to accelerate technology commercialization and global expansion.
A Sejong Center official said, “This case is not limited to simple financial investment, but is the result of implementing a growth ladder that connects pre-investment through discovery of local startups and linkage with government support projects,” adding, “We will continue to spare no investment and support so that excellent startups in the Sejong and Chungcheong regions can grow into national and global companies.”
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