PeterPeter and Geniealogy, Resident Companies in Gwanak-gu Seoul National University Campustown, Achieve Outstanding Results

Resident Company PeterPeter Exceeds Crowdfunding Goal... Genieology Wins Grand Prize at Lotte Ventures Global Accelerator Program... Korea Senior Research Institute Secures 11 Billion Won Series A Investment...

Gwanak-gu-Seoul National University Campus Town Startup HERO-3

[Asia Economy Reporter Jong-il Park] Gwanak-gu (Mayor Park Jun-hee) and Seoul National University Campustown resident companies are achieving solid results despite the economic difficulties caused by COVID-19.

Since 2018, the district has established 13 startup support facilities including ‘Startup HERE-RO 2·3·4·5’, ‘Nakseong Venture Startup Centers (3 locations)’, ‘Seoul Startup Cafe Nakseongdae Branch’, and ‘Seoul Startup Center Gwanak’ to nurture and support resident companies with growth potential in technology-based fields such as artificial intelligence and big data.

One of the resident companies, ‘PeterPeter’, announced a successful launch of its pet cat genetic testing service ‘Cattering’ by exceeding 1000% of its crowdfunding goal within one hour on the first day of opening.

‘Cattering’ is characterized by allowing pet owners to collect their cats’ DNA themselves and complete the entire process from application to collection remotely. PeterPeter plans to diversify its pet-related services by launching ‘Dogma’, a genetic testing service for dogs, in December.

Additionally, ‘Genialogy’, which operates a low-cost genetic analysis and disease prediction platform using AI, won the grand prize at the Lotte Ventures Global Accelerator Program and will receive 100 million KRW in support.

The company is also focusing on global expansion targeting the U.S. market. Since individuals in the U.S. already have their genetic information digitized and stored, it is expected that this information can be used to predict various diseases as well as the severity of COVID-19.

Resident company ‘Dudream Quick’, which operates a senior subway delivery platform, signed a business agreement with Seongbuk Senior Club on the 29th of last month. ‘Dudream Quick’ is a new quick service that complements the shortcomings of existing senior subway delivery and motorcycle quick services, and plans to revamp its own website service within this month.

Silver tech startup ‘Korea Senior Research Institute’, leading digital incubating of home care services, secured a Series A investment worth 11 billion KRW from SoftBank Ventures, Hashed, Singapore-based Guardian Fund, and Spring Camp.

With this investment, ‘Korea Senior Research Institute’ plans to expand the nationwide care partner network of its home care service brand ‘Smile Senior’ and aggressively pursue M&A in the silver market.

Meanwhile, the district is promoting the ‘Gwanak S Valley’ project to create a startup hub where universities, companies, and the local community coexist by developing Nakseong Venture Valley centered on Nakseongdae and Sinlim Startup Valley centered on Daehak-dong. This aims to create quality jobs and revitalize the local economy. As of 2021, it has achieved approximately 10 billion KRW in sales and 26 billion KRW in investment attraction.

A district official said, “Despite the difficulties caused by COVID-19, resident companies are turning the crisis into an opportunity and producing remarkable results in various fields. We will continue to provide wholehearted support for their global expansion and investment attraction.”

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