■ Gyeonggi Center for Creative Economy & Innovation (GCCEI), chose ten “KB unicorn club” teams to lead innovation along with KB Bank

■ A follow-up support and direct investment (SEED) by KB Bank are expected to be provided for top start-ups

■ An opening ceremony is held on the 17th, Thursday … the program will be carried out in earnest

KB Unicorn launching ceremony commemorative photo | Provided by Gyeonggi-do

Gyeonggi Center for Creative Economy & Innovation (“Gyeonggi Innovation Center,” director Shin Hyunsam) announced on the 17th that it hosted an opening ceremony of “KB unicorn club” alongside KB Bank (CEO Hur Yin).

On the 17th, an opening ceremony of “KB unicorn club,” is held as part of “K-Champ Challenge” which is designed for early stage start-ups at Giga hall, Gyeonggi Center for Creative Economy & Innovation in Pangyo, Seongnam, Gyeonggi-do.

Director of Gyeonggi innovation center Shin Hyunsam, leader of KB bank sales group in the southern part of Gyeonggi Province Kim Hoe-Seop, director of the headquarters Yang Jeongpil and ten start-ups selected took part in the ceremony.

“KB unicorn club” is a program designed to foster ten start-ups selected that are going to lead innovation supported by KB bank and run by Gyeonggi innovation center. Follow-up support for direct investment (SEED) is provided for top start-ups. And more support would be underway if start-ups take on K-champ challenge and global challenge programs of Gyeonggi innovation center.

Companies selected by “KB unicorn club” will be provided with one-on-one coaching for finding out strengths and coaching programs for executives, opportunities for networking with experts in various fields, connecting with investors through IR consulting, connecting with open innovation through partnerships at home and abroad of Gyeonggi innovation center and support for entering the global market among others.

A total of ten “KB unicorn club” are selected despite tough competition. ▲Chungmyung cutting edge material (CEO Kim Min Gi, ultralight reinforced plastics for windows of electric vehicle display cover), ▲Philmedi (CEO Kim Sang-Hyo, powerless Self-Diagnosis PCR Platform), ▲Cox Space (CEO Kim Ho-Yeon, gesture machine-learning mouse “Snowl”), ▲Zeroone AI (CEO Song Joon-Ho, distributed multi-hybrid automatic learning artificial intelligence system), ▲TovUp (CEO Ahn Gye-Sung, data erasure solutions), ▲Stockeeper (CEO Ahn Jae-Hyun, my Korean beef asset platform “Bankcow”), ▲Flex (CEO Yoon Soon-Il, customized psychological counseling and character education for infants based on AI psychological analysis), ▲Korea Goseo ENG (CEO Lee Chang-Bae, oyster shell angle low carbon plastic process technology), ▲Moroba (CEO Jang Seong-Woo, skateboard mobile robot platform), ▲3DJun (CEO Jang Joon-Hee, 3D model of facility safety diagnosis and GIS map solution using AI) among others.

Leader of KB bank sales group in the southern part of Gyeonggi Province Kim Hoe-Seop said, “I hope “KB unicorn club” could give rise to a number of companies expanding across the globe.”

Director of Gyeonggi innovation center Shin Hyunsam said, “we will provide customized support for the whole process of business growth of start-ups to help them become unicorn companies reducing trials and errors for early stage start-ups.”

Pangyo Technovalley is an innovation hub for global companies comparable to the Silicon Valley in the US, Zhongguancun in China, and STATION F in France. It is an Asia tech hub with 1,259 IT, BT, CT, and NT companies that possess innovative products and technologies. Located just south of the metropolitan area, it provides the best environment for Korean companies to do business with great transportation access and infrastructure.

Various high-tech companies are located in Pangyo Technovalley, and it is occupied by 64,000 full-time employees, many in their 20-30s. In terms of industry, the companies are engaged in information technology, contents technology, biotechnology, and nanotechnology.

With the support of innovative companies with global capabilities such as Kakao, Naver, AhnLab, Krafton, NCSoft, Nexon, and Hancom, companies in Pangyo Technovalley recorded 107 trillion won in sales last year. Investment and infrastructure growth in Pangyo is expected to continue, with the Metaverse hub entering Pangyo this year.

Source: Pangyo Techno Valley Official Newsroom 

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