Report Date	From Morning paper of 2018.09.03(Mon) (Upon online distribution )	Distribution date	2018.08.31(Fri)
Contact	Kim Dae-Hyeon, Team Manager(062-603-5021), Kim Young-Geun , Senior Researcher (062-603-5022) of Technology Commercialization Team of Gwangju INNOPOLIS Headquarter

Gwangju INNOPOLIS, registered as the 100th INNOPOLIS Research Institute Spin-Off!

- Tows the regional economic innovation through Public Technology Commercialization and Startup -

□ On 31st last month, Gwangju INNOPOLIS Headquarter of INNOPOLIS Foundation (Director of Headquarter, Han Sang-Mun) told that the 100th INNOPOLIS Research Institute Spin-off was registered 7 years after designation.

ㅇ The company that has been registered as the 100th INNOPOLIS Research Institute Spin-off(Entire INNOPOLIS No. 631) in the Gwangju INNOPOLIS is Stemmore Inc., a subsidiary company of Yonsei University Technology Holdings Company established to develop and commercialize the hair loss medicine using fat stem cells and dermal papilla cells.

□ The INNOPOLIS Research Institute Spin-off (hereinafter, ’Spin-off’) is a corporation established by investing the technology of public research institutes. 23 Spin-offs were registered in 2016, 40 Spin-offs were registered in 2017 and additional 17 Spin-offs will be registered till end of August 2018 and they are leading the regional economic activation and innovation.

□ As the establishment of Spin-offs has been increased, the qualitative result also appears. Total sales in 2017 was reported to be 16.4 billion Won and number of employees was 308 persons, and annual average increase rate of sales for recent 3 years (2013~2017) reached 126% and employment increase rate reached 101% showing steady growth.

<Number of establishment of INNOPOLIS Research Institute Spin-off of Gwangju INNOPOLIS by year >	<Employment and Sales of INNOPOLIS Research Institute Spin-off of Gwangju INNOPOLIS>

□ Stemmore Inc. is a subsidiary company of Yonsei University Technology Holdings Company established in December 2015 transferred original technology from Yonsei University in order to commercialize excellent research deliverables of Yonsei University and vitalize the academy-industry cooperation.

ㅇ Stemmore Inc. implemented to register itself as INNOPOLIS Research Institute Spin-off to expand the business and cultivate a growth engine and was finally registered as the 100th INNOPOLIS Research Institute Spin-off of Gwangju INNOPOLIS in August 2018 satisfying the registration requirements of INNOPOLIS Research Institute Spin-off through additional investment of Yonsei University Technology Holdings Company and Korea University Technology Holdings Company.

ㅇ Stemmore Inc. implements the registration of INNOPOLIS Research Institute Spin-off, moved its head office to Gwangju INNOPOLIS from Incheon and has a plan to establish the mass production and sale system of cosmetics and shampoo through collaboration with cosmetics manufacturers located at Gwangju (Hightech 1 District and Nano District).

ㅇ In addition, in May 2018, Stemmore Inc. has received additional investment approx. 500 million Won from public and private funds and accelerators such as ‘Gwangju Youth Startup Fund’ being recognized of its business value for R&D and product mass production plan, etc.

* Gwangju Youth Startup Fund: was created in September 2017 to support youth startup in the area of Gwangju with total 10 billion Won (6 billion Won from Fund of Fund and 2 billion Won from Gwangju Technopark)

ㅇ Stemmore has a plan to establish a close cooperation system with its mother company and associated institutions for continuous commercialization and pioneering the market, such that it expected to grow rapidly in the future.

□ Since 2011 where Gwangju INNOPOLIS has been established, the INNOPOLIS Research Institute Spin-off in Gwangju INNOPOLIS has showed explosive increase nearly 200% annual and Gwangju INNOPOLIS headquarter is using various efforts in this year as well for continuous increase and qualitative growth of the INNOPOLIS Research Institute Spin-offs.

ㅇ especially, Gwangju INNOPOLIS headquarter attracted the technologies or companies other than Gwangju INNOPOLIS, such as Stemmore Inc. to support registration as the INNOPOLIS Research Institute Spin-off, and

ㅇ through which, total 28 INNOPOLIS Research Institute Spin-offs have been established and registered in Gwangju INNOPOLIS utilizing external technologies or companies to tow the regional economic vitalization.

<Subjects of Gwangju INNOPOLIS Research Institute Spin-off>	<Subjects by year>

□ In addition, Gwangju INNOPOLIS implements the support for systematic promotion throughout the whole cycle from the pre-stage of establishing INNOPOLIS Research Institute Spin-off to the growth.

	< INNOPOLIS Research Institute Spin-off Supporting System >

Excavate technology/Finalize investment/Establish and register Research Institute Spin-off/Enter the market/Successful Research Spin-off/Advance Planning of Research Institute Spin-off/Support technology valuation/Strategic promotion of Research Institute Spin-off (R&BD)/Customized Support/Subsequent Associated Support/Support establishment/Support promotion

ㅇ On the strength of the whole cyclic support of Gwangju INNOPOLIS, the case where other institution additionally invested in the company which has been already established through the technology investment appears.

ㅇ A typical case is Centra Inc. (the 97th INNOPOLIS Research Institute Spin-off of Gwangju INNOPOLIS) established by technology of Jeonnam University plus additional investment of Korea Electronics Technology Institute, and the expectation of its technical innovation and growth potential is increasing.

□ A person concerned in Gwangju INNOPOLIS said, “Utilization of public technology for technical technology innovation of corporation and technology based startup are very useful political means for our future economy, an of which, INNOPOLIS Research Institute Spin-off is placed as the most innovative system” and added,

ㅇ “We will do our best for site based management and support so that INNOPOLIS Research Institute Spin-offs in Gwangju INNOPOLIS can create innovation case with competitiveness”

Attachment1		Overview and Status of INNOPOLIS Research Institute Spin-offs

1. Overview

ㅇ (Definition) A corporation that the government invested institutions establish by investing more than 20% of the capital for direct commercialization of technology in the INNOPOLIS.

ㅇ (Requirements for establishment*) ①Requirements for foundation subject, ②Capital requirements (Shall hold more than 20% of capital by solely or jointly), ③Purpose requirements (Direct commercialization of technology), ④Regional requirement(Head office shall be located in the INNOPOLIS)

* Article 9-3 of INNOPOLIS Act (Establishment of INNOPOLIS Research Institute Spin-off), Article 13 of Enforcement Decree of INNOPOLIS Act (Registration of INNOPOLIS Research Institute Spin-off)

ㅇ (Subject of Foundation) Public research institutes (government-funded research institutes, universities, etc.), industry-academia cooperation technology holding companies, new technology startup companies, public research institutes high-tech holding companies, etc.

ㅇ (Type of Foundation) To be established in three types according to the subject of commercialization and implementation method

<  Foundation Types of INNOPOLIS Research Institute Spin-off >

① JVC type	② Investment in the technology of existing corporation	③ New Startup

공공연구기관: Public Research Institute, 기술: Technology, 출자기업: Investor, 자본: Capital, 배당: Dividend, 출자, 지원, 관리: Invest, Support, Manage, 신규설립: New establishment, 연구소기업: INNOPOLIS Research Institute Spin-off, 기존기업: Existing corporation, 전환: conversion, 창업자: Founder, 창업: Startup

2. Operating Status

ㅇ Total 634 INNOPOLIS Research Institute Spin-offs are registered in entire INNOPOLIS (as of August 2018) and 103 Spin-offs are registered in Gwangju INNOPOLIS, and 95 Spin-offs of which are under operation.

< Establishment by year and Operating Status>

(Unit : Spin-off)

Classification	2012	2013	2014	2015	2016	2017	August 2018	Total
Registration_Entire INNOPOLIS	38	8	43	71	179	181	114	634
Registration_Gwangju INNOPOLIS	1	2	7	13	23	40	17	103
Operation_Gwangju INNOPOLIS	-	2	4	12	20	40	17	95

Attachment 2		Overview of the 100th INNOPOLIS Research Institute Spin-off of Gwangju INNOPOLIS

No. 631

INNOPOLIS Research Institute Spin-off

Stemmore Inc.

□ Overview

Company name	Stemmore Inc.	Representative		Seong Jong-Hyeok
Established on	2015-12-23	Registration date of INNOPOLIS Research Institute Spin-off		2018-08-09(No. 100)
Subject of foundation	Yonsei University Technology Holdings Company	Technology		Anti-hair Loss Improvement Material Technology
Address	#305 (Daechon-Dong, 959-9) 60 Gil-2 Cheomdan Venture-Ro Buk-Gu, Gwangju Metropolitan City
Sales (Unit: 1M Won)	2016		2017
	53.3		625.5
Major business(Product)	Develop the cell therapy products and cosmetics (Anti-air loss improvement cell therapy product, cosmetics, shampoo)

□ Major Products

Cell therapy product using the fat stem cell	Stem cell culture medium cosmetics

□ Major Results

Stemmore Inc. INNOPOLIS Research Institute Spin-off (2018, No. 100)		Major Result (2016)		Major Result (2017)		Major Result (2018)
		・Attracts investment of ID Ventures . Selected as Startup leading university’s task ・Certified as a venture company ・Installed R&D center		・Selected as U-Tech valley Project ・Awarded Yonsei Startup Grand-prix ・Sales: 600 M Won		・Established S’pore branch office ・Selected as Export Sprout Company ・Selected as TIPS (Korea University Technology Holdings Co. No. 1) ・Registered as INNOPOLIS Research Institute Spin-off