New Paradigm Investment (hereinafter referred to as New Paradigm, NP) announced on the 21st that it is recruiting innovative startups to challenge the TIPS, a private investment-linked technology startup support program this year, through the Baby Unicorn Growth Program.
TIPS is a representative startup support program in which the Ministry of SMEs and Startups, together with private investment companies, discovers technology-based startups and provides matching government funds of up to 500 million won for general TIPS R&D, up to 1.5 billion won for deep-tech TIPS R&D, and up to 1.2 billion won for global TIPS R&D. If selected, support of up to 300 million won can be provided including non-R&D funds.
New Paradigm invested a total of 6 billion won in 14 startups in 2024. Of these, 2.1 billion won was invested in new investments in 6 companies and 3.9 billion won was invested in follow-up investments in 8 companies. The follow-up investment amount last year amounted to 70.3 billion won, and this year, it aims to exceed 90 billion won. In addition, it plans to invest approximately 8 billion won in new and follow-up investments in more than 16 startups this year.
In particular, all eight companies recommended by TIPS in 2024 were finally selected, recording a 100% recommendation success rate, and on a cumulative basis, 34 out of a total of 35 recommended companies were selected, maintaining a high cumulative success rate of 97%. This is the highest TIPS selection performance among domestic TIPS operators.
As successful cases of attracting major follow-up investments in New Paradigm, Vincen, Azwemake, and Medical AI attracted the attention of the industry by attracting follow-up investments of over 20 billion won each. In addition, startups in various fields such as Open Plan, Next Payments, Lysol, Kookmin Bio, Pet Farm, and Backsdime achieved results in follow-up investments.
Park Jae-hyun, co-CEO of New Paradigm, said, “New Paradigm is positioning itself as a gateway for baby unicorns through successful TIPS selection and follow-up investment attraction,” adding, “We invest in technology-based startups from the early stages and provide comprehensive, one-stop support, including business plan reviews that meet government screening criteria, IR support, and follow-up investment attraction consulting.” He added, “In particular, starting this year, we plan to “actively discover companies that can apply for the Global TIPS Track.”
New Paradigm's core goal is to produce more than 10 baby unicorn companies by 2027 and to help invested companies achieve compressed growth through continuous follow-up investment participation.
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