Sunchon National University Hosts 2022 Startup Club Mock Investment IR Competition

Awards for Two Business Divisions: Startup Club (5 Teams) and Venture Club (6 Teams)

[Asia Economy Honam Reporting Headquarters, Reporter Heo Seonsik] The Startup Support Group of Suncheon National University (President Ko Youngjin) announced that it held the ‘2022 Startup Club Mock Investment IR Competition’ on the 22nd at the university’s International Culture Convention Center.

The event was organized as a realistic experience where mock investors, composed of startup company representatives, made simulated investments in excellent startup ideas and prototypes, allowing students with little investment experience to directly experience fundraising through product presentations. The competition was divided into two business club categories: 2022 Startup Clubs (5 teams) and Venture Clubs (6 teams).

The grand prize (Startup Support Group Director’s Award) in the Startup Club category was awarded to the ‘Durumari Team (Team Leader Park Sohyun, Department of Fashion Design)’ for developing the startup item ‘Luminous Umbrella & Case.’ The excellence award (Startup Support Group Director’s Award) went to the ‘Suncheonmiin Team (Team Leader Lee Kyungsoo, General Public)’ who proposed a premium distilled liquor using rice from the Suncheon area, and the merit award was given to the ‘Jasusungga Team (Team Leader Seo Minju, Department of Fashion Design)’ who prepared street casual clothing.

In the Venture Club category, the grand prize (Startup Support Group Director’s Award) was awarded to the ‘SAVIOR Team (Team Leader Jang Jinhyuk, Major in Multimedia Engineering)’ developing a ‘Ship Integrated Notification System.’ The excellence award (Startup Support Group Director’s Award) went to the ‘Geumsujo Team (Kim Jaehun, Graduate Student in Information and Communication Engineering)’ who prepared a smart aquarium item, and the merit awards were given to the ‘COCKS Team (Jo Haesung, Major in Trade)’ who developed a cocktail kit and the ‘The Care Team (Ko Kyungil, Graduate Student in Artificial Intelligence Department)’ developing a smart house system for small animal breeding.

The winning teams in the Startup Club category were selected based on presentation evaluations followed by the order of investment amounts from the mock investors. The five selected teams received a total of 18 million KRW in support funds, including a grand prize of 5 million KRW and additional investment funds from the mock investors as extra support for the clubs.

The Startup Support Group of Suncheon National University plans to continuously provide various support such as securing intellectual property rights for the technical protection and commercialization of the ideas of the winning teams, as well as expert mentoring.

Asia Economy Honam Reporting Headquarters, Reporter Heo Seonsik hss79@asiae.co.kr

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