KU Holdings Registered as an MSS Accelerator
KU Holdings was recently registered as the 37th member of the Accelerator Registration/Support Program run by the Ministry of SMEs and Startups, thus expanding its spectrum for investing and incubating startup companies.
The Accelerator Program, designed to promote the investment and incubating efforts for venture startups, encourages those who mainly focus on selecting, incubating, and raising funds for startups to register as an Accelerator. Upon registration, program members are granted the right to organize a private investors’ guild and receive various tax benefits according to the Support for Small and Medium Enterprise Establishment Act.
Recently, KU Holdings was also selected as one of unions receiving the University Startup Fund and being named a TIPS (Tech Incubator Program for Startup) partner specializing in biotechnology. By being registered as an Accelerator, KU Holdings has added momentum to its efforts in identifying promising startups and growing them into global venture companies.
KU Holdings spoke of its aspirations by saying, “We will find six new companies every year and invest a KRW 30-million-worth seed fund in each. By taking this opportunity, we will work as a key player in the ecosystem of technology startups.”