Dr. True, a food tech startup developing natural, calorie-free alternative sweeteners, announced on the 31st that it has been selected for the TIPS (Tech Incubator Program for Startups) by the Ministry of SMEs and Startups.

TIPS is a program that fosters startups with excellent technology through collaboration between the private sector and the government. Under this program, private operators initially invest 100 million to 200 million won in promising startups, and the Ministry of SMEs and Startups provides additional support such as research and development (R&D) funding.