It’s been three years since I met my friends in the Korean innovation scene and I couldn’t miss it Korea-US Startup Summit (aka Korea-US SMEs go TOGETHER) innovation event in New York City on September 20th and 21st, 2022.
The event features Startup Pavilions from major companies such as Google, Hyundai Motor Group and Naver Cloud. Each is home to a handful of startups demonstrating products at various stages of development from early to mature and generating cash flow.
The event is organized by KISSEDthe Korea Institute of Startup & Entrepreneurship Development, a government organization. Its goal is to help Korean companies gain a global reach and facilitate foreign companies’ operations in Korea.
We met with Kim Yong-moon, the KISED President since May 2021. He explained that KISED helps the national economy by nurturing many startups to their maturity point. Eventually, these companies will mature or be bought out by more prominent players.
KISED is backed by significant funding from the South Korean government and is raising up to 6000 startups, which is an impressive number by any standards. Sourcing starts with finding entrepreneurial university students and training them on commercial and technical issues.
KISED finances and supports in administration and marketing areas, similar to what an incubator would do. It also works alongside or with specialized organizations charged with similar goals. Ultimately, this activity brings KISED a global view of startup entrepreneurship and allows the government to streamline its regulations with a view to local and international growth.
Among the companies we will be speaking to, here is a partial list, grouped by their pavilion. We asked every company to do this describe yourself:
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PLAY HARD: Producing mobile games for the global market – with fast time to market (6 to 10 months) and internal UA campaign. The latest game, Hero Factory, is an easy-to-play idle RPG in which you defeat monsters with heroes that you produce in your factory. Upgrade your factories with the gold you’ve earned to send even more and even stronger heroes onto the battlefield.
SPACE CURIOSITY: Development of services and brands for K-POP fandoms including Blip and KPOP-RADAR to be showcased at the event. Blip is the app that informs K-Pop artists’ schedules and sells related products. KPOP-RADAR is the world’s first and only data service dedicated to K-pop fandom – analyzing and visualizing SNS data from over 700 Korean artists. SiriusXM uses KPOP-RADAR for its weekly trending K-pop chart show every Thursday.
Sticky Hands Inc: Mobile game developer specializing in hybrid solitaire games. Will introduce two Solitaire mobile games – Solitaire Cat Islands (Adventure) and Solitaire Farm Village (Management).
Teuida Inc: Korean digital learning application provides interactive simulations in which users talk with native Korean people in various real life situations to practice Korean language skills.
Supported by Hyundai Motors
60 Hertz: Providing software and services that optimize the operation and maintenance of small and decentralized renewable energy sources. Its forecasting application oversees the weather of ~80000 solar and wind farms simultaneously, with AI forecasting maximizing future power generation. Its integrated renewable energy control system generates statistics based on energy consumption data.
Makina Rocks: Offers the Runway MLOps platform that implements AI models and AI solutions such as anomaly detection and control optimization.
MOBILE TECH: “Replica City” 3D city data service provider, real-time update of the latest city data by MOBILTECH update technology. The service applies to self-driving services, urban development and public utility maintenance.
MYCELIUM: Manufacture of cultured fungal biomass products including Myco Leather and MYCELIUM Protein.
POEN: Focusing on Energy Epicycle Technology, recycling used EV batteries into a brand new energy source.
TEST WORKS: Developer of AI data crowd sourcing platform “aiworks” which collects data and then processes it until inspection and delivery. Supported by advanced computer vision and 3D data processing.
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ARGOSDYNE: Builds the integrated operation platform for all types of unmanned vehicles with ease of use and great flexibility.
ARIA Edge: Offers a package that combines AR and AI to increase the efficiency and reliability of industrial factories. It automates and streamlines the factory management system with fast and accurate data digitization through AR and AI technologies. Presenting CollectAR, CollabAR, PassAR – all included in the package – at the event.
FutureMain: Develops a smart factory solution that brings together big data and AI for machine data analysis and automatic fault diagnosis with root cause determination.
I-ESG: Presents an AI/Big Data-enabled all-in-one solution to solve ESG/B2B/SaaS problems. Also presents an ESG database platform that manages ESG statistics and delivers personalized ESG solutions
The MORAI: Develops simulation platforms to verify the safety and reliability of autonomous vehicles – including cars and airplanes. Also developing a 3D traffic management system that monitors traffic using V2X information.
Featured at K-Startup Center
Blue Signum: Established online platform for psychotherapy, personalized for each user.
GREEN WHALE Global: Energy resource company producing biodegradable plastic resins and products, such as bags, vanity cases, bottles, trays, EP, woven fabrics, etc.
lawfully: AI & Fintech service for US immigrants with identification data analysis and customized financial services. Presenting groundbreaking solutions to the US immigration market problem since 2017 by providing case tracking, case analysis, mock interviews and legal advice.
Picurate: Knowledge curation platform based on collective intelligence and artificial intelligence. Its link management platform connects everyone’s research, shortens information retrieval time, and provides most-needed knowledge through AI recommendations.
VPIX Medical: Healthcare technology company with real-time digital biopsy platform for cancer surgery (B2B) – cCeLL.
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