The Ministry of SMEs and Startups (Minister Oh Young-joo, hereinafter referred to as the Ministry of SMEs and Startups) announced that it held a 'TIPS Family Day' on the 8th at the L Tower in Yangjae-dong, Seoul, with approximately 400 people in attendance, including TIPS operators, selected companies, support organizations, and experts.
This event was centered around the operators who have successfully operated TIPS, and provided a forum to share the achievements of the TIPS program and discuss future development directions, including expert presentations on the contributions and achievements of TIPS in the startup ecosystem ▲sharing of TIPS policy directions and future plans for 25 years ▲introduction of the operation directions of newly selected TIPS host organizations ▲reverse pitching of excellent programs by operators.
TIPS is a system in which an operator selected by the Ministry of SMEs and Startups utilizes private sector expertise and capabilities to select startups, and the government provides support in the form of technology development (R&D) and startup commercialization funds. To date, over 3,700 startups have received support, attracting follow-up investments worth KRW 15.8 trillion and creating a total of 23,000 new jobs, establishing it as a representative program of public-private cooperation.
In addition, the TIPS program is recognized not only domestically but also internationally for its excellent performance, as CB Insights, an American data analysis and research organization, selected TIPS as one of the top 4 global accelerators.
At the event, the main requirements for the 'TIPS Global R&D Track', which will be newly established from '25, were explained based on the 'TIPS Next Strategy' established at the end of 24. In addition, the contents of strengthening the linkage centered on the support and nurturing performance of operators, such as additional support for commercialization funds linked to follow-up investment by operators, etc. were explained.
In addition, the newly selected operating organizations through the 25-year public offering explained the future direction of support for TIPS companies. The Venture Capital Association, which has strengths in supporting follow-up investments for companies, and the Angel Investment Association, which has strengths in supporting incubation and customized programs for companies, introduced TIPS company support plans based on the characteristics of each organization.
Through reverse pitching, which introduces key success factors of the TIPS business, such as global support and patent support, key specialized programs of the operators, we also had time to share and benchmark excellent programs of the TIPS operators. In addition, we explained the specialized operator designation plan that shares excellent programs and operators with strengths in global expansion support, etc. with other TIPS companies in addition to the operators’ portfolio companies.
Minister Oh Young-joo said, “The success of the TIPS program is thanks to the operator’s vision to invest in the potential of startups while taking on the risk of failure based on the possibility of technology, as well as their efforts to closely support the invested companies.” He added, “I hope that the TIPS program will advance to the next level and the synergy of public-private cooperation will be further strengthened through sharing the major achievements of the TIPS project and future policy directions.”
Meanwhile, the Ministry of SMEs and Startups has begun follow-up measures in earnest since the 2025 TIPS integrated announcement (4.9) through this TIPS operator workshop and the pre- and post-TIPS business announcement.
Key changes include: ▲ Pretips will be reorganized into a track exclusively for local businesses, which is expected to contribute to the revitalization of local startups by providing support to local startups that have received investment from the Creative Economy Innovation Center. ▲ Posttips will provide preferential support of up to 700 million won to companies that have achieved the best results among successful TIPS companies, thereby contributing to the scale-up growth of TIPS companies.
For more detailed information, please check the recruitment notice on the K-Startup website or contact the integrated call center (☏ 1357).
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