The Korea Advanced Institute of Science and Technology (KAIST, President Lee Kwang-hyung) announced on the 4th that it has chosen corporations for the primary round of worldwide studios to support the overseas expansion of deep tech start-ups.
Global Studio opened in July of this yr as a brand new organization of the KAIST Startup Institute (Director Bae Hyun-min). Based on cooperation with domestic and foreign strategic partners, we’re dedicated to supporting deep tech startups’ global expansion in reference to programs based overseas.
To this end, ‘Global Enterprise Builder’ is a program that discovers corporations with high global potential early and supports all the cycle of worldwide startups, from prototype production to overseas expansion.
Among the many on-campus startups and startups situated in Daejeon, KAIST is targeting ▲Quantum Eye ▲Marananotech ▲HydroXpend ▲Carbon Energy ▲Laser & Graphene ▲Unitech 3DP ▲Ale. A complete of 12 corporations were chosen, including Sio ▲A2US ▲Nuromoment ▲OBE Lab ▲Polyphenol Factory ▲Regent & I.
Chosen corporations will move into the ‘Global Studio’ situated in Wolpyeong-dong through the ‘Global Revolutionary Startup Growth Hub Operation Business Agreement’ with Daejeon City (Mayor Lee Jang-woo) and receive support for fast prototyping and global crowdfunding to conduct market and customer verification. They will move in and take part in this system for as much as two years through an internal review conducted every six months.
As well as, we plan to supply consulting with local experts from overseas cooperation partners resembling the USA and Europe, and match with domestic and foreign experts to perform activities to unravel various problems throughout global expansion.
Top-performing corporations will take part in global exhibitions resembling ‘Vivatech’ scheduled to be held in Paris in 2025, and will even be supplied with opportunities to go looking for local investors and network.
Particularly, the three corporations ▲Neuromoment ▲OBE Lab ▲Carbon Energy can be supplied with the chance to take part in the mentorship program of the ‘Creative Destruction Lab (CDL)’ of Paris Business School, a cooperation organization of KAIST Global Studio, starting in October of this yr.
CDL is an modern startup support program that creates higher solutions by innovatively changing existing business models or technologies with the motto of ‘creative destruction’.
Bae Hyun-min, head of the KAIST Entrepreneurship Center, said, “The Global Studio can be a bridgehead and a forefront in responding to the trend of the times where overseas expansion for start-ups has turn out to be a necessity, not an option. “We are going to create a world innovation-sharing enterprise constructing space where stakeholders can interact,” he said.
Reporter Park Soo-bin sbin08@aitimes.com