Gwanak S Valley Solive Ventures and Idea Ocean Win 'CES Innovation Award'

Successful Support for Local Startups' Overseas Expansion Drives 'Gwanak S Valley 2.0' Progress... Completed Recruitment of Participating Companies in August, 8 Companies Approved by US CTA Scheduled to Participate

A startup company in Gwanak S-Valley has won the 'CES Innovation Award' from the Consumer Technology Association (CTA) in the United States. With this, Gwanak-gu (Mayor Park Junhee) has once again risen as a mecca of venture startups, promoting Gwanak S-Valley to the world.

Established in 1976, the 'CES Innovation Award' is given to products from companies that showcase the most innovative technology before the International Consumer Electronics Show (CES) is held. CES is the world's largest information technology (IT) and electronics exhibition, hosted annually by the Consumer Technology Association (CTA) every January in Las Vegas, USA.

This year, the district signed an agreement with the Seoul Business Agency (SBA) and recruited innovative companies to participate in the CES scheduled for January next year.

The Seoul Business Agency (SBA) is creating the 'CES 2024 Seoul Pavilion,' which will house about 85 companies. The district plans to establish the 'Gwanak S-Valley Zone' within the Seoul Pavilion and provide exhibition booths for eight companies from the district.

After recruiting participating companies, the district submitted applications to the Consumer Technology Association (CTA). On November 15, local time in the U.S., two companies from Gwanak S-Valley (▲Solive Ventures ▲Idea Ocean) were approved to participate in the exhibition and honored with the 'CES Innovation Awards.'

'Idea Ocean,' scheduled to participate in the 'CES 2024 Seoul Pavilion,' won in the 'Artificial Intelligence category.' Notably, Solive Ventures, also participating in the 'Gwanak S-Valley Zone,' achieved the remarkable feat of winning simultaneously in two categories (▲Digital Healthcare ▲Accessibility).

The district and the Seoul Business Agency (SBA) plan to support the eight confirmed companies participating in the 'Gwanak S-Valley Zone' by providing ▲exhibition booths ▲airfare (up to 3 million KRW per company), as well as ▲business matching and training ▲one-on-one local interpretation to enhance exhibition outcomes.

The eight companies are in the fields of bio, healthcare, data, and manufacturing. They will actively promote their products for overseas market entry through product explanations and demonstrations at the prepared exhibition booths.

Meanwhile, since Mayor Park Junhee took office in the 7th local government, the district has been focusing on the 'Gwanak S-Valley' project, actively supporting the stable growth and attraction of startup companies in the region.

As a result, 'Gwanak S-Valley' has gained attention, being selected this year as a rapid promotion project for balanced development in the southwestern area of Seoul. Moreover, resident companies have shown increasingly visible achievements in overseas market entry, having won the 'CES Best Innovation Award (Software & Mobile Apps category)' not only this year but also last year.

Going forward, the district plans to continue supporting the strengthening of startups' capabilities through the Gwanak S-Valley 2.0 project, making every effort to create an innovative economic ecosystem leading venture startups.

Mayor Park Junhee said, "Supporting local companies' entry into overseas markets is an important catalyst for their growth and expansion," adding, "We will actively promote the Gwanak S-Valley 2.0 project without losing our initial resolve and further develop Gwanak into a Korean-style Silicon Valley."

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