Baby Unicorn — Market Development Funding

Baby Unicorn is the scaleup line in Korea's Ministry of SMEs and Startups support stack, administered by KIBO with KISED support. It targets venture-stage Korean companies that are already past the earliest startup phase and need a larger growth package. The available record puts the market-development component at up to KRW 300 million and the guarantee support at up to KRW 5 billion. Eligibility is tied to Korean venture firms with cumulative venture investment between KRW 2 billion and KRW 10 billion, or to firms valued at KRW 100 billion or more, with KIBO technology ratings at BB or higher, or B on the high-valuation track. The program runs annually and uses Korean-language documentation. For applicants, the strongest signal is venture traction rather than an idea stage project. The useful fit is a registered Korean venture company that can show scale, formal evaluation strength, and enough growth history to justify guarantee-backed expansion support.

Each grant below is a distinct funding opportunity with its own eligibility, scope, and deliverables.