LABCLOUD

Business Status

TIPS

WOOJUNGBIO, as a bio-specialized accelerator and an operator in the Tech Incubator Program for Startups (TIPS),
identifies and supports promising bio/healthcare startups.

LAB CLOUD programs identify and support promising bio/healthcare startups

Foster bio-entrepreneurship and promote valuation growth thorugh LAB CLOUD's accelerating programs
Empowering selected startups to scale up with a personalized one-on-one acceleration program that includes initial and follow-up investments, TIPS application, and expert consultations.

Accelerating program process

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: Discovery &
diagnosis

: Acceleration

: Open
innovation

: Demo Day
Hosting

: Investment
Connection

01
Preparatory-stage
support
02
Growth stage
suppor
03
Leap stage
support

Connecting experts at each stage of a startup's growth for successful business development.

* Expert matchmaking and consulting to address specific challenges.

TIPS program

Seed TIPS: for prospective or early-stage startups with innovative ideas and technologies; Incubation & fund
Opportunities for seed investment
Gov. support of up to 50M KRW

Pre-TIPS: for early-stage startups received private investments (1M KRW or more); Incubation & fund
Opportunities for seed investmentGov. support of up to 100M KRW

TIPS/Deep-tech TIPS: for startups received investment of 100M KRW or more (Deep-tech: 300M KRW or more); R&D, commercialization, international marketing fundGov. support of up to 700M KRW
(Deep-tech: up to 1B KRW)

Post-TIPS program: for TIPS-graduated companies that have attracted follow-up investments of 1B KRW or more; Global market entry supportGov. support of up to 500M KRW