"Partnering with Sugong Boosts Sales by 155%"... Startup Dedicated Mentor Team Performance Presentation

[Asia Economy Reporter Kim Bo-kyung] Korea Water Resources Corporation held the 'Water Industry Innovation Startup Support Dedicated Startup Mentor Group Performance Presentation' on the 26th at the K-water Research Institute in Yuseong-gu, Daejeon.

At the beginning of this year, the Water Resources Corporation formed a dedicated startup mentor group (70 members) through an internal contest and matched them with 57 startup companies possessing innovative technologies in the water sector. To help these companies' ideas and services reach commercialization, the corporation provided performance testing (testbed), technical consulting, and linked them with major projects of the corporation.

This presentation was organized to share the mentors' activity achievements and outstanding cases.

At the presentation, the startup 'Movements' was introduced as a case where sales increased by 155% and the company grew to a value of approximately 5 billion KRW within two years after matching with the mentor group. Movements is a company engaged in building an underground facility maintenance system using 3D surveying technology and augmented reality (AR).

In addition to operating the dedicated mentor group, the Water Resources Corporation supports the growth of promising startups by providing ▲technology performance verification (testbed) through water management facilities such as water purification plants ▲collaborative projects conducted by matching startup companies with the corporation's business departments. Furthermore, various support programs are operated, including ▲providing startup spaces using the corporation's facilities ▲linking investment attraction ▲joint participation in domestic and international forums, expos (EXPO), and seminars.

Based on this, 92 startup companies that collaborated with the Water Resources Corporation achieved an average sales increase of 61% and export growth of 350%. Employment increased by 60%, and investment attraction amount rose by 240%, showing improvements in all key indicators such as sales, jobs, and investment attraction.

Park Jae-hyun, president of the Water Resources Corporation, stated, "The process of converging and combining innovative technologies in the water management field through continuous idea and technology development exchanges with startup companies will be further activated," and added, "As a specialized water management institution, we will do our best to foster the water industry and create an innovative startup ecosystem."

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