'SPLASH, Untact Hackathon' Finals: 10 Teams Selected

4 PA, 42 Startup Ideas Submitted... Non-Face-to-Face Final Round on the 21st of Next Month

[Asia Economy Honam Reporting Headquarters Reporter Lee Hyung-kwon] Yeosu Gwangyang Port Authority (President Cha Min-sik, hereinafter referred to as the Authority) announced on the 25th that it has selected 10 teams to advance to the finals of the ‘SPLASH, Startup Idea Discovery Untact Hackathon,’ which is being conducted together with Busan, Incheon, and Ulsan Port Authorities.

This hackathon received 42 ideas, a 40% increase compared to the previous year, with many startup items related to the Korean New Deal policy, focusing on the Marine Digital New Deal and Marine Green New Deal.

The four authorities selected 10 teams to advance to the final round through online evaluations by eight judges from the 42 submitted startup ideas.

The 10 teams will receive comprehensive mentoring on their startup items from the first mentoring group, composed of experts in ports, logistics, marketing, startups, marine tourism, and marine leisure.

They will then present their final results with additional advice from the second mentoring group, consisting of planning and video experts.

The final round will be held online on the 21st of next month, and the final decision will be made by combining scores from professional judges and a public evaluation panel.

A total of four teams will be awarded in this hackathon, with prize money totaling 11 million KRW (5 million KRW for the grand prize, 3 million KRW for gold, 2 million KRW for silver, and 1 million KRW for bronze, one team each).

Awarded teams will receive follow-up support such as startup funds matched 1:1 with each authority, office space, and mentoring.

President Cha Min-sik stated, “I hope the untact hackathon will serve as a stepping stone for prospective entrepreneurs’ new business ideas in the marine and logistics sectors to be realized,” and added, “We will take the lead in creating innovative jobs through continuous discovery and nurturing of prospective entrepreneurs.”

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