25 Large and Mid-sized Companies Support Ultra-gap Startup Innovation

Korea Startup Promotion Agency Hosts 'Inno Wave Reverse Pitching Day'
LG Display, SK Ecoplant, and Others Present Demand Technologies in Public Pitching

The Korea Institute of Startup & Entrepreneurship Development announced on the 17th that it held the ‘Inno Wave Reverse Pitching Day’ event at the Four Seasons Hotel in Seoul to promote collaboration between leading-edge startups and large and medium-sized enterprises.

For startups in new industries to enter the global market, collaboration through open innovation with large and medium-sized enterprises that possess infrastructure and domestic and international networks is essential. This event was organized to help startups find collaboration partners, with 25 large and medium-sized enterprises including LG Display and SK Ecoplant, and 98 leading-edge startups participating.

Photo by Getty Images Bank

At the event, startups proposed collaboration projects in response to demand technologies presented by large and medium-sized enterprises. Following this, the first round of evaluation by a panel consisting of demand companies and technical experts will be conducted, and the final evaluation is scheduled to take place at the ‘Inno Wave Day’ in September.

Selected startups will receive support such as funding necessary for carrying out collaboration projects and technology verification from the matched demand companies. Cheon Yeol-su, Acting President of the Korea Institute of Startup & Entrepreneurship Development, stated, “We will continue to expand demand-driven collaboration programs so that the results of collaboration through open innovation can be commercialized and startups can secure global competitiveness.”

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