Makemake, operator of the longevity K-beauty tech brand "SOOO," has been selected for the TIPS program, a technology startup support program run by the Ministry of SMEs and Startups. Makemake was selected upon recommendation from accelerator Blue Point Partners.
With this selection, Makemake will receive up to 500 million won in funding over two years, and an additional 200 million won in support for startup commercialization and overseas marketing.
Through this TIPS project, Makemake will embark on developing an upcycling technology that transforms marine byproducts into high-value anti-aging beauty ingredients. Utilizing a proprietary sequential extraction technology, the company will refine natural polyphenols and carotenoids from marine byproducts like sea squirt into a high-purity antioxidant and anti-aging complex. The goal is to enhance skin affinity and stability compared to existing antioxidant ingredients.
Bluepoint Partners' Senior Analyst, Ahn Hui-jae, commented, "Markemake has the potential to scale up into the longevity market based on its proven brand competitiveness in niche markets."
Kwak Hyo-seop, CEO of Makemake, said, “Through this TIPS project, we will realize sustainable K-beauty tech-based longevity innovation and accelerate our entry into the North American and EU markets.”
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