CJ Obenters Demo Day Successfully Live-Streamed on YouTube

People attending the live YouTube broadcast of the '2021 CJ Oventus Demo Day' held on the 14th are taking a commemorative photo.

[Asia Economy Reporter Lim Hye-sun] CJ announced on the 15th that it held the '2021 CJ Oventus Demo Day' on the 14th through a live broadcast on YouTube.

'Oventus' is an open innovation program by CJ in collaboration with the Seoul Creative Economy Innovation Center to discover and support startups with excellent technology and business models. The 'Demo Day' serves as the final event of 'Oventus' and is used as a platform to attract outstanding startups in the future.

In this third annual 'Demo Day,' seven startups from three fields?Food Tech, Logistics, and Entertainment?that participated as the 4th cohort of 'Oventus' since June introduced their collaboration achievements with Freshway, CJ Logistics, and ENM. The event also included discussions on potential investment connections with judges who are representatives from Timewise Investment, LX Investment, Big Bang Angels, Primer Sazepartners, and SparkLabs.

The startups participating as the 4th cohort include seven companies: in Food Tech, Raesik (virtual kitchen-based kitchenless service 'Cooksub') and Siksin (mobile meal voucher for office workers 'Siksin e-Sikgwon'); in Logistics, MotionToAI (AI-based logistics center mobile resource control and optimization solution), OysterAble (AIoT resource recycling participation solution 'Today's Recycling'), and Neuropack (eco-friendly packaging development using biomass to reduce carbon emissions); and in Entertainment, Biobrain (biometric signal measurement and analysis solution) and SparkLab (on-demand PPL replacement platform).

Among them, MotionToAI conducted a six-week technology test at CJ Logistics' logistics center using its integrated manned and unmanned mobile resource control and optimization algorithm technology. As a result, early commercialization was decided, and the company joined a project currently underway at CJ Logistics. SparkLab is testing the commercialization potential by planning products linked to its AI-based object replacement and addition technology in videos with Studio Dragon.

At the event, SparkLab won the grand prize through on-site judging and real-time online voting, receiving a prize of 10 million KRW, while Raesik and Siksin were selected as excellent teams and each received 5 million KRW.

Meanwhile, CJ has discovered a total of 29 startups through the 1st to 4th cohorts of 'Oventus' from 2019 to this year. Among them, nine companies are conducting follow-up businesses with CJ affiliates (Freshway, CJ Logistics, ENM, Powercast, Olive Networks), achieving a business linkage rate of over 30%.

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