SKC Supports Commercialization of 5 Promising Materials Companies

On the 10th, SKC held the 'SKC Startup Plus 4th Kickoff' at its headquarters in Jongno-gu, Seoul. Nam Jae-do, CEO of VidOrigin Co., Ltd., is explaining his company's technology. Photo by SKC

[Asia Economy Reporter Choi Dae-yeol] SKC announced on the 10th that it has selected five companies to participate in the 4th SKC Startup Plus program, a new material technology contest. This program helps commercialize promising technology companies by designating them as tangible and intangible resources of an open platform based on new material technology involving multiple institutions.

On the same day, SKC provided the selected companies with 100 million KRW in commercialization support funds at its headquarters in Seoul and introduced the support system for the selected companies. The companies selected this year include EcoMass Co., Ltd., which has biodegradable film manufacturing technology; Chemipolio Co., Ltd., which has bio-chemical raw material technology; Cheongmyeong Advanced Materials Co., Ltd., which produces optical sheets applicable to smart windows and next-generation displays; S-Graphene Co., Ltd., which has next-generation ultra-thin separator technology for secondary batteries; and Bead Origin Co., Ltd., which manufactures core materials for semiconductor CMP slurry. These are eco-friendly, mobility, and semiconductor material technology companies.

These companies receive support from 16 participating institutions of the open platform. SKC shares R&D and management know-how based on commercialization support funds and the experience of material companies. The Ulsan Creative Economy Innovation Center provides corporate operation education and follow-up projects. The Korea Institute of Science and Technology Information assists in improving commercialization, research, and planning capabilities. Other participants include the Ministry of Trade, Industry and Energy R&D Strategy Planning Group, Deloitte Anjin Accounting Corporation, Shinhan Bank, The Korean Academy of Engineering, Korea Technology Finance Corporation, Korea Startup Forum, and Sejong Law Firm.

According to SKC, up to last year, 36 companies were selected through the contest and supported for commercialization, resulting in more than doubling sales, workforce, and investment attraction before and after participating in the open platform. An SKC official said, "We will do our best to establish this as Korea’s representative 'commercialization support program' and contribute to strengthening the material industry ecosystem."

This content was produced with the assistance of AI translation services.