CrossHub announced on the 16th that it was finally selected for the 'Deep Tech Tips R&D Project' supported by the Ministry of SMEs and Startups.
Deep Tech Tips is a public-private collaborative support project that provides up to 1.7 billion won in research and development (R&D) funding and related programs to startups with technological competitiveness in 10 government-designated hyper-gap fields.
CrossHub is a startup developing a global identity authentication service based on ultra-gap technology, and is one of the few companies currently conducting proof-of-concept (PoC) trials with major domestic financial institutions.
Founded in 2023, Crosshub secured seed funding from four major domestic investors within a year, including the "Jeonbuk Early Investment Crypton Innovation Fund," jointly managed by Crypton and the Jeonbuk Center for Creative Economy and Innovation. Furthermore, the company secured approximately KRW 4.6 billion in R&D funding in the first half of the year alone, including selection for the Korea Credit Guarantee Fund's technology startup support program, "Little Penguin."
With this selection as a DeepTech Tip, CrossHub plans to enhance its AI-based identity authentication solution, 'IDBlock', while also commercializing related technologies such as the blockchain-based easy payment system, 'B-Pay', and the global remittance service, 'Remit Payment'.
Lee Jin-woo, CrossHub's Chief Information Security Officer (CISO), said, "This selection is a result of external recognition of our technological prowess and R&D capabilities," and added, "We will accelerate our expansion into the global market by recruiting key talent and advancing our technology."
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