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NextRise
2019 Showed True Characteristics of Global Startup Fair
- 830 companies from all over the
world participated… 1:1 meet-ups for startup
connection·share·growth,
pitching, lectures were carried out -
More than 8,000 startup
officials visited ‘NextRise 2019, Seoul’, held at COEX in Samseong-dong for two
days from July 23rd and the event reaffirmed its status as Korea’s
largest and the finest startup fair.
The Korea International
Trade Association (Chairman, Kim Young-joo) and the Korea Development Bank
co-hosted the event with the Venture Capital Association, and the National
Research Council of Science & Technology. 830 companies including global
conglomerates such as Samsung, Amazon and Lenovo, unicorns like Go-Jek and
venture capitals (VC) participated in various events such as startup
exhibitions, one-on-one meet-ups, lectures by experts, and angel investor
networking.
For 'connection' and
'growth' among members of the startup ecosystem, startup exhibitions and
one-on-one meet-ups between Korean and overseas conglomerates-VC-Unicorn
companies were carried out. At the exhibition, 36 overseas startups and 158
Korean startups set up booths and held 7,700 consultations with domestic and
foreign investors, companies and consumers, demonstrated their products and
solutions, and conducted pitching. At the meet-ups between the global
conglomerate-VC-Unicorns, over 1,100 meetings were conducted to seek practical
ways to collaborate, such as technology alliance, joint R & D, and new
investment attraction.
Wayskin, the startup of skin
diagnosis device, participated in one-on-one meet-up and said, "We signed
an agreement to develop artificial intelligence (AI) skin diagnostic services
with BASF of Germany in the first half of this year. But, the follow-up
negotiations were not progressive.” They expressed
their expectation for the future performance by saying, “BASF officials promised a substantial follow-up of the agreement at
this meeting.”
A BASF official said,
“Global companies like us have difficulties internalizing all technologies
related to the 4th Industrial Revolution, including AI,” and added, “If we supply raw materials and Wayskin provides AI-based skincare
services, we can create win-win results.”
Cho Sang-hyun, head of
Global Startup Center at the Korea International Trade Association, stated, “Through the event, the Korea Development Bank, the largest player in
venture and startup investment area, and the Korea International Trade
Association that has the global business expansion network have created
desirable business collaboration model.” He also
mentioned, “The association will continue to support
COEX TESTBED, operation of open innovation integrated platform and scale-up and
globalization of startups in more various ways.”
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