It’s been three years since I’ve met with my associates within the Korean innovation scene, and I couldn’t miss the Korea-U.S. Startup Summit (aka, Korea-US SMEs go TOGETHER) innovation occasion held in New York City on September 20 and 21, 2022.
The occasion options startup pavilions from main firms like Google, Hyundai Motor Group, and Naver Cloud. Each hosts a handful of startups demonstrating merchandise at varied evolution phases starting from early to mature and producing money move.
The Pier17 is a unbelievable venue for the occasion, and we’re giving a thumbs as much as that selection. The rooftop hosted a K-POP minicon (what else?) and attracted a crowd of followers ready for the opening.
The occasion is hosted by KISED, the Korea Institute of Startup & Entrepreneurship Development, a authorities group. Its purpose is to assist Korean firms attain a worldwide attain and facilitate overseas firms’ actions in Korea.
We met with Kim Yong-moon, the KISED president since May 2021. He defined that KISED helps the nationwide financial system by nurturing many startups to their maturity level. Eventually, these firms turn out to be mature or are acquired by extra outstanding gamers.
Backed by substantial funding from the South Korean authorities, KISED sources as much as 6000 startups, which is a formidable quantity by any metric. The sourcing begins as early as discovering college college students with entrepreneurship and educating them on enterprise and technical issues.
KISED offers funding and backing in administrative and advertising and marketing areas, very like an incubator would do. It additionally works alongside or with specialised organizations tasked with comparable targets. Ultimately, this exercise brings KISED a worldwide view into startup entrepreneurship, permitting the federal government to optimize its laws with native and worldwide progress in thoughts.
Among the businesses we’ll discuss to, right here’s a partial listing, grouped by their pavilion. We’ve requested every firm to self-describe:
Backed by Google
PLAYHARD: Producing cellular sport for world market – with quick launching (6~10 months) and in-house UA marketing campaign. Its latest sport, Hero Factory is an easy-to-play idle RPG the place you defeat monsters with heroes you produce in your manufacturing facility. Upgrade your factories with the gold you’ve earned to ship much more and even stronger heroes to the battlefield.
SPACE ODDITY: Developing companies and types for Okay-POP fandoms, together with Blip and KPOP-RADAR showcasing on the occasion. Blip is the app informing Okay-Pop artists’ schedules and promoting associated merchandise. KPOP-RADAR is the world’s first and solely Okay-Pop fandom specialised information service – analyze then visualize SNS information of 700+ Korean artists. SiriusXM makes use of KPOP-RADAR for its weekly trending Okay-Pop chart present each Thursday.
Sticky Hands Inc: Mobile sport developer specialised in hybrid solitaire video games. Will introduce two solitaire cellular video games – Solitaire Cat Islands (journey) and Solitaire Farm Village (administration).
Teuida Inc: Its digital Korean studying software gives interactive simulations, the place customers communicate with native Koreans in varied real-life conditions to observe Korean talking abilities.
Backed by Hyundai Motors
60Hertz: Providing software program and companies these optimize the operation and upkeep of small and distributed renewable vitality sources. Its forecasting software overlooks climate of ~80000 photo voltaic and wind farms without delay, with AI prediction maximizing future energy technology. Its Renewable vitality built-in management system creates statistics based mostly on vitality utilization information.
MakinaRocks: Offers MLOps platform ‘Runway’ implementing AI fashions, and Ai options corresponding to anomaly detection and management optimization.
MOBILTECH: Provider of 3D metropolis information service ‘Replica City’, updating newest metropolis information actual time by MOBILTECH updating know-how. The service is relevant to self-driving companies, city improvement, and public utility upkeep.
MYCEL: Creating cultivated fungal biomass merchandise, together with Myco Leather and MYCELIUM Protein.
POEN: Focusing on vitality epicycle know-how, recycling used EV batteries into model new vitality supply.
TESTWORKS: Developer of AI information crowd sourcing platform ‘aiworks’, accumulating information then processing to inspection and supply. Powered by superior pc imaginative and prescient and 3d information processing.
Backed by Naver Cloud
ARGOSDYNE: Builds the built-in working platform for all types of unmanned automobiles, with simple utilization and large flexibility.
ARIA Edge: Provides a package deal combining AR and AI to extend the effectivity and reliability of business factories. It automates and streamlines the manufacturing facility administration system with speedy and correct information digitization by AR & AI applied sciences. Will current CollectAR, CollabAR, PassAR – all included within the package deal – within the occasion.
FutureMain: Develops sensible manufacturing facility resolution converging huge information and AI, for machine information evaluation and computerized fault analysis with root trigger identification.
I-ESG: Presents AI/Big data-enabled all-in-one resolution, for resolving ESG/B2B/SaaS points. Also presents ESG Database platform that manages ESG statistics and brings personalised ESG resolutions
The MORAI: Develops simulation platforms to confirm the security and reliability of autonomous automobiles – together with cars and airplanes. Also develops 3d site visitors administration system that displays site visitors upon V2X info.
Featured in Okay-Startup Center
Blue Signum: Established psychotherapy on-line platform, personalised for every consumer.
GREENWHALE Global: Energy-resource firm creating biodegradable plastic resin and merchandise, like luggage, beauty instances, bottle, tray, EP, wooven fabric and so on.
Lawfully: AI & Fintech service for US immigrants with identification information evaluation and tailor-made monetary companies. Has been presenting ground-breaking options for the U.S. immigration market drawback since 2017 by offering case monitoring, case analyzation, mock interview and authorized session.
Pikurate: Knowledge Curation Platform Based on Collective Intelligence and Artificial Intelligence. Its hyperlink administration platform connects everybody’s analysis, reduces info retrieval time, and gives essentially the most wanted information by AI suggestions.
VPIX Medical: Healthcare know-how firm with The real-time digital biopsy platform for most cancers surgical procedure (B2B) – cCeLL.
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