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KOREA TECHNOLOGY FINANCE CORPORATION

Country: Korea (Republic of)

KOREA TECHNOLOGY FINANCE CORPORATION

1 Projects, page 1 of 1
  • Funder: European Commission Project Code: 821518
    Overall Budget: 2,998,500 EURFunder Contribution: 2,998,500 EUR

    InnoRate is set on deploying a trusted, objective and recognised service platform across the EU and AC to support and improve the decision-making processes of investors and lenders for vetting, prioritising and providing access to finance to innovative high growth potential SMEs. The suite of digitally-enabled decision support tools and services provided through our platform are underpinned by well-customised innovation assessment and rating methodologies that go beyond the unsuitable, backward-looking and costly practices currently employed, so as to evaluate and signal the technological and business potential and risks of market-creating innovations, efficiently and cost-effectively. To this end, we leverage semantic technology, existing data sources and in-depth human expertise, to minimise the time and resources (human and financial) required by investors and lenders in this respect, reducing knowledge / information asymmetries and ultimately risk premiums paid by innovative project managers. In doing so, our ambition is clearly to disrupt the largely risk-averse financial sector of the EU and AC, enhancing the innovation capacity of high growth technology sectors and SMEs, paving the way for drastical innovations to flourish and placing Europe in the forefront of the global innovation game. To put it simply, we want to bring innovation to finance and finance to innovation.

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