ICT InnoFesta 2021 Held... Leading the Digital Transformation

[Asia Economy Reporter Seulgina Cho] The Ministry of Science and ICT announced that it will hold ‘ICT InnoFesta 2021’ on the 25th at KINTEX in Ilsan.

ICT InnoFesta is a representative event of the ICT small and venture industry that honors the contributions of venture and startup companies and related personnel who contributed to the development of the ICT industry throughout the year, and forecasts the future of the ICT industry. This year, it is held under the theme of ‘The Era of Digital Transformation, the Future of the ICT Industry.’

The event will begin with a keynote speech by Baek Junho, CEO of Furiosa AI, followed by an awards ceremony, startup investment attraction briefing and lecture, ICT seminar, ICT venture and startup business consultation, and an exhibition of non-face-to-face leading services in daily life sectors.

At the awards ceremony, nine innovative companies that contributed to the development of the ICT industry in three fields?5G, intelligent information, and ICT innovation?will receive the ‘Korea ICT Award,’ and 11 outstanding ICT small and venture entrepreneurs and related contributors, as well as two outstanding companies, will be awarded ‘Contributor Awards.’ The ICT award-winning companies include Atoriseo (5G), IT Eyes (Intelligent Information), CSRI Co., Ltd. (ICT Innovation - Jobs), B2N (ICT Innovation - New Growth), GeoC Co., Ltd. (ICT Innovation - Overseas Expansion), and Doumi GTS (ICT Innovation - Welfare), among others.

In the startup investment attraction briefing and lecture, 10 finalist teams among 33 teams participating in the ‘K-Global Startup Contest’ will introduce their core technologies and seek investment, and Hyunho Park, CEO of Kmong, will share his challenge and growth story.

At the ICT seminar, domestic ICT experts will discuss the latest technologies and issues in the ICT field, such as ‘The World Changed by Big Data Science and AI,’ ‘Current Status and Challenges of the Metaverse,’ and ‘Digital Transformation Strategies and Implementation Methods.’

This year’s business consultation will discover business opportunities through one-on-one consultations between about 10 ICT venture and startup companies and the three major telecommunications companies. At the non-face-to-face leading service support company exhibition, the achievements of 12 non-face-to-face service projects in daily life sectors over the past year will be reported, and each company will demonstrate their non-face-to-face services.

Ryu Jemyung, Director of the Information and Communication Industry Policy Bureau at the Ministry of Science and ICT, said, “The recent ‘Second Venture Boom’ is based on the challenges of entrepreneurs and venture people,” and added, “The government will also spare no support so that startups’ continuous challenges and innovations can lead the era of digital transformation.”

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