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

New Paradigm Investment (hereafter New Paradigm), an accelerator (AC) subsidiary of TS Investment, announced on August 21 that five of its portfolio companies have been selected as final recipients of the "Deep Tech TIPS" program by the Ministry of SMEs and Startups.

(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 research and development (R&D) funding limit for the general track of the TIPS program from a previous maximum of 500 million won to 800 million won over two years. Deep Tech TIPS has been restructured to provide follow-up R&D support for startup companies in 12 major new industries that meet eligibility requirements in the final evaluation of the general track, offering up to 1.5 billion won in R&D funding per selected company over three years.

From the initial discovery phase, New Paradigm rigorously verifies the scalability of technology, the execution capability of founding teams, and their potential for subsequent growth. The company has continually supported businesses throughout their lifecycle by offering TIPS-linked consulting, establishing investor relations (IR) strategies, securing additional investment, and building strategic partnerships. As a result, as of this month, the selection rate of New Paradigm’s TIPS-recommended companies stands at 98%, and the total number of portfolio companies chosen for TIPS-related programs has reached 49.

The five portfolio companies selected this year have proven their technological commercialization capabilities and are focusing their efforts on product launch and entry into the global market. The selected companies are: ▲ Shapenova, a microorganism-based protein production platform; ▲ Nosework, a pet healthcare big data specialist; ▲ Ttunu, a D2C art commerce platform; ▲ Sound Republica, a global music IP distribution platform; and ▲ NextPayments, a smart retail solutions provider.

New Paradigm also plans to continue supporting its general TIPS portfolio. This year, infant content company BabyBearCompany, which is AI-based, and EduThink, an AI education infrastructure provider, have been selected for the general TIPS program and are now focusing on advancing their core technologies. The company intends to help these firms achieve incremental results so they can progress into subsequent R&D opportunities 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 we discovered at an early stage have now achieved a high degree of technical and business maturity, enabling them to advance to the next growth phase. Our scale-up strategy, which encompasses not only discovery and recommendation but also the entire process of technology development and commercialization, 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 'long-term growth platform' that links investment, R&D, follow-up funding, and market expansion. We will continue to serve as a pace-setter by providing tailored scale-up roadmaps for each company and delivering ongoing support that meets each company's growth-stage needs."

Meanwhile, New Paradigm plans to execute approximately 10 billion won in new investments this year to discover and back promising technology companies. As of last year, the amount of follow-up funding secured by New Paradigm portfolio companies amounted to 56 billion won.

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