Korea Venture Investment Corp (KVIC): Successfully attracted R&D matching fund

2022.04.04Hit : 731

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INGINE succeeded in attracting 2 billion won in investment from Korea Venture Investment Corp (KVIC) in March 2022. 

The R&D matching fund is a matching investment in which KVIC co-invests alongside institutional investors. The purpose of this investment is to assist companies to commercialize their technology.

This investment served as an opportunity to reaffirm INGINE's technological achievements and it is expected that the secured funds will be used to upgrade technologies such as strengthening R&D capabilities and expanding patents.

INGINE's CFO, Keyyoung Lee asserted that "As a renewable energy company, INGINE will strive to create a sustainable earth through wave energy power generation and other energy related businesses."