The Gyeongnam Center for Creative Economy and Innovation (CEO Noh Chung-sik) announced on the 11th that it held the "Startup-BuS Accelerating IR Competition." This event was designed as a platform for startups that grew through the "Startup-BuS Accelerating" program to present their business performance to investors and experts, comprehensively validating their technological prowess and marketability.
The "Startup-BuS Program" is a year-round startup discovery and incubation platform, launched by the Gyeongnam Center for Creative Economy and Innovation in March of this year. Its key feature is the early identification of startups in disruptive technologies and the support they receive from private accelerators (ACs) and venture capitalists (VCs), including recommendations for TIPS and follow-up investment.
Eight startups that passed the preliminary round participated in the final round of this year's IR Competition, presenting their solutions on technological competitiveness, marketability, growth strategies, and potential for investment. The eight companies that advanced to the final round were Maot Co., Ltd., Irinic Co., Ltd., Camp Co., Ltd., Posol Innotech Co., Ltd., GTA Aerospace Co., Ltd., MUtron Co., Ltd., Acromet Co., Ltd., and Arame Materials Co., Ltd.
As a result of the evaluation, ▲Grand Prize winners were Irinic (CEO Gwangjun Yoo), ▲Best Award winners were Posol Innotech (CEO Gyeonghwang Lee), and ▲Excellence Award winners were Arame Materials (CEO Changyoon Jeong).
Noh Chung-sik, the head of the Gyeongnam Creative Economy Innovation Center, said, “The Startup-BuS program is designed to help startups in hyper-gap industries overcome the limitations they face in the commercialization process and lead to actual investment attraction.” He added, “I hope that this competition will serve as an opportunity for technology-based startups to further develop their business models.”
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