FuturePlay to Head MSS TIPS Global Specialized Operations

Venture capital FuturePlay has laid a strong foundation for domestic startups' overseas expansion by being selected as an operating agency for the Ministry of SMEs and Startups' 'TIPS Global Specialization Type'. Starting this year, the MSS has been designating investment firms with expertise in specialized fields such as global, regional, coexistence, and climate tech as specialized operating agencies, providing concentrated support for the growth of strategic industries and companies with high potential for overseas expansion. With this selection, FuturePlay has secured an institutional foundation to support overseas expansion and will receive benefits such as priority allocation of recommendation rights for startups by sector and the operation of customized growth programs. Since being selected as a TIPS 2nd phase operating agency in 2014, FuturePlay is a veteran that has maintained an 'excellent' rating for 11 consecutive years. To date, it has executed cumulative investments of over 80.3 billion KRW through the TIPS program and possesses numerous significant success stories, including the successful IPOs of Noul, SOSLAB, Innospace, and NeuroPhet, as well as M&As involving EPD Bio Therapeutics and Mand. Kwon Oh-hyung, CEO of FuturePlay, stated that, based on his experience leading deep tech startups' entry into the global market over the past decade, and taking this designation as a global specialized operating agency as an opportunity, he will provide even stronger support for the expansion of Korean startups into the global market through overseas cooperation, local verification, and commercialization strategies. FuturePlay, a venture capital firm and accelerator that supports from preliminary startup to growth stages, recently transitioned to a sole CEO system under Kwon Oh-hyung and is strengthening support across all aspects of startup operations, including follow-on investment for portfolio companies at each growth stage, as well as brand, PR, HR, and IP. In particular, by focusing on business development, network building, and support for attracting follow-on investment for overseas market expansion, it is providing comprehensive solutions for global growth.