Nucode selected as 17th Startup Nest by Credit Guarantee Fund

Nucode (CEO Gwan-hyung Lee) , a low-power communication module manufacturing company, announced that it was selected for the 17th Start-up NEST, a startup incubation platform hosted by the Korea Credit Guarantee Fund.

Startup Nest is a representative domestic startup fostering program hosted by the Korea Credit Guarantee Fund. It is known to discover promising startups among those founded within the past three years in the field of innovation growth related to the 4th industrial revolution, and provide support in the form of acceleration, finance, and non-financial services.

Selected companies will receive direct credit guarantees, investment attraction support, overseas expansion support, advertising marketing support, etc.
Customized programs are provided for each stage of growth.

Nucode is a domestic module manufacturing company that is collaborating with global semiconductor companies such as Nordic Semiconductor and Infineon. It specializes in developing and manufacturing wireless communication modules that are key to IoT product development, such as low-power Bluetooth (BLE) and low-power Wi-Fi, and is recognized for its high level of technology in the IoT and smart device fields.

This selection for the 17th Startup Nest is significant in that it provides a foundation for Nucode to further strengthen its technological competitiveness in the low-power communication module sector. It is the result of recognition of Nucode’s differentiated wireless communication technology and market potential, and it is expected that the systematic support of the Credit Guarantee Fund will have a positive impact on technological advancement and business expansion.

“I am very pleased to have been selected for the 17th Startup Nest,” said CEO Lee Gwan-hyung of Nucode. “We plan to use this opportunity as a stepping stone to further grow into a leading company in the low-power communication technology field and contribute to the market with innovative products and services.”

• See more related articles