ETRI Holdings

ETRI Holdings is a tech-to-biz accelerator and investment firm based in Daejeon, South Korea, that matches early-stage startups with technologies developed by the government-funded Electronics and Telecommunications Research Institute. The organization provides direct capital investment, technology transfers, and incubation services to portfolio companies operating in the information, communications, electronics, and broadcasting sectors in exchange for equity stakes. Operating with a dedicated staff of two team members, the firm leverages the extensive research capabilities of its parent organization, which has a 45-year history of research and development leadership. The accelerator's portfolio includes cloud computing startup DevStack, which partnered with the firm in 2015 under the leadership of co-founder Seung-Wook Jang, while the holding company itself is managed by Chief Executive Officer ByungSik Cho. ETRI Holdings was founded in 2010 by the Electronics and Telecommunications Research Institute.