Jokwang Paint-Gyeonggi Center for Creative Economy and Innovation Selects 4 Innovative Startups

'2022 Open Bridge with CHOKWANG' kickoff event group photo with Gasa CEO. From the left, Yang Seong-a, CEO of Chokwang Paint, Professor Kim Tae-hyun, CEOs of Magenta Robotics, Chemipolio, Zerabrid, and Shin Hyun-sam, Director of Gyeonggi Innovation Center.
[Photo by Chokwang Paint]

[Asia Economy Reporter Kim Jong-hwa] Chokwang Paint announced on the 17th that it has selected four innovative startups to collaborate with Chokwang Paint through the '2022 Open Bridge with CHOKWANG' program in partnership with the Gyeonggi Center for Creative Economy and Innovation.

'2022 Open Bridge with CHOKWANG' is a program where Chokwang Paint provides support for PoC (Proof of Concept), including task matching with internal business departments and technical support for task resolution, while the Gyeonggi Center offers customized accelerating programs such as business model capability enhancement and investment linkage according to each company's business stage.

A total of 41 startups applied for this program, and four were finally selected through document and presentation evaluations. The selected companies, chosen through a 13:1 competition ratio, are ▲ Zerabrid Co., Ltd. (composite separator for secondary batteries), ▲ Chemipolio Co., Ltd. (eco-friendly phenol substitute derived from cashew nuts and advanced material development), ▲ prospective entrepreneur Kim Taehyun (bio-chemical basic materials), and one company directly discovered by Chokwang Paint ▲ Magenta Robotics Co., Ltd. (intelligent painting robots).

The four selected companies will proceed with PoC based on tasks derived together with Chokwang Paint's business departments. PoC refers to the stage of pre-verifying performance and technology before introducing new technology in companies and will be conducted in three fields: ▲ materials (functional materials, battery materials, etc.), ▲ energy·ESG, and ▲ others (potential industrial field materials, etc.).

Yang Sung-ah, CEO of Chokwang Paint, said, "We hope this collaboration will be an opportunity for startups and Chokwang Paint to grow together," adding, "We expect to quickly commercialize the innovative technologies developed through this and create results that make the world a better place."

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