The Seoul Digital Foundation held a “Stage Eureka” at COEX on the 9th and selected 15 startups to accompany the CES event next year.
The contest was promoted to enhance the business performance of participating companies in the CES Seoul Pavilion. The intention is to support companies with outstanding technology to increase their ability to enter overseas markets by selecting them early.
The Seoul Metropolitan Government participated in CES for the first time this year and achieved great results, including a contract worth 19.6 billion won. Next year, it plans to use CES as a bridgehead for promising startups to advance into overseas markets by more than doubling the size of the Seoul Pavilion and expanding the number of companies from 20 to 50.
In the contest, 40 companies in the fields of smart transportation/environment, smart safety/health, and smart economy/living that had been raised through document screening participated in competition. Accelerators and investors, such as Korea Investment Partners, Lotte Accelerator, and Mirae Asset Venture Investment, acted as direct judges to verify the company’s technology, overseas expansion potential, and pitching ability.
According to the results of the screening, three companies were selected for the best awards Piquant (CEO Do-yeon Pi) in the field of smart transportation and environment, Mediwhale (CEO Choi Tae-geun) in the field of smart safety and health, and Wayne Hills Ventures (CEO Lee Soo-min) in the field of smart economy and living. In the case of excellence awards, a total of 12 companies were selected, four by sector.
The foundation held an awards ceremony and awarded the Seoul Digital Foundation’s chairman and prize money and prizes of 10 million won to the best companies, and the sponsoring institution’s director award and prize money and prizes of 4 million won to excellent companies.
These companies will be provided with overseas market entry training, accelerating, and domestic and foreign investors and buyers linkage benefits to expand business performance. The Korea International Trade Association, a sponsor of “Stage Eureka,” and the Korea Startup Forum, N15, AVING News and Gangnam Startup Forum will cooperate.
Lee Soo-min, CEO of Wayne Hills Ventures, who won the top prize in the smart economy and living field, said, “As CES is an international stage that attracts the attention of companies, media, and investors around the world, we will make every effort to prepare the remaining time so that it can become a foothold to advance into overseas markets. I will do it.”
Meanwhile, the Seoul Digital Foundation is also conducting general recruitment for companies wishing to participate in CES 2021 Seoul Pavilion from 21st to the 14th of August .