KT&G, Recruiting Innovative Technology Startups through Open Innovation

[Asia Economy Reporter Lim Hye-sun] KT&G, in collaboration with Seoul Startup Hub, is hosting the 'KT&G·Seoul Startup Open Innovation' and is recruiting participating companies until the 5th of next month to select startups with innovative technological capabilities.

KT&G plans to select startups equipped with capabilities such as new technologies for future businesses and eco-friendly material development, and through follow-up support, build customized win-win business models.

The recruitment is conducted across a total of 12 fields. These include 7 fields related to KT&G’s business such as eco-friendly material technology for small electronic devices, 2 fields related to its subsidiary KGC’s food tech and solutions, and 3 fields related to Cosmo Cos’s hair care technology and materials. KT&G will select 10 startups and hold a ‘Meet-up’ event on the 27th of next month.

Through the ‘Meet-up,’ KT&G will proceed with business cooperation and PoC (Proof of Concept) processes with the finally selected startups, and plans to consider future technology branding and direct investment. Additionally, through Seoul Startup Hub, various follow-up supports to strengthen competitiveness will be provided, including business funding worth 10 million KRW, office space support, and investment attraction linkage.

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