4 Startups from Daegu Changgyeong Center Selected for TIPS

The Daegu Creative Economy Innovation Center has written a new chapter in startup support! In the past year, all four startups recommended by the center as a TIPS operating agency were ultimately selected, achieving a remarkable 100% success rate. TIPS is a scale-up program that discovers technology-based startup teams through prior investment and recommendations from private investors, with the government providing exceptional growth funding of up to 800 million KRW (500 million for R&D, 300 million for commercialization) for a maximum of two years. Notably, Mbus Co., Ltd., recently selected, drew attention for its innovative technology that develops a deep learning-based virtual asset market prediction model, providing essential analysis reports to investors. Furthermore, in the Pre-TIPS Creative Economy Innovation Center Recommendation Track, which was converted to a pilot project this year, the Daegu Center once again proved its capability by having both recommended companies selected in the first half of the year. Pre-TIPS serves as a stepping stone for promising startups that meet the criteria of being outside the Seoul metropolitan area, having been established within three years, and having received an investment of 50 million KRW or more from a Creative Economy Innovation Center. CEO Han In-guk expressed strong determination, stating, "We have taken a meaningful first step with a 100% selection rate," and "We will continue to spare no strategic investment and support to ensure Daegu's advanced technology startups continuously advance into TIPS." This success of the Daegu Creative Economy Innovation Center is bringing great vitality to the regional startup ecosystem.