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INVAIZ announced that it was finally selected and enrolled in the Youth Entrepreneurship Academy of the Small and Medium Venture Promotion Foundation in 2020.
INVAIZ will enter the Gyeongnam Youth Entrepreneurship Academy and receive support from the Youth Entrepreneurship Academy for about a year.
The Youth Entrepreneurship Academy, run by the Small and Medium Venture Business Promotion Foundation, is a one-stop project to support all stages of start-up from establishing business plans for young start-ups under the age of 39 to commercialization and post-graduation growth.
INVAIZ will receive up to 100 million won in start-up commercialization subsidies, office space, prototype-related infrastructure, start-up education and coaching, and market development within 70% of the total project cost for a year.
Junseok Lee, CEO of INVAIZ, said, "We will build a differentiation from overseas competitors through the support of the Youth Startup Academy and grow with the aim of entering the domestic market and entering overseas markets."