IBK, 54 Client Companies Win CES Innovation Awards

Among 74 Companies Awarded the Innovation Prize, 31 Received Investment and Financing Support
Average Support Amount per Company is 1.31 Billion KRW

[Asia Economy Reporter Park Sun-mi] IBK Industrial Bank of Korea announced on the 17th that 54 client companies received CES Innovation Awards at the International Consumer Electronics Show ‘CES 2022’ held in Las Vegas, USA.

The exhibition, held from the 5th to the 7th, featured over 2,200 companies from 150 countries showcasing their flagship products. The Consumer Technology Association (CTA), the organizer of CES, comprehensively evaluated innovative technologies and products leading the world and selected the award-winning companies. Among the 74 Korean small and venture companies that won CES Innovation Awards, 54 are clients of IBK, and 31 companies, accounting for 42%, received investment and financing support. The average support amount per company was 1.31 billion KRW.

In particular, V-Touch, which developed ‘Spatial Touch Home’ that controls devices by recognizing movements through artificial intelligence (AI), and Chamcare, which developed a wristwatch-type precision blood pressure monitor, are companies that received venture capital support from IBK. Kim Seok-jung, CEO of V-Touch, said, “With IBK’s investment support, we succeeded in technology development and achieved good results at CES,” adding, “We will create greater achievements in the virtual touch market going forward.”

Additionally, eight companies including Bitsensing (Mapo 2nd phase), which developed the 4D image radar solution ‘AIR 4D,’ and VisualCamp (Guro 2nd phase), which developed AI-based gaze tracking software ‘SeeSo,’ are graduates of IBK’s flagship startup nurturing program, IBK Changgong.

An IBK Industrial Bank of Korea official stated, “We congratulate our client companies on winning the CES Innovation Awards and will continue to support innovative finance for small and venture companies with technological capabilities and future growth potential so that domestic startups can thrive in the global market.” Meanwhile, IBK announced a plan to supply 1.5 trillion KRW in venture capital over three years from 2020 to 2022 to strengthen support for innovative companies and supplied about 1 trillion KRW by the end of last year.

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