“The Invention Lab,” a TIPS operating accelerator and early corporate investment institution, and “Future Pound,” a preliminary and early incubator and venture studio, completed the formation of a consortium in September and officially launched a joint accelerating program called “HyperStart.”

The “HyperStart” program is a fast-track co-accelerating program that aims to preemptively discover start-ups in the early stages and rapidly grow into Series A in a short period of time by linking follow-up investments and tips programs.

In the program, the pre-seed stage is a preliminary start-up that remains at the level of abstract ideas without a service released yet. Regardless of whether or not a start-up team is formed, only one representative can apply for the hyperstart program.

The start-up team will participate in a highly involved incubation for about 4 to 9 months with the investment examiner in charge. △ Service ID△UX/UI Planning △ Prototyping △ IR Coaching △ Free office space support △ Start-up funding of more than 100 million won △ App/Web service development support and cost guarantee.

When a startup that has undergone a hyperstart program launches an app service, it accumulates customer verification indicators for about three to six months, and subsequent investment links and tips recommendations will be decided, and The Invention Lab and Future Found will jointly participate in fast-track investment reviews.

There is no additional cost that a startup has to pay to participate in the hyperstart program. Only an investment conditional 3% stake is applied as a reference term. Only 3% of shares will be transferred if they are linked to follow-up investments through the program and attract seed or pre-series A investments, and there is no need to pay any price if they drop out of the program or fail to be linked to follow-up investments.

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