We offer a venture platform that ensures a virtuous cycle of advancing venture companies and bolstering local economies through all stages to help foster venture companies founded on original ideas and passion. Our investment in securing new growth engines and revitalizing local economies is implemented in several dynamic forms, from the Venture Fund of KRW 1 trillion to the Venture Valley and the Idea Marketplace for entrepreneurs.
POSCO Venture Platform
in R&D and
Conclusion of business agreement
Joining hands for the operation of the venture platform and supporting the idea of prospective companies
SMEs and Startups,
A platform for fostering and investing
in venture companies
using POSCO’s advanced
infrastructure and competence
Providing support for research, investment attraction, and technological exchange through our industrial-academic-research cooperation system, world-class startup infrastructure, and convergence support programs
Investing in the stable growth of companies through all stages by supporting their foundation, development, and full-scale commercialization
- Creating a venture ecosystem in Korea
- Boosting local economies
- Securing future growth engines and identifying new growth projects
- Creating jobs for youth and supporting startups
Change Up Ground for Venture Companies
POSCO opened a public-private partnership incubator facility named ‘Change Up Ground’ in TIPS Town(Korean version of Silicon Valley), Seoul. The incubator facilities would change the future of startups and act as a ground to upgrade their business. Change Up Ground currently houses 28 startups in various fields that include bio, materials, and AI. It has a studio where the startups can easily create video contents and many other support infrastructure including seminar rooms, event hall, and video conference rooms.
POSCO intends to further create a startup infrastructure in Pohang and Gwangyang as well to enable startups and venture companies to closely cooperate in conducting research, inducing investment, and interchanging technologies.
Scheduled to open
at the end of 2020
Idea Market Place
Starting in 2011, POSCO has provided brainstorming venues for aspiring and novice entrepreneurs. The company has been actively supporting excellent business ventures through direct investment, recommendations to TIPS, and training in business creation. POSCO has invested in 102 promising ventures through Idea Marketplace, with the total fund amounting to KRW 17. 5 billion.
2020 IMP RECAP