Seoul Foundation of Women and Family Hosts Fintech Demo Day for Women Startups... 'Baumos' Wins
31 Female Entrepreneurs in Fintech Over 2 Months: 57 Participants from 31 Teams
Final 15 Teams Compete in Demo Day with Startup Ideas on Core 4th Industrial Revolution Technologies
[Asia Economy Reporter Lim Cheol-young] On the 26th, the Seoul Foundation of Women and Family, which operates ‘Space Sallim,’ announced that it held a ‘Demo Day’ on the 25th together with SC First Bank and the Korea Foundation for the Advancement of Science and Creativity, showcasing startup ideas reflecting core technologies of the 4th industrial revolution such as big data, blockchain, and non-face-to-face financial service technologies.
At this Demo Day, 15 teams, which were finally selected from the 2nd cohort participants of the ‘Women in Fintech Academy,’ participated. Among the 15 participating companies, six final teams showing excellent performance in categories such as Innovator, Creator, Frontier, and Starter were selected through evaluation by judges composed of angel investors and others, with Baumos winning the grand prize.
‘Baumos’ proposed an idea to implement a game-type platform where NFT artworks can be exhibited and traded using the metaverse, which is attracting attention from the MZ generation. They have a vision to implement planetary observation using AR and VR and a 3D store mapping NFT artworks in the future.
The winning teams were awarded a total prize money of 15 million KRW, distributed as 5 million KRW (1 team), 4 million KRW (1 team), 3 million KRW (1 team), and 1 million KRW (3 teams) according to their rankings. Additionally, the top three teams were offered the opportunity to move into exclusive offices at ‘Space Sallim.’
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The event proceeded in the order of business presentations by the participating teams, judging by a panel of investors, and the selection of the winning teams. CEO Jeong Yeon-jeong said, “We expect the growth of women-led companies excelling in fintech and digital finance,” adding, “We will work to close the gender gap in the startup ecosystem and foster a startup culture where innovative women-led companies can grow.”
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