Alumni companies and general companies are invited to apply through an open call, which is made irregularly depending on the vacancy rate. The open call is announced on public media (daily newspapers) and websites of related institutes, TBIC, and KAIST. Faculty, student startups, and subsidiaries are selected through separate procedures.
 

TBIC owns incubation spaces of various areas: 33 ㎡ (10 pyeong), 50 ㎡ (15 pyeong), 66 ㎡ (20 pyeong), etc. Resident companies will be assigned a space no larger than 99 ㎡ (30 pyeong). One office will be assigned per company, but some flexibility may be exercised depending on the circumstances of resident companies.
 

The incubator program is open to potential entrepreneurs with outstanding ideas, enterprises less than three years old, and corporations (note that potential entrepreneurs must start a business or establish a corporation within six months from the start date of incubation).
 

Document screening is performed on application forms and business proposals submitted by applicants. On-site evaluation may be conducted where necessary. This is followed by a presentation evaluation, where the CEOs of candidate companies give presentations on business proposals. The incubation evaluation committee makes the final decision and notifies candidate companies of the results. Faculty, student startups, and subsidiaries are selected through separate procedures.
 

Applicants are qualitatively evaluated based on an evaluation table composed of technology, market potential, and business value.
 

TBIC runs the Open Venture Lab Program, which aims to stimulate technology-based startups based on KAIST’s outstanding capacities in education and research. For more details, please contact TBIC.
 

The program is open to potential entrepreneurs among members of the general public who do not have any registered business on the date of announcement of the open call, made at the start of each year.
 

Yes, companies may participate simultaneously in similar programs. However, they may face disadvantages if the provided funds are not used solely for designated programs.
 

Teams that have passed the transition evaluation in the Pre-OVL Program are invited to sign partnership agreements.