Find XO: Up to 3.4 Billion Won Non-Dilutive Funding: How Deep Tech Founders Can Utilize Kibo BIRD (venturesquare.net)

- The BIRD program, operated by the Korea Technology Finance Corporation together with Seoul, Chungnam, and Daejeon, provides up to 3.4 billion won in three stages from R&D planning to commercialization. - It targets AI, semiconductor, and secondary battery companies, with a 100% guarantee ratio and a 1% guarantee fee. - It's attractive because it is money you can use without giving up equity, but if viewed solely as runway extension, the stages can become uncertain each time they change. - Let's first organize how R&D results lead to customer validation.