Aldeba and Lion Robotics Selected as 'K-Startup' Grand Champions of the Year
The Ministry of SMEs and Startups announced on the 31st that it held the 'Challenge! K-Startup 2023' Grand Championship over two days starting from the 30th at V Space in Jung-gu, Seoul, selecting 20 final winning teams including the grand champions (grand prize) of each league.
The grand champion (prize money of 300 million KRW and the Presidential Award) of the Startup League, targeting startups within three years of establishment, was awarded to Aldeba (ALDAVER). Aldeba is a company that produces realistic surgical training simulators based on synthetic technology of biomaterial polymers that mimic the physical properties of the human body.
The grand champion (prize money of 150 million KRW and the Prime Minister's Award) of the Pre-Startup League, targeting prospective entrepreneurs, was Lion Robotics. Lion Robotics received high praise for unveiling 'Raibo,' a quadruped walking robot with stable walking capabilities in rough terrain.
Winning teams will receive follow-up support benefits such as preferential evaluation for startup commercialization projects including the 2024 Pre-Startup, Early-Stage, and Leap Packages, in addition to prize money and certificates according to the award level.
Minister Lee Young of the Ministry of SMEs and Startups said, "Those who won today are Korea's representative startups leading the digital economy," adding, "The Ministry of SMEs and Startups, together with related ministries, will spare no policy support to help them grow into global startups."
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'Challenge! K-Startup 2023' is the largest domestic startup competition operated collaboratively by 11 government ministries including the Ministry of SMEs and Startups. This year, 6,187 teams participated, and 20 winning teams were selected through preliminary leagues, integrated finals, and the grand championship. The nine-month-long journey concluded with a competition ratio of 309 to 1.
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