Startup accelerator Kimgisa LAB announced on February 1 that it is recruiting for the 5th Generation program, Kimgisa LAB, which provides investment support for the growth of promising and passionate startups.

The selected startups will receive a variety of benefits, including an investment of up to KRW 300 million or more, close mentoring from Kimgisa for three months, special lectures by successful domestic and foreign founders and networking with industry experts, a private demo day with investors, a TIPS program, and opportunities to attract follow-on investment.

Startups within three years of incorporation are eligible to apply, with no sector restrictions. Applications are open until February 21. Final selection will be announced on March 8.

Meanwhile, Kimgisa Lab, an accelerator founded by Kookmin Navi co-founder, has invested in a total of 50 startups since 2019, and as the operator of TIPS, has achieved significant results such as selecting startup teams for the TIPS program and attracting follow-up

investments.