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Seeking Innovative Financial Solutions to Help Deep Tech Startups Overcome the Valley of Death
KAIST announced on June 16 that it will co-host 'STARTUP NATION KOREA 2026' (2026 Innovation Entrepreneurship Nation Korea International Forum) with Seoul National University and The JoongAng from June 17 to 18 at the Haedong Advanced Engineering Building on Seoul National University's Gwanak Campus.
Celebrating its 5th anniversary this year, the forum serves as a platform to overcome the so-called 'R&D Paradox'—where outstanding research and development achievements fail to fully connect with entrepreneurship and industry—and to seek solutions for realizing a science and technology-based innovation entrepreneurship nation. Universities, government agencies, research institutions, investment firms, conglomerates, startups, and media will participate to discuss cooperative methods for connecting technological potential to market and industrial value.
In particular, this year's forum focuses on the role of patient capital and innovative finance, which are critical challenges for the growth of deep tech startups, under the theme “Deep Tech: Beyond the Valley of Death.”
Deep tech startups require long-term investment and large-scale funding throughout the entire process from research and development to technology verification, demonstration, and market entry. However, the domestic venture investment market is relatively focused on short-term returns, often causing these startups to face severe difficulties during the commercialization phase. Therefore, this forum will intensively discuss strategies to establish an innovative financial ecosystem where 'patient capital'—which invests based on the long-term growth potential of technology—is organically linked with investments, guarantees, and policy finance required for the entire life cycle of technology commercialization.
Kwang Hyung Lee, President of KAIST, said, “Although Korea possesses world-class R&D capabilities, major barriers still exist in the process of translating research achievements into startups and new industries. I hope this forum serves as a collective effort to seek solutions through patient capital, innovative finance, and a sustainable entrepreneurial ecosystem so that deep tech startups can overcome the valley of death and grow into the global market.”
Hyun Min Bae, Director of the KAIST Startup Institute, stated, “The success of deep tech entrepreneurship cannot be achieved through technology alone. Through this forum, we look forward to discussing the growth ladders and collaborative measures that connect laboratory technologies to markets, investments, and global expansion, thereby discovering a new direction for Korea's deep tech startup ecosystem.”
On the first day of the forum, Professor Jeong Dong Lee of the College of Engineering at Seoul National University, author of The Way of Accumulation and The First Question, will deliver a keynote speech emphasizing the role of finance in accelerating technological innovation and the importance of patient capital. This will be followed by a roundtable featuring domestic and international experts to discuss long-term investment case studies and policy directions for innovative finance.
In addition, the presentation ceremony for the '2026 Korea Innovation Entrepreneurship Awards' will be held simultaneously. This year, a total of 13 awards will be presented across three categories: the Innovation Entrepreneurship Award, the Innovation Entrepreneurship Challenge Award, and the Innovation Entrepreneurship Ecosystem Contribution Award.
The recipients of the Innovation Entrepreneurship Award include Sovagen, EndoRobotics, WIRobotics, Exo Systems, Marine Drone Tech, Daughter, MUSTBIO, IMNEWRUN, and Narnia Labs. These companies are promising deep tech enterprises recognized for their technological innovation and growth potential in national strategic sectors such as AI, robotics, bio/healthcare, drones, and mobility.
The Innovation Entrepreneurship Challenge Award will be presented to Scionic AI, RX, and TDS Innovation, while the Innovation Entrepreneurship Ecosystem Contribution Award will be awarded to the Commercialization Promotion Agency for R&D Outcomes (COMPA).
Kyeong Hwan Kim, Chair of the Evaluation Committee (Dean of the Graduate School of Global Entrepreneurship at Sungkyunkwan University), remarked, “Promising deep tech companies that will lead future industries in fields like AI, robotics, semiconductors, and bio have stood out remarkably. This contest was a meaningful opportunity to confirm the robust growth potential of Korea's innovation entrepreneurship ecosystem.”
An exhibition featuring innovative startups and various programs linked with government ministries will also run throughout the event. Participating companies will showcase their breakthrough technologies in sectors including AI, robotics, bio/healthcare, advanced materials, energy, and mobility, while exploring collaboration opportunities with investment institutions and industry leaders. Notably, WIRobotics plans to exhibit its humanoid robot 'ALLEX', which was previously unveiled at CES 2026.
The forum is co-hosted by KAIST, Seoul National University, and The JoongAng, and sponsored by major agencies including the Ministry of Science and ICT, the Ministry of Trade, Industry and Energy, and the Ministry of SMEs and Startups. The event will be broadcast live via the official YouTube channel and website of STARTUP NATION KOREA 2026.
2026.06.16 View 6350 -
KAIST to Foster a 'Robot Valley' in Daejeon with $10 Million Initiative
<Group Photo of Kick-off Meeting>
On September 3, KAIST announced the official launch of the "2025 Deep Tech Scale-up Valley Nurturing Project" with a kick-off meeting at the KAIST Department of Mechanical Engineering.
KAIST was selected for this project by the Ministry of Science and ICT and the Research and Development Special District Foundation. With this selection, the university plans to create a "Robot Valley".
Over the next three and a half years, KAIST will receive a total of 13.65 billion won (approximately $10 million) in funding. The university's goal is to intensively nurture globally competitive, innovative robotics companies based on foundational technologies and to develop Daejeon into a global hub for the robotics industry.
The initiative will leverage Daejeon's exceptional research talent and its startup and investment ecosystem to create a model for regional revitalization and to cultivate the robotics industry as a next-generation strategic sector.
KAIST's vision for this project is to develop "Human-Friendly Robots (HFR)" that are more than just automated machines; they are collaborative partners that share space, roles, and emotions with people.
The project will implement a multi-stage strategy that includes promoting the commercialization of robotics technology, supporting the startup ecosystem, securing global technological competitiveness, and developing robot commercialization platforms. This will establish a virtuous cycle of technology development, startup and investment growth, and reinvestment.
Unlike traditional startup support and scale-up programs, this project aims for the simultaneous growth of the entire robotics industry, not just individual companies. A key element is an open innovation model where leading robotics firms like Angel Robotics Inc. and EuRoBotics Inc. (led by Professor Byung-ho Yu and Professor Hyun Myung) will share common core technologies related to actuators, circuits, AI, and standardized data. This will allow startups to focus on developing robot products that directly meet customer needs.
The project team includes key KAIST robotics researchers. The project leader is Professor Jung Kim (President of the Korea Robotics Society) from the Department of Mechanical Engineering. Other participating professors include Geon-Jae Lee from the Department of Materials Science and Engineering (human augmentation sensors), Hyun Myung from the School of Electrical Engineering (winner of the QRC 2023 quadruped robot autonomous walking competition at IEEE ICRA), Kyung-Chul Kong from the Department of Mechanical Engineering (two-time champion of the Cybathlon International Competition and founder of Angel Robotics), and Suk-Hyung Bae from the Department of Industrial Design (winner of the ACM SIGGRAPH robot sketching competition).
In addition, the KAIST Technology Commercialization Office, KAIST Holdings, Global Techno Valley Lab (GTLAB), and the Daejeon Center for Creative Economy and Innovation will manage technology commercialization and valley construction. The Daejeon Technopark will also participate to provide comprehensive commercialization support.
"The strategic cooperation between Daejeon City's robotics industry nurturing plan and KAIST was the driving force behind the selection for this project," said Geon-Jae Lee, Director of the KAIST Technology Commercialization Office. "We will create a robotics innovation ecosystem based in Daejeon and systematically foster global companies to rival the likes of ABB in Switzerland and KUKA in Germany, which are considered among the top three robotics companies in the world."
< Kick-off Meeting Scene>
Project leader Jung Kim stated, "We will spearhead efforts to discover and nurture over 15 future unicorn companies by promoting the commercialization of deep-tech robotics developed at KAIST. The entire KAIST robotics research team will dedicate its full efforts to ensure that our research and development achievements lead to real-world industries and startups."
KAIST President Kwang-Hyung Lee emphasized, "As Korea's leading research-oriented university, KAIST will actively support Daejeon's growth into a global robotics hub. This project is more than just research and development; it will be a turning point for KAIST to stand at the center of the global robotics ecosystem and create a new growth engine for the region and the nation."
In collaboration with Daejeon City, KAIST plans to form an "HFR Valley Innovation Council" to share and review project outcomes, ultimately building a self-sustaining ecosystem. This initiative aims to establish Daejeon as a world-class robotics industry hub.
2025.09.03 View 8732