The Sejong Center for Creative Economy and Innovation announced that investment company Elmerty Co., Ltd. has been selected for the Ministry of SMEs and Startups' Pre-TIPS program.
Elmerty Co., Ltd. develops eco-friendly, flame-retardant adhesive materials for heat- and shock-resistant identification labels. It possesses technology that delivers stable, long-term label performance based on high performance and reliability. This technology is expected to serve as a key solution supporting the establishment of a sustainable management system and process innovation in the waste battery market.
Elmerty secured seed funding from the Sejong Center for Creative Economy and Innovation this year. Following the center's recommendation, the company was selected for Pretips (Pretips) and secured KRW 100 million in commercialization funding. Furthermore, the company successfully secured joint investment from private venture capital firms and was selected for the TIPS program, which provides up to KRW 700 million in R&D funding over the next three years. This marked the completion of its first round of funding.
The secured funds will be used to advance dual-cure adhesive technology. This technology, a high-performance adhesive material utilizing a dual-cure mechanism involving heat and ultraviolet light, features controllable adhesive strength depending on the process step. It maintains strong adhesive strength during the initial process, while in the subsequent process, ultraviolet light irradiation lowers the adhesive strength, enabling residue-free removal during precision processes such as wafer processing. This is expected to lead to expansion into high-value-added industries such as semiconductors and displays, and to strengthen industrial competitiveness through domestic production.
An official from the Sejong Center for Creative Economy and Innovation stated, “This is a case that shows that the strategy of discovering regional early-stage technology companies and linking them with stage-by-stage investments and policy funds is leading to tangible growth results.” He added, “We plan to continue to support securing technological competitiveness and market stabilization through a growth support system that extends from seed investment to linking with government R&D programs and attracting follow-up investment.”
Kim Jeong-ryeol, CEO of Elmerty, said, “Based on the seed investment from Sejong Center, we focused on technological advancement and achieved the results of being selected for FreeTips and Tips.” He added, “Based on the secured funds, we will steadily enter the high value-added market and grow into a materials specialist company with competitiveness in the global market.”
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