D&C Biotechnology Selected for TIPS Program by Ministry of SMEs and Startups
- 2023.07.17
D&C Biotechnology Inc. (CEO Park Sung-soo), a developer of next-generation urine diagnostic solutions, announced on the 17th that it has been selected for the TIPS (Tech Incubator Program for Startup Korea) program, a technology startup support initiative by the Ministry of SMEs and Startups.
The TIPS program is a startup incubation initiative designed to discover promising startups with world-class technological innovations. It provides comprehensive support through collaboration between the government and private investors.
Recommended by Mirae Science and Technology Holdings, a TIPS operating organization, D&C Biotechnology has secured ₩500 million in research and development funding over the next two years. Additionally, the company will be eligible to receive ₩100 million for commercialization and another ₩100 million for overseas marketing.
CEO Park Sung-soo of D&C Biotechnology stated, “Our selection for the TIPS program is a recognition of our technological capabilities and growth potential. With the secured R&D funding, we will focus on advancing our technologies and preparing to emerge as a global healthcare leader.”
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