[INSTITUTE NOW] UNIST Technology Holdings Secures Official Venture Capital License in Ulsan

Logo of UNIST Technology Holdings. Provided by UNIST

■ Ulsan National Institute of Science and Technology (UNIST) introduced on the twenty sixth that its holding firm, UNIST Technology Holdings, has accomplished the registration course of as a Venture Capital (VC) firm with the Ministry of SMEs and Startups. A enterprise capital firm, beneath the ‘Act on the Promotion of Venture Investment,’ is outlined as a specialised funding establishment with not less than 2 billion KRW in capital and two or extra full-time funding professionals. UNIST Technology Holdings has secured official VC standing, enabling it to maneuver past its earlier position as an accelerator targeted on discovering and incubating early-stage startups. It can now conduct skilled funding evaluations and make follow-on scale-up investments by forming large-scale funds. Established in 2017 with 100% funding from UNIST, UNIST Technology Holdings was chosen final 12 months as the only real supervisor for the general public know-how commercialization sector of the federal government’s Fund-of-Funds, efficiently forming a 12 billion KRW fund.