SparkLabs Selects 4 Startups for 22nd Acceleration Program

Over 250 Teams Applied... 18-Week Specialized Program

Early-stage startup accelerator SparkLabs announced on the 10th that it has selected four companies to participate in its 22nd startup acceleration program and has officially started the program.

For this 22nd program recruitment, over 250 early-stage startups applied, resulting in a high level of competition. Four startups were selected from various fields including artificial intelligence (AI), ESG (environment, social, and governance), software as a service (SaaS), and finance.

In the AI sector, Amberroad, the operator of 'Minor Report,' an AI-based manufacturing productivity improvement solution, was selected. Amberroad is a POSCO in-house venture company that developed its service based on eight years of experience conducting AI projects at various POSCO manufacturing sites, supporting productivity improvement in manufacturing processes.

Startup representatives selected for the SparkLabs 22nd batch acceleration program are posing for a commemorative photo.

In the ESG sector, Rebit, which provides the carbon emission management solution 'Tansolution,' was selected. Tansolution allows corporate managers to easily register and monitor emissions and offers a report generation function according to global standard guidelines.

Additionally, Invest Tech startup Koopa, which provides investors with market trends and key information, and Moba, a calendar-based project management tool platform, will receive support from SparkLabs.

SparkLabs will provide the four final selected startups with initial investments of up to 100 million KRW and conduct an approximately 18-week program. Each company will be assigned a lead partner and a dedicated manager to conduct one-on-one company diagnostics as well as various sessions with industry expert mentors. At the end of the program, a private demo day will be held to provide opportunities for business presentations and networking to attract follow-up investments.

Kim Yoo-jin, CEO of SparkLabs, said, "Based on the know-how and data accumulated over the past 12 years, we will build not only follow-up investment attraction but also an overseas expansion roadmap together," adding, "We will spare no support by utilizing SparkLabs’ global network spanning various continents and countries such as the United States, Taiwan, Australia, and Saudi Arabia."

Meanwhile, since 2012, SparkLabs has selected two cohorts annually to support the growth of early-stage startups. Last year, it invested in 27 companies, and to date, its startup portfolio includes 320 companies.

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