Four 'IST' Teams Compete in a Single Match... Joint Startup Competition of Science and Technology Institutes Held in Ulsan

UNIST·KAIST·DGIST·GIST Participation

'2022 Institute of Science and Technology Joint Startup Competition' Promotional Poster

[Asia Economy Yeongnam Reporting Headquarters Reporter Hwang Du-yeol] The '2022 Science and Technology Institutes Joint Startup Competition' will be held for two days on the 27th and 28th at the Lahan Hotel in Ulsan.

The event is sponsored by the Ministry of Science and ICT and jointly hosted by the four major science and technology institutes: UNIST, KAIST, DGIST, and GIST.

The Joint Startup Competition was organized to encourage students and startup companies affiliated with the four major science and technology institutes and to promote a laboratory-based startup culture by fostering cooperation among various innovative entities.

On the first day of the event, the 27th, a '1:1 Investment Networking Day' for student startups will take place.

IR presentations and investment meetings will be held between pre-registered startup companies and major domestic investors. Participating investment firms include prominent domestic venture capital companies such as Kakao Ventures, Bluepoint Partners, Fast Ventures, and IPS Ventures.

On the 28th, two startup teams from each university will be selected, making a total of eight teams competing in the finals of the startup competition.

Based on each team's presentation and the judges' evaluations, awards and prizes will be given to the teams with outstanding performance.

The grand prize includes the Minister of Science and ICT Award and a prize of 5 million KRW. The top two teams, including the grand prize winner, will receive priority SAFE investment rights worth 100 million KRW from Mirae Science and Technology Holdings and opportunities for recommendation to the TIPS program.

Kwon Soon-yong, Director of Industry-Academic Cooperation at UNIST, said, "As startup entrepreneurs representing each science and technology institute, I hope they demonstrate excellent startup capabilities," and added, "I hope this will be an opportunity for friendly competition where they encourage and develop each other."

UNIST operates the Southeast Region Laboratory Startup Innovation Group, Innopolis Campus, and Startup Leading University projects, which are overseen by the Ministry of Science and ICT.

The institutes are making efforts to ensure that innovative technologies from universities and research institutes in the Ulsan and Busan-Ulsan-Gyeongnam (Bu-Ul-Gyeong) regions are not limited to simple technology development but are connected to student startups.

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