The Research and Development Special Zone Promotion Foundation (Chairman Hee-Kwon Jeong, hereinafter referred to as the "Special Zone Foundation") announced that it will be carrying out the "2025 Special Zone-type Deep Tech Startup Challenge (hereinafter referred to as the "Deep Tech Challenge")" to provide support for investment and commercialization R&D projects targeting deep tech startups, and that it will recruit participating companies until August 22.
The 'Deep Tech Challenge' is an IR-based competition program designed to discover promising deep tech companies with high-level core technologies and to promote the creation of technology commercialization results. It goes beyond a simple competition format and introduces a commercialization support structure that provides direct investment and follow-up R&D support to selected companies.
Applicants are divided into Track A, special zone institutional companies such as research institutes, advanced technology companies, and regulatory exemption companies among companies promoting commercialization in the deep tech field, and Track B, companies founded within the special zone within the past 7 years based on technology from public research institutes and science and technology specialized universities. A total of 6 companies, 3 from each track, will be selected through a total of 3 stages including the Pre-IR and Final IR stages after the first written evaluation and interview.
The final selected company will be awarded the Minister of Science and ICT Award and the Special Zone Foundation Chairman Award, as well as a total of KRW 18 million in prize money. In addition, direct investment of up to KRW 1 billion per company through the Research and Development Special Zone Fund and follow-up R&D projects of up to KRW 600 million for investment-matching companies will be linked.
Companies wishing to participate can fill out the submission form in the announcement and submit it via email (cha@innopolis.or.kr) by 18:00 on August 22. Further details can be found in the business announcement on the Special Zone Foundation website .
This program is operated by JNP Global, with investment participation from three companies: Inlight Ventures, Inc., a research and development special zone fund operator; Innopolis Partners, Inc.; and E&Venture Partners, Inc.
Jeong Hee-kwon, chairman of the Special Zone Foundation, said, “Deep tech startups are a field with high technological prowess but also high initial risk, so systematic early support is more important than anything else,” and added, “We will continue to provide comprehensive support so that promising deep tech startups with high growth momentum can enter the market and make a leap forward in a stable manner.”
- See more related articles
You must be logged in to post a comment.