KT Accelerates Fusion New Business with Ventures... Joint Commercialization Support for 14 Companies

[Asia Economy Reporter Seulgina Cho] KT is accelerating its efforts in convergence new businesses by promoting joint commercialization with promising small and venture companies.

KT and the Gyeonggi Center for Creative Economy and Innovation announced on the 13th that they have implemented the 'Biz Collaboration' program and selected a total of 14 companies. 'Biz Collaboration' is a program that discovers business items suitable for collaboration among technologies owned by small and venture companies and supports joint commercialization by matching one-on-one with KT from the idea conception stage.

The selected companies receive up to 50 million KRW for research and development, patent applications, prototype production, marketing, and promotional expenses. This time, to strengthen competitiveness in new businesses in the 5G-based convergence service field, excellent small and venture companies in applied service fields such as virtual and augmented reality (VR·AR), autonomous driving (mobility), robotics, artificial intelligence (AI), and IoT were selected.

The selected companies are ▲Dabio (AI, deep learning-based map information technology), ▲Doguspace (autonomous indoor and outdoor robots), ▲Twiny (autonomous logistics robots), ▲Deudneun Textbook (audio learning platform for elementary and secondary school subjects), ▲Seonghyun System (deep learning biometric security system), ▲Simplatform (IoT-based industrial AI solutions), ▲Archidraw (VR, 3D interior, home furnishing AI solutions), ▲Olimplanet (VR 3D real estate proptech), ▲M2S (VR, MR eye health management digital healthcare), ▲Nodamen (non-face-to-face exhibition art platform), ▲Tech Village (VR rehabilitation therapy), ▲Iwillbe (education, healthcare immersive media), ▲Bagel Labs (digital IoT smart tape measure), and ▲Moneybrain (conversational AI voice synthesis technology).

These companies aim to launch new business models within the year.

Jong-Yeol Park, Head of KT SCM Strategy Office (Executive Director), said, "Biz Collaboration is KT's representative 'open innovation' program that has been ongoing for three years since 2017," adding, "We will create new convergence products with small and venture companies in the 5G new technology areas with high development potential in the untact era."

This content was produced with the assistance of AI translation services.