It’s been three years since I’ve met with my buddies 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 Metropolis on September 20 and 21, 2022.
The occasion options startup pavilions from main firms like Google, Hyundai Motor Group, and Naver Cloud. Every hosts a handful of startups demonstrating merchandise at numerous evolution levels starting from early to mature and producing money circulate.
The Pier17 is a implausible venue for the occasion, and we’re giving a thumbs as much as that selection. The rooftop hosted a Okay-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 Growth, a authorities group. Its aim is to assist Korean firms attain a worldwide attain and facilitate international firms’ actions in Korea.
We met with Kim Yong-moon, the KISED president since Could 2021. He defined that KISED helps the nationwide financial system by nurturing many startups to their maturity level. Finally, these firms grow to be mature or are acquired by extra distinguished 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 provides 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. Finally, this exercise brings KISED a worldwide view into startup entrepreneurship, permitting the federal government to optimize its rules with native and worldwide progress in thoughts.
Among the many firms we’ll speak to, right here’s a partial record, grouped by their pavilion. We’ve requested every firm to self-describe:
Backed by Google
PLAYHARD: Producing cellular sport for international market – with quick launching (6~10 months) and in-house UA marketing campaign. Its latest sport, Hero Manufacturing unit is an easy-to-play idle RPG the place you defeat monsters with heroes you produce in your manufacturing unit. Improve your factories with the gold you’ve earned to ship much more and even stronger heroes to the battlefield.
SPACE ODDITY: Growing providers 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 Arms Inc: Cell 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 supplies interactive simulations, the place customers communicate with native Koreans in numerous real-life conditions to follow Korean talking expertise.
Backed by Hyundai Motors
60Hertz: Offering software program and providers 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 directly, with AI prediction maximizing future energy era. Its Renewable vitality built-in management system creates statistics based mostly on vitality utilization information.
MakinaRocks: Gives MLOps platform ‘Runway’ implementing AI fashions, and Ai options equivalent to anomaly detection and management optimization.
MOBILTECH: Supplier of 3D metropolis information service ‘Reproduction Metropolis’, updating newest metropolis information actual time by way of MOBILTECH updating expertise. The service is relevant to self-driving providers, city improvement, and public utility upkeep.
MYCEL: Creating cultivated fungal biomass merchandise, together with Myco Leather-based and MYCELIUM Protein.
POEN: Specializing in vitality epicycle expertise, recycling used EV batteries into model new vitality supply.
TESTWORKS: Developer of AI information crowd sourcing platform ‘aiworks’, gathering information then processing to inspection and supply. Powered by superior laptop 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: Offers a bundle combining AR and AI to extend the effectivity and reliability of commercial factories. It automates and streamlines the manufacturing unit administration system with fast and correct information digitization by way of AR & AI applied sciences. Will current CollectAR, CollabAR, PassAR – all included within the bundle – within the occasion.
FutureMain: Develops good manufacturing unit answer converging large information and AI, for machine information evaluation and computerized fault prognosis with root trigger identification.
I-ESG: Presents AI/Huge data-enabled all-in-one answer, for resolving ESG/B2B/SaaS points. Additionally presents ESG Database platform that manages ESG statistics and brings personalised ESG resolutions
The MORAI: Develops simulation platforms to confirm the protection and reliability of autonomous automobiles – together with vehicles and airplanes. Additionally develops 3d site visitors administration system that screens site visitors upon V2X info.
Featured in Okay-Startup Heart
Blue Signum: Established psychotherapy on-line platform, personalised for every consumer.
GREENWHALE World: Vitality-resource firm creating biodegradable plastic resin and merchandise, like luggage, beauty instances, bottle, tray, EP, wooven material and so on.
Lawfully: AI & Fintech service for US immigrants with identification information evaluation and tailor-made monetary providers. 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: Data Curation Platform Based mostly on Collective Intelligence and Synthetic Intelligence. Its hyperlink administration platform connects everybody’s analysis, reduces info retrieval time, and supplies probably the most wanted data by way of AI suggestions.
VPIX Medical: Healthcare expertise firm with The true-time digital biopsy platform for most cancers surgical procedure (B2B) – cCeLL.
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