The Ministry of SMEs and Startups is launching a program to support innovative entrepreneurs in securing their first investments.
The ministry announced on the 11th that it will kick off the 'Challenge IR Project' in collaboration with TIPS (Tech Incubator Program for Startups) operators starting on the 16th.
The Ministry and 142 TIPS operators will hold over 300 face-to-face investment presentations (IR) this year for founders who have potential but lack access to investment.
Following the initial investment discussions through IR, the Ministry and TIPS operators will continue to offer additional investment negotiations and advanced IR sessions for outstanding companies until the end of the year.
Moreover, if the 'Challenge IR Project' leads to actual investment, benefits such as additional points in the TIPS selection evaluation will be provided to support further growth.
Additionally, after implementing the 'Challenge IR Project' this year, the Ministry will review its performance and gather feedback to develop a permanent investment attraction support system.
Deputy Minister of SMEs and Startups Noh Yong-seok stated, “There are cases where good technologies and ideas fail to secure initial investments. We aim to lower the barriers to investment attraction through the 'Challenge IR Project' so that potential entrepreneurs do not stop their challenges due to a lack of investor connections.”
* This article has been translated by AI.
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