Run by TIPS Program.
TIPS pairs government R&D funding with a designated private operator in Seoul: the R&D project runs 24 months, extendable to three years with linked commercialisation and overseas marketing projects. A team can draw up to about KRW 800,000,000 in total, of which up to KRW 500 million is government R&D funding and KRW 100 million an angel investment from the operator. The government money takes no equity; the operator's angel terms are agreed individually and not published. Successful teams pay a technology fee of up to 20% of the R&D funding, based on revenue over five years.
This programme has notes explaining its undisclosed figures, available in the full dataset.
Every figure above is taken from these pages, published by the programme or its parent organisation.
Last verified 2026-09-05.