Suncheon National University Startup Support Group to Host This Year's 'Startup Club Mock Investment IR Competition'

[Asia Economy Honam Reporting Headquarters Reporter Lee Hyung-kwon] Suncheon National University (President Ko Young-jin) Startup Support Group announced on the 29th that it held the ‘2020 Startup Club Mock Investment (IR) Competition’ at the university’s International Culture Convention Center.

The competition was conducted in a way that mock investors, composed of Suncheon National University professors and startup company representatives, made mock investments in each team’s excellent startup ideas and prototypes from this year’s startup clubs. This created a competition that provided students, who are vulnerable to attracting investment, with practical experience while adding a sense of realism.

The Grand Prize (Startup Support Group Director’s Award) was jointly awarded to the ‘auer studio team (Team Leader Hwang Da-young, Department of Fashion Design)’, which developed ‘cultural product design’ as a startup item, and the ‘Be in one's Youth team (Team Leader Jo Kwang-hyun, Department of Fashion Design)’, which developed ‘multi-purpose patches’ as a startup item. The Excellence Award (Startup Support Group Director’s Award) went to the ‘Fermentation Gold team (Team Leader Lee Joo-hwa, Major in Food Engineering)’, and the Merit Award was given to the ‘Cooking Mama team (Team Leader Yang Anna, Department of Culinary Science)’ and the ‘No Entry team (Team Leader Jo Hyun-jung, Department of Fashion Design)’, with a total of eight teams receiving awards.

After the presentation evaluation, the award-winning teams were selected in order of the investment amount from the mock investors, and the eight selected teams were provided with a total of 10 million KRW in support funds, including 2 million KRW for the grand prize and additional support funds from the mock investors’ investments.

The Startup Support Group plans to continuously provide various support such as securing intellectual property rights for the technical protection and commercialization of the ideas of the winning teams and expert mentoring.

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