“KU is fostering unicorns that will lead the fourth industrial revolution”
Korea University made a splendid achievement by being selected as the final start-up supporting organization by the Ministry of SMEs and Startups (MSS) that aims to discover excellent technology start-up companies. Now KU has proven to be the best in the field of technology among Korean private universities.
For the last three years KU has been continuously selected as an outstanding university that participates in national projects such as the Ministry of Science, ICT and Future Planning’s support for technology-based start-ups in 2017 and the Ministry of SMEs and Startups’ building and operating ‘Makerspace’ in 2018. KU has become a leading university in Korea that supports start-ups with an accumulated KRW 30 billion obtained from technology transfer and a total of KRW 6.8 billion earned by supporting laboratory start-ups. In 2018, KU showed its determination to support its start-ups by establishing the Crimson Start-up Support Foundation that would play a key role in fostering these start-ups.
KU Holdings was selected as a partner for TIPS (Tech Incubator Program for Startup) and registered as an accelerator agency in 2017. As a professional investment group, it has raised KRW 15.8 billion and fostered promising start-ups.
Now KU is operating a program that gives support funds, to a maximum of KRW 100 million, to those planning to start their own businesses in 2019 or within the next three years. KU will focus more on local based, biotechnology and research start-ups in order to produce unicorns that can lead the fourth industrial revolution.
Joon Huh, the president of the KU Crimson Start-up Support Foundation, said, “Korea University has built a system that support start-ups through the technology entrepreneur major, funding promising start-ups, and its overseas networks, which have enabled the startup companies to enter into the global market. KU is expected to be Korea’s leading university in the field of technology entrepreneurship.”