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[Planning] Incheon Creative Economy Innovation Center Leads Startup Ecosystem with Startup Innovation Growth Process
Author
관리자
Date
2023-12-27 12:36
Views
538
https://www.etnews.com/20231222000113
Startups are changing the economic ecosystem by competing with large, medium-sized, and small businesses and pioneering new markets with innovative ideas and challenging spirit. However, not all startups have "flower paths." According to the Korea Chamber of Commerce and Industry, the survival rate of startups in the fifth year of domestic startups as of 2020 was only 29.2%.
Start-ups in their third to fifth years of business are struggling to overcome Death Valley. Even if they have excellent ideas, great teams, and capital, they may experience unexpected difficulties such as incorrect speed control due to growth and surrounding conditions or close their doors.
Accordingly, the Incheon Creative Economy Innovation Center (Director Lee Han-seop) is Incheon's No. 1 accelerator, revitalizing the start-up and investment ecosystem in the Incheon area.
The Incheon Changgyeong Center accelerates the innovative growth process of startups through direct investment by early companies, R&D support through TIPS support, investment through venture capital (VC), investment projects using Big Wave corporate briefing (IR), and global expansion projects.
The Incheon Changgyeong Center is the official operating institution of the "Incheon Big Wave Mo Fund," which was created by Incheon City as the first and largest local government.
The Incheon Big Wave Mo Fund is in its third year of operation this year with the aim of creating a fund worth a total of 600 billion won by investing 60 billion won for four years from 2021. The Incheon Changgyeong Center has so far invested 22.5 billion won in 21 funds formed by investment companies to create a total of 611.3 billion won. It has exceeded the original target of 600 billion won.
In particular, it launched the "Big Wave Investment Promotion IR Project" with Incheon City in 2021, with a total of 59 companies and a total of 1,200 investment partners online and offline participating so far this year, and has achieved more than 130 billion won in investment attraction. A total of 400 companies applied to recruit participating companies this year, recording the highest competition rate ever, 22:1.
In addition, all four investment and recommendation companies of the Incheon Changgyeong Center were selected for the tips program of the Ministry of SMEs and Startups this year.
In addition, the Incheon Changgyeong Center plans to discover 100 young start-ups and foster them as global CEOs with 10 billion won in business expenses from the Incheon Metropolitan Government from this year to 2026 in order to advance into the global market. This year, 10 start-ups were selected, the first year of the project, and two of the three companies decided to set up overseas subsidiaries in the U.S. and Vietnam. The other one has an export contract with Saudi Arabia.
Lee Han-seop, head of the center, said, "As a result of the Incheon Big Wave Fund investment project with active support from Incheon City, we were able to expand the interest of investors focused on Seoul and Gyeonggi to Incheon."
◇V to V
People arrive anywhere in the metropolitan area in three hours by public transportation, but why can't the goods arrive so quickly? V2V (CEO Choi Sang-soo), which provides a courier service specializing in urban logistics, has solved this problem.
It is the service 'Today' using a network called a 'public transport network'. This is a transplant of the operation method of the 'public transportation network' into urban logistics, and it can be seen that the cargo version of the public transportation network was created in the metropolitan area. It moves goods like people traveling on a bus.
Today has small urban hubs throughout the metropolitan area, connects them multiple times to form a mesh network, and trucks move between urban hubs in their areas to handle urban logistics.
CEO Choi Sang-soo said, "Today's service has been launched in the Seoul metropolitan area this year and is being used by more than 300 companies," adding, "As we have succeeded in attracting investment for the fourth time this year, we will focus on achieving a break-even point (BEP) next year through a full-fledged scale-up."
◇ Astrogen
Woo Young-woo, a strange lawyer who aired last year, impressed viewers on the subject of autism spectrum disorder.
Astrogen (CEO Hwang Soo-kyung) is a company that develops treatments for incurable neurological diseases in many children. In addition to AST-001, which has autism spectrum disorder as an indication, it is researching and developing follow-up pipelines for new drugs such as attention deficit hyperactivity disorder (ADHD), sleep apnea, ret syndrome, draves syndrome, and Parkinson's disease.
In order to generate domestic sales, the company is set to show early sales and operating profit by attracting investment from KOSDAQ-listed Korea Pharma, which has strengths in CNS R&D and sales, and granting consignment sales rights last month. Despite the market conditions in which investor sentiment for bio ventures is very difficult, Astrogen has achieved the result of attracting more than 10 billion won in investment originally planned.
CEO Hwang Soo-kyung said, "Astrogen will apply for product approval to launch the world's first treatment for autism spectrum disorder in Korea in the future."
◇AIT Tech
Eight Tech (CEO Park Tae-hyung), a company that provides waste resource circulation solutions, introduced the artificial intelligence (AI) robot 'Eightron' for waste screening.
Atron selects AI-designated wastes through image learning of more than 2.6 million cases. Atron consists of real-time object detection and data collection by the recognition department, real-time monitoring by the monitoring department, waste type and feature analysis by the analysis department, object selection and data filtering by the conversion department, and screening commands by the selection department. When selecting personnel, it is 30 to 40 per minute, while Atron selects up to 96 per minute.
In addition, it has high work efficiency by selecting a total of 45 types of household wastes based on color and material such as PET bottles, aluminum cans, and glass bottles. This lowers 864 kg of carbon per year and increases the real recycling rate of waste, contributing to the resource circulation economy.
CEO Park Tae-hyung said, "We will create a smart city where robots separate waste through technological progress and creativity."
◇Mobic Wrap
Mobik Lab (CEO Lee Won-geun) provides a service to diagnose equipment failures using sound signals in the ultrasonic band.
Most mechanical devices and facilities produce signals of abnormal symptoms such as noise, vibration and smell (oil leakage). Mobik Lab collects acoustic signals in the ultrasound band, which are sensitive signals among noise generated by facilities, analyzes data with artificial intelligence, and provides diagnosis and failure prediction services on the current facility condition. Ultrasound is an acoustic signal in a band that humans cannot hear.
It also provides a service that notifies you when an abnormality occurs in the facility, determines what causes the abnormality, and predicts the remaining life. Mobik Lab completed attracting 1.5 billion won in investment in this year's Free A round and secured empirical cases of various facilities through collaboration with companies in the secondary battery, display, and industrial solutions sectors.
CEO Lee Won-geun said, "In addition to the manufacturing market, we will spread to fire safety and defense to establish ultrasound diagnosis standards."
◇ Do Remi faction
Do Re Mi-pa (CEO Kim Ah-reum), a company that automates the appearance inspection of used phones, was selected for the TIPS program in August.
For the used phone market, DoRefa provides a glass surface detection system based on artificial intelligence (AI) machine vision (object recognition AI technology) technology to solve the problem of rating mismatch caused by relying on visual inspection during used phone inspection.
The goal of Doremipa is to automate the appearance inspection of used phones. To this end, we applied for a patent by developing a device and system to inspect fine scratches on used phones, and this tip selection is the result of recognizing the data detection capability using these devices.
"The research funds through Tipps selection will help solve labor-intensive problems and automate them that occurred during the inspection of used phones," said Kim Ah-reum, CEO of Doremifa. "We will lead the standardization of the domestic used phone inspection market and provide services that are used in the global market in the future."
◇GEN
ZN (CEO Cho Young-min) introduced an automated solution service to check IoT device security vulnerabilities to prevent IoT security accidents. This service is an automated solution that can quickly and accurately identify various vulnerabilities that exist in IoT devices.
In fact, hackers analyze executable files in the firmware and attack IoT devices, which can quickly and accurately identify vulnerabilities that are still unknown through reverse engineering analysis (reverse engineering) on executable files from a hacker's point of view. GN was selected by Tips in recognition of its convergence security solution technology.
GN is planning to open its official service after conducting beta tests of solutions in the first half of next year, and is planning to quickly enter the global market, focusing on the U.S. and Europe.
CEO Cho Young-min said, "We will make it safe for anyone from smart homes to smart city areas to enjoy a smart world."
◇JNJ Tech
JNJ Tech (CEO Cho Sung-hoon), which developed the "Pharmaceutical Manager App," an automatic drug recognition and dispensing inspection solution using artificial intelligence (AI), was selected as a tip in October. The app was developed using AI object recognition technology to solve the difficulties of managing drug inventory that pharmacists are experiencing in the field.
The app has secured more than 10,000 customers within three months of its launch, and this selection of tips is the result of recognizing the capability of drug total management solution technology.
JNJ Tech will be able to receive up to 500 million won from the Ministry of SMEs and Startups for research and development and marketing over the next two years.
JNJ Tech shares growth with the Incheon Changgyeong Center by entering the global market and expanding the market.
CEO Cho Sung-hoon said, "We were able to grow through various start-up programs and various support programs such as tips at the center. We will use this opportunity as a stepping stone to launch and commercialize local apps in the U.S."
◇Od Eye
OddI (CEO Choi Soon-beom) is a company that provides high-quality AI vocal and voice synthesis solutions that can express emotions based on self-developed artificial intelligence (AI).
Odd-Eye's AI vocal generation system has modularized pitch, pronunciation, and style, which has the advantage of significantly reducing production costs compared to the manual-oriented music content generation industry. Odd-Eye has been recognized for vocal completion in international voice and music conferences and expert blind tests, and has secured competitiveness in terms of technology scalability by supporting multiple languages.
In addition, OddI has come up with an AI-based vocal generation solution called "Vox Factory." This is a solution that automatically generates a vocal that matches the melody or lyrics when input, and it is web-based and can be easily used by anyone. In June, she participated in a duet performance of singer Jo Su-mi and AI vocal, and recently participated in the release of an album by Park Sae-byeol, an antenna singer.
◇Jechi Global
Jitch Global (CEO Oh Joo-myung) is a company specializing in eco-friendly materials and develops material source patent technology based on R&D capabilities and expertise.
By utilizing this and applying it to household goods and construction materials, it is realizing low cost, high performance, and eco-friendliness. Jitch Global is planning to participate in CES this year and introduce various eco-friendly products and technologies.
Hybrid artificial turf is one of the core products. This product has functions that contribute to improving air quality by removing fine dust and suppressing production.
It also provides antibacterial treatment and heat shielding performance to resist viruses and bacteria and minimize damage caused by ultraviolet rays. This improves the durability of artificial grass and helps it maintain its function effectively for long-term use.
◇ Enable Labs
ABLabs (CEO Shin Sang) is a company that developed the liquid handling automation robot 'Notable'.
ABLabs revolutionizes the life sciences with state-of-the-art automation solutions that improve the efficiency, precision, and reproducibility of lab workflow.
This robot has the ability to automate liquid processing, a key process in bio experiments. Ablabs noted that many experiments were conducted manually in actual research sites, and that there was a problem that the reproducibility of the research was poor.
To solve this problem, ABLabs is developing a liquid handling automation robot, which seeks to automate repetitive and simple experiments to achieve high reproducibility, productivity, and research efficiency.
◇ Roots Wrap
Root Lab (CEO Kim Myung-won) is a company that develops alternative materials through waste upcycling.
Root's Lab develops and sells eco-friendly materials (stone cells) that replace microplastics and talc by upcycling fruits, immature fruits, and by-products generated during pear extraction. These new materials are used in cosmetics, non-drug products, and food.
In addition, it is highly likely to be used as a material that meets the trend of vegan and natural cosmetics, which has recently become a new trend in the cosmetics market.
Stone cells are extracted from the core of the pear shell or seed, and can be used in cosmetics, toothpaste, abrasives, and exfoliators. Root's Lab succeeded in mass production by extracting stone cells from the process of making discarded fruits and pear juice.
Startups are changing the economic ecosystem by competing with large, medium-sized, and small businesses and pioneering new markets with innovative ideas and challenging spirit. However, not all startups have "flower paths." According to the Korea Chamber of Commerce and Industry, the survival rate of startups in the fifth year of domestic startups as of 2020 was only 29.2%.
Start-ups in their third to fifth years of business are struggling to overcome Death Valley. Even if they have excellent ideas, great teams, and capital, they may experience unexpected difficulties such as incorrect speed control due to growth and surrounding conditions or close their doors.
Accordingly, the Incheon Creative Economy Innovation Center (Director Lee Han-seop) is Incheon's No. 1 accelerator, revitalizing the start-up and investment ecosystem in the Incheon area.
The Incheon Changgyeong Center accelerates the innovative growth process of startups through direct investment by early companies, R&D support through TIPS support, investment through venture capital (VC), investment projects using Big Wave corporate briefing (IR), and global expansion projects.
The Incheon Changgyeong Center is the official operating institution of the "Incheon Big Wave Mo Fund," which was created by Incheon City as the first and largest local government.
The Incheon Big Wave Mo Fund is in its third year of operation this year with the aim of creating a fund worth a total of 600 billion won by investing 60 billion won for four years from 2021. The Incheon Changgyeong Center has so far invested 22.5 billion won in 21 funds formed by investment companies to create a total of 611.3 billion won. It has exceeded the original target of 600 billion won.
In particular, it launched the "Big Wave Investment Promotion IR Project" with Incheon City in 2021, with a total of 59 companies and a total of 1,200 investment partners online and offline participating so far this year, and has achieved more than 130 billion won in investment attraction. A total of 400 companies applied to recruit participating companies this year, recording the highest competition rate ever, 22:1.
In addition, all four investment and recommendation companies of the Incheon Changgyeong Center were selected for the tips program of the Ministry of SMEs and Startups this year.
In addition, the Incheon Changgyeong Center plans to discover 100 young start-ups and foster them as global CEOs with 10 billion won in business expenses from the Incheon Metropolitan Government from this year to 2026 in order to advance into the global market. This year, 10 start-ups were selected, the first year of the project, and two of the three companies decided to set up overseas subsidiaries in the U.S. and Vietnam. The other one has an export contract with Saudi Arabia.
Lee Han-seop, head of the center, said, "As a result of the Incheon Big Wave Fund investment project with active support from Incheon City, we were able to expand the interest of investors focused on Seoul and Gyeonggi to Incheon."
◇V to V
People arrive anywhere in the metropolitan area in three hours by public transportation, but why can't the goods arrive so quickly? V2V (CEO Choi Sang-soo), which provides a courier service specializing in urban logistics, has solved this problem.
It is the service 'Today' using a network called a 'public transport network'. This is a transplant of the operation method of the 'public transportation network' into urban logistics, and it can be seen that the cargo version of the public transportation network was created in the metropolitan area. It moves goods like people traveling on a bus.
Today has small urban hubs throughout the metropolitan area, connects them multiple times to form a mesh network, and trucks move between urban hubs in their areas to handle urban logistics.
CEO Choi Sang-soo said, "Today's service has been launched in the Seoul metropolitan area this year and is being used by more than 300 companies," adding, "As we have succeeded in attracting investment for the fourth time this year, we will focus on achieving a break-even point (BEP) next year through a full-fledged scale-up."
◇ Astrogen
Woo Young-woo, a strange lawyer who aired last year, impressed viewers on the subject of autism spectrum disorder.
Astrogen (CEO Hwang Soo-kyung) is a company that develops treatments for incurable neurological diseases in many children. In addition to AST-001, which has autism spectrum disorder as an indication, it is researching and developing follow-up pipelines for new drugs such as attention deficit hyperactivity disorder (ADHD), sleep apnea, ret syndrome, draves syndrome, and Parkinson's disease.
In order to generate domestic sales, the company is set to show early sales and operating profit by attracting investment from KOSDAQ-listed Korea Pharma, which has strengths in CNS R&D and sales, and granting consignment sales rights last month. Despite the market conditions in which investor sentiment for bio ventures is very difficult, Astrogen has achieved the result of attracting more than 10 billion won in investment originally planned.
CEO Hwang Soo-kyung said, "Astrogen will apply for product approval to launch the world's first treatment for autism spectrum disorder in Korea in the future."
◇AIT Tech
Eight Tech (CEO Park Tae-hyung), a company that provides waste resource circulation solutions, introduced the artificial intelligence (AI) robot 'Eightron' for waste screening.
Atron selects AI-designated wastes through image learning of more than 2.6 million cases. Atron consists of real-time object detection and data collection by the recognition department, real-time monitoring by the monitoring department, waste type and feature analysis by the analysis department, object selection and data filtering by the conversion department, and screening commands by the selection department. When selecting personnel, it is 30 to 40 per minute, while Atron selects up to 96 per minute.
In addition, it has high work efficiency by selecting a total of 45 types of household wastes based on color and material such as PET bottles, aluminum cans, and glass bottles. This lowers 864 kg of carbon per year and increases the real recycling rate of waste, contributing to the resource circulation economy.
CEO Park Tae-hyung said, "We will create a smart city where robots separate waste through technological progress and creativity."
◇Mobic Wrap
Mobik Lab (CEO Lee Won-geun) provides a service to diagnose equipment failures using sound signals in the ultrasonic band.
Most mechanical devices and facilities produce signals of abnormal symptoms such as noise, vibration and smell (oil leakage). Mobik Lab collects acoustic signals in the ultrasound band, which are sensitive signals among noise generated by facilities, analyzes data with artificial intelligence, and provides diagnosis and failure prediction services on the current facility condition. Ultrasound is an acoustic signal in a band that humans cannot hear.
It also provides a service that notifies you when an abnormality occurs in the facility, determines what causes the abnormality, and predicts the remaining life. Mobik Lab completed attracting 1.5 billion won in investment in this year's Free A round and secured empirical cases of various facilities through collaboration with companies in the secondary battery, display, and industrial solutions sectors.
CEO Lee Won-geun said, "In addition to the manufacturing market, we will spread to fire safety and defense to establish ultrasound diagnosis standards."
◇ Do Remi faction
Do Re Mi-pa (CEO Kim Ah-reum), a company that automates the appearance inspection of used phones, was selected for the TIPS program in August.
For the used phone market, DoRefa provides a glass surface detection system based on artificial intelligence (AI) machine vision (object recognition AI technology) technology to solve the problem of rating mismatch caused by relying on visual inspection during used phone inspection.
The goal of Doremipa is to automate the appearance inspection of used phones. To this end, we applied for a patent by developing a device and system to inspect fine scratches on used phones, and this tip selection is the result of recognizing the data detection capability using these devices.
"The research funds through Tipps selection will help solve labor-intensive problems and automate them that occurred during the inspection of used phones," said Kim Ah-reum, CEO of Doremifa. "We will lead the standardization of the domestic used phone inspection market and provide services that are used in the global market in the future."
◇GEN
ZN (CEO Cho Young-min) introduced an automated solution service to check IoT device security vulnerabilities to prevent IoT security accidents. This service is an automated solution that can quickly and accurately identify various vulnerabilities that exist in IoT devices.
In fact, hackers analyze executable files in the firmware and attack IoT devices, which can quickly and accurately identify vulnerabilities that are still unknown through reverse engineering analysis (reverse engineering) on executable files from a hacker's point of view. GN was selected by Tips in recognition of its convergence security solution technology.
GN is planning to open its official service after conducting beta tests of solutions in the first half of next year, and is planning to quickly enter the global market, focusing on the U.S. and Europe.
CEO Cho Young-min said, "We will make it safe for anyone from smart homes to smart city areas to enjoy a smart world."
◇JNJ Tech
JNJ Tech (CEO Cho Sung-hoon), which developed the "Pharmaceutical Manager App," an automatic drug recognition and dispensing inspection solution using artificial intelligence (AI), was selected as a tip in October. The app was developed using AI object recognition technology to solve the difficulties of managing drug inventory that pharmacists are experiencing in the field.
The app has secured more than 10,000 customers within three months of its launch, and this selection of tips is the result of recognizing the capability of drug total management solution technology.
JNJ Tech will be able to receive up to 500 million won from the Ministry of SMEs and Startups for research and development and marketing over the next two years.
JNJ Tech shares growth with the Incheon Changgyeong Center by entering the global market and expanding the market.
CEO Cho Sung-hoon said, "We were able to grow through various start-up programs and various support programs such as tips at the center. We will use this opportunity as a stepping stone to launch and commercialize local apps in the U.S."
◇Od Eye
OddI (CEO Choi Soon-beom) is a company that provides high-quality AI vocal and voice synthesis solutions that can express emotions based on self-developed artificial intelligence (AI).
Odd-Eye's AI vocal generation system has modularized pitch, pronunciation, and style, which has the advantage of significantly reducing production costs compared to the manual-oriented music content generation industry. Odd-Eye has been recognized for vocal completion in international voice and music conferences and expert blind tests, and has secured competitiveness in terms of technology scalability by supporting multiple languages.
In addition, OddI has come up with an AI-based vocal generation solution called "Vox Factory." This is a solution that automatically generates a vocal that matches the melody or lyrics when input, and it is web-based and can be easily used by anyone. In June, she participated in a duet performance of singer Jo Su-mi and AI vocal, and recently participated in the release of an album by Park Sae-byeol, an antenna singer.
◇Jechi Global
Jitch Global (CEO Oh Joo-myung) is a company specializing in eco-friendly materials and develops material source patent technology based on R&D capabilities and expertise.
By utilizing this and applying it to household goods and construction materials, it is realizing low cost, high performance, and eco-friendliness. Jitch Global is planning to participate in CES this year and introduce various eco-friendly products and technologies.
Hybrid artificial turf is one of the core products. This product has functions that contribute to improving air quality by removing fine dust and suppressing production.
It also provides antibacterial treatment and heat shielding performance to resist viruses and bacteria and minimize damage caused by ultraviolet rays. This improves the durability of artificial grass and helps it maintain its function effectively for long-term use.
◇ Enable Labs
ABLabs (CEO Shin Sang) is a company that developed the liquid handling automation robot 'Notable'.
ABLabs revolutionizes the life sciences with state-of-the-art automation solutions that improve the efficiency, precision, and reproducibility of lab workflow.
This robot has the ability to automate liquid processing, a key process in bio experiments. Ablabs noted that many experiments were conducted manually in actual research sites, and that there was a problem that the reproducibility of the research was poor.
To solve this problem, ABLabs is developing a liquid handling automation robot, which seeks to automate repetitive and simple experiments to achieve high reproducibility, productivity, and research efficiency.
◇ Roots Wrap
Root Lab (CEO Kim Myung-won) is a company that develops alternative materials through waste upcycling.
Root's Lab develops and sells eco-friendly materials (stone cells) that replace microplastics and talc by upcycling fruits, immature fruits, and by-products generated during pear extraction. These new materials are used in cosmetics, non-drug products, and food.
In addition, it is highly likely to be used as a material that meets the trend of vegan and natural cosmetics, which has recently become a new trend in the cosmetics market.
Stone cells are extracted from the core of the pear shell or seed, and can be used in cosmetics, toothpaste, abrasives, and exfoliators. Root's Lab succeeded in mass production by extracting stone cells from the process of making discarded fruits and pear juice.