Seoul Business Agency Selects 12 Promising Companies to Strengthen Competitiveness in XR Sector

Support for Market-Friendly Production and Improvement, Enhancing Product Competitiveness

[Asia Economy Reporter Lim Cheol-young] The Seoul Business Agency (SBA) announced on the 3rd that it has finally selected a total of 12 companies as a result of the recruitment and evaluation for the ‘2022 XR Product and Service Production and Improvement Support Project.’

Companies selected for this support project will be linked to user-participatory evaluation, performance evaluation, and quality evaluation services at the ‘Seoul XR Demonstration Center’ according to the type of products and services they possess.

This year, 12 companies were finally selected: 10 companies under Track 1 and 2 companies under Track 2. Track 1 is a category supporting small and medium-sized enterprises (SMEs) that are producing and developing XR products and services to complete excellent and competitive products and services. The selected companies are Letsee, Mangrove, Bizwave, Space Elvis, Aroundi Counseling Research Institute, AIba, Wave Company, Class VR Korea, Clickt, and Perspective.

Track 2 is a category supporting SMEs with products and services about to be launched on the market to improve usability and market competitiveness. Sconex Entertainment and Stoic Entertainment were selected.

Lee Jae-hoon, Head of the Industrial Hub Division at the Seoul Business Agency, emphasized, “XR is a core growth industry in Seoul with the potential to innovate the traditional industrial structure and drive economic growth,” adding, “We will spare no support to strengthen the growth and competitiveness of SMEs in the XR field to revitalize the XR industry.”

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