The open innovation program 'Open Ground', hosted by the Gyeonggi Province Economic and Science Promotion Agency and operated by Seoul National University Technology Holdings, has concluded with numerous examples of practical cooperation between large and medium-sized companies and startups.
The Gyeonggi Province Economic and Science Promotion Agency and Seoul National University Technology Holdings held a "Start-Up Day Performance Sharing Session" at the Hanam Venture Center on November 20th to announce the program's achievements. Approximately 50 participants, including investors, partners, and the general public, attended the event, where five outstanding participating companies shared their commercialization progress. As a result of the judging, AngelNB won the Grand Prize, Thermoeye received the Grand Prize, and Yeolda Company received the Excellence Award.
"Open Ground" is a technology startup incubation program in the eastern Gyeonggi region (Hanam, Yangpyeong, Gwangju, Icheon, and Yeoju), which ran for approximately five months starting in July. It targeted companies established within the past seven years. A total of 93 companies applied, resulting in a competition rate of 4.6 to 1, and 20 were ultimately selected.
During the program, 16 large and medium-sized companies participated as partners and explored collaboration opportunities with startups. As a result, a total of 50 one-on-one business matches were made, eight of which led to proof-of-concept (PoC) projects and entered the commercialization phase.
Additionally, multi-layered support was provided to enhance corporate growth and strengthen its fundamentals, including the assignment of dedicated auditors, 80 mentoring sessions with labor, legal, accounting, and marketing experts, and training to strengthen investment attraction capabilities.
The 20 companies that completed this program are Dosonti, Metacrowd, VMIC, Beyond Capture, Salt Mine, Solartoz, Solbind9, Sulawon, Siri Energy, Thermoeye, CP6, Yeolda Company, Angel & B, Innova Medi, Check & Care, Carding, Careerable, Techready, Phillectron, and Heungman Soda.
Seoul National University Technology Holdings CEO Mok Seung-hwan emphasized that Open Ground is a program that creates new value by combining the investment and nurturing capabilities of technology holding companies with startups with innovative technologies, and that it increases the possibility of startups settling in the market through active matching with large and medium-sized companies.
Meanwhile, Open Ground is an open innovation-based accelerator program designed to strengthen Gyeonggi Province's startup ecosystem. Its structure connects everything from technology startup discovery to investment, commercialization, and corporate collaboration.
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