New Paradigm Investment, Five Portfolio Companies Selected for ‘Deep Tech TIPS’

New Paradigm Investment (hereinafter “New Paradigm”), an accelerator (AC) and subsidiary of TS Investment, announced on the 21st that five of its portfolio companies have been selected for the Ministry of SMEs and Startups’ “Deep Tech TIPS” program.

(From left) Sangseung Bae and Jehyeon Park, Co-CEOs of New Paradigm Investment / Photo by New Paradigm Investment

Starting this year, the government has increased the maximum R&D support limit for the standard TIPS track from the existing 500 million won to 800 million won for a period of two years. The Deep Tech TIPS program has been revamped as a follow-up R&D scheme targeting startup companies in 12 emerging industries that meet criteria in the final assessment of the standard track. Each selected company can receive up to 1.5 billion won in R&D funding over three years.

From the initial discovery phase, New Paradigm rigorously verifies the scalability of the technology, the execution capability of the founding team, and the potential for future growth. The company has provided comprehensive support throughout the corporate lifecycle, including TIPS-linked consulting, IR strategy development, subsequent investment attraction, and establishing strategic partnerships. As a result, as of this month, New Paradigm's selection rate for companies it recommends to TIPS stands at 98%, and its portfolio now includes a cumulative total of 49 companies selected for TIPS-related programs.

The five portfolio companies selected this year have been recognized for their technology commercialization capabilities and are focusing on commercialization and expanding into global markets. The selected companies include: ▲Baexdime, a biotechnology company with Shapenova, a microbe-based protein production platform; ▲Nosework, a big data specialist for pet healthcare; ▲Ttunu, a D2C art commerce platform; ▲SoundRepublica, a global music IP distribution platform; and ▲NextPayments, a smart retail solution provider.

New Paradigm plans to continue supporting its general TIPS portfolio as well. This year, “Agigom Company,” an AI-based infant content provider, and “Eduthink,” an AI education infrastructure company, were selected for the general TIPS program and have begun advancing their core technologies. The company also aims to help these startups accumulate phased achievements so they can move on to follow-up R&D, such as Deep Tech TIPS.

Sangseung Bae, Co-CEO of New Paradigm Investment, stated, “The selection of five portfolio companies for Deep Tech TIPS this year demonstrates that the companies discovered at early stages have achieved high levels of technological and business maturity, allowing them to progress to the next stage of growth. Our scale-up strategy, which involves planning the entire technology development and commercialization process together, is now bearing fruit.”

Jehyeon Park, Co-CEO of New Paradigm Investment, emphasized, “We define TIPS not simply as a government support program, but as a ‘platform for long-term growth’ that connects investment, R&D, follow-on investment, and market entry. We will continue to act as a pace-setter, offering customized scale-up roadmaps and providing the support required for each stage of a company’s growth.”

Meanwhile, New Paradigm plans to execute approximately 10 billion won in new investments this year to discover promising technology companies. As of last year, follow-up investments attracted by New Paradigm’s portfolio companies totaled 56 billion won.

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