CJ Completes 'Obentus Plus' Demo Day for Startup Discovery and Growth

Introduction to Innovative Services and Technologies of 10 Promising Companies Selected for 'Obentus Plus'

[Asia Economy Reporter Eunmo Koo] CJ announced on the 20th that it successfully concluded the demo day of 'O!VentUs Plus (CJ O!VentUs Plus),' a program to discover and nurture startups with innovative technologies in the cultural content sector, in collaboration with the Seoul Creative Economy Innovation Center.

At this demo day, 10 companies selected as promising startups for O!VentUs Plus last August?Toonimotion, XL8, Eogada, Sidewalk Entertainment, Slate Media, Netstream, Youround, Prokian, OurTube, and Uju Stationery?presented their innovative content, solution technologies, and services.

The judging was conducted by a panel of five experts, including CJ Investment, Primer Saje Partners, SparkLabs, and The Invention Lab LX Investment. The evaluation committee selected three top companies based on growth strategy, innovativeness, business feasibility and scalability, and team expertise.

XL8, Prokian, and Youround received the grand prizes, each awarded 10 million KRW. CJ plans to continue supporting the participating companies by helping them seek investment opportunities.

A CJ representative stated, “O!VentUs will serve as a platform for promising startups and large corporations to create synergy,” adding, “We will continue to make every effort to support the growth of the cultural content industry based on CJ Group’s management philosophy.”

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