Seoul National University and Born2Global Center boost youth entrepreneurship with first-ever growth camp

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The 7 startups that were chosen for the camp through a rigorous selection process include: Aizen (NFT auction platform for YouTube creators), Artificial Society (learning disability diagnosis and treatment solution based on AI), Cigro (data-driven business management solution for e-commerce companies), Coxwave (AI Engine Delivery Solution for All), K-CBD (Development of Functional Health Products Using Medical CBD), Prism39 (Quantitative Investment Strategy Automation Platform Using Global Financial Big Data) and Smatech (Health management solution for fatty livers and 10 major diseases).

The camp had 3 components: 1) specialized training sessions to build skills in various fields, such as management, patents, public relations, marketing and fundraising for global expansion; 2) practical business briefs (IR) by local and international venture capital firms (VCs); and 3) exclusive mentorship with experienced entrepreneurs.

Speakers included Born2Global Center Director General Jongkap Kim, Born2Global Center Director of International Cooperation Sokjin Chang, Business Coach for 500 Startups and Skydeck Samir Ghosh, Associate Director of Hong Kong-based on BraveSoldier Venture Capital Derek Kwik, co-founder and CEO of Adriel Sophie Soowon Eom, patent attorney Byung-jun Song and partner of Big Basin Capital Sunki Hong.

As business management mentors, representatives from MEDI FUTURES, Toss Lab, Dtonic, Dot, Checker, The.Wave.Talk and VisualCamp, all of whom are members of the Born2Global Center, participated in the process. As investor mentors, executives from SparkLab Ventures, Platinum Investment, Bluepoint Partners, Big Basin Capital, Mark & ​​Company and DTCP (Deutsche Telekom Capital Partners) shared their management and investment knowledge.

The last day, Aug 13, a corporate briefing was held in front of international and local VCs to select one of the 7 startups that completed the training to help cover the cost of producing the prototype. Each team presented their service and technology in a set time, followed by a question-and-answer session. Five VCs abroad from United States, South East Asia, Latin America, and China participated in the evaluations.

In the end, Coxwave won the all-around and won the 20 million KRW ($ 17,000) grand prix, with Aizen in second place for the KRW 10M ($ 8.5K) price. Coxwave provides AI engines that use container technology to create portable files that can be run in any environment, as the status of AI projects can be checked on various devices through the web interface. Aizen allows YouTube creator content to be marketed as NFT through auctions using KRW instead of virtual currency used by other existing NFT platforms.

In addition, all companies participating in this intensive growth camp will benefit from continued support to advance in the global market through investment and technology matching opportunities.

Jongkap Kim, Managing Director of Born2Global Center, said, “The series of activities of Born2Global Center should lay the foundation for Korean companies to improve their status in the global market. As an intensive growth camp with Seoul National university provided new direction and perspective to young startups, we will spare no effort to support them to become the future of Korean startups. ”

Heon-Seok Oh, the head of Seoul National university Siheung Campus, said: “The startups that participated in the intensive growth camp held in Seoul National university Siheung campus had the opportunity to demonstrate its abilities through various activities that have pushed its limits, learning a lot in the process that will open new doors and new dreams. Siheung Campus Headquarters will do their best to support the future of young startups so that the best talents can discover new possibilities, challenging the future through the best educational programs in the best facilities. “

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