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Four public agencies to give early stage local companies a hand
Innopolis Foundation, along with three other public entities concerned including Korea Science & Technology Holdings, ETRI Holdings and Mirae-Holdings signed a memorandum of understanding to jointly serve as an incubator which helps early stage businesses particularly struggling for a decline in sales amid the coronavirus shock, stay afloat.
The parties involved will consolidate early stage business financing, while stepping into the course of relief loan services. With a twin-track approach, providing both technological and financial support for startups, these incubators will run an investment committee on a regular basis, which helps technology publicly shared commercially accessible.
jyoung@yna.co.kr
** This article was translated from Korean.
Date
2020.04.23
Views
351
According to Yonhap News,
Innopolis Foundation, along with three other public entities concerned including Korea Science & Technology Holdings, ETRI Holdings and Mirae-Holdings signed a memorandum of understanding to jointly serve as an incubator which helps early stage businesses particularly struggling for a decline in sales amid the coronavirus shock, stay afloat.
The parties involved will consolidate early stage business financing, while stepping into the course of relief loan services. With a twin-track approach, providing both technological and financial support for startups, these incubators will run an investment committee on a regular basis, which helps technology publicly shared commercially accessible.
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jyoung@yna.co.kr
Source: Yonhap News (Apr. 9 , 2020)
** This article was translated from Korean.