ZIENThe investment company of Incheon Center for Creative Economy & Innovation (CCEI), ZIEN has been selected for the TIPS (Tech Incubator Program for Startup) Program.
TIPS, a joint initiative between the government and private sector, aims to nurture and support budding tech startups. Its mission is clear: identify promising ventures with robust technical capabilities and provide them with the necessary resources to thrive. Under this program, private sector investments are matched with funding from the Ministry of SMEs and Startups, with a focus on fueling research and development (R&D).
ZIEN, selected for the program, is set to receive substantial support totaling up to 500 million KRW from the Ministry of SMEs and Startups over the next two years. This financial boost, facilitated through contributions from Incheon Metropolitan City's Incheon Intellectual Property Fund No.2, underscores the confidence in ZIEN's potential. The company's selection for TIPS comes on the heels of a recommendation from CCEI, the operational force behind the program.
Positioning itself as a frontrunner in IoT security convergence, ZIEN is actively developing an XIoT security inspection solution. This innovative technology shields IoT devices by encrypting firmware, providing an early defense mechanism against potential cyber threats. The recognition bestowed upon ZIEN through its inclusion in the TIPS program underscores its prowess in the realm of converged security solutions.
CEO Youngmin Cho brings a wealth of experience to the table, boasting 13 years in the field of converged security since earning a degree in the subject. His groundbreaking work includes the development of a patented system for analyzing IoT firmware vulnerabilities, showcasing his commitment to advancing efficiency and security measures.
Director Lee Han-seop of CCEI remarked, "With the advent of an era where IoT is ubiquitous, the value of security solutions has become increasingly crucial." He further stated, "The center has invested in ZIEN, recognizing its potential for growth in light of these circumstances.”
Source : Business Korea