The Gyeonggi Center for Creative Economy and Innovation announced on the 26th that it had selected the final 10 participating companies for the 5th batch of the 'KB Unicorn Club', an early-stage startup incubation program jointly operated with KB Kookmin Bank.
A total of 208 companies applied for this 5th round of recruitment, and the final companies were selected through a three-stage screening process including document screening and presentation evaluation. The competition rate was approximately 20.8 to 1, which is a higher rate than in previous years and reflects the high interest in the program.
The final selected companies are ▲Ubi Labs ▲Pixel ▲Cancer Breaker ▲Daily Pay ▲Sirinus ▲Clinkers ▲Taxtinum ▲HexAI Labs ▲Forest Jalan ▲SemiAI, a total of 10 companies. These companies possess technological prowess based on various new industries such as artificial intelligence, bio, fintech, and data technology.
'KB Unicorn Club' is a scale-up program that discovers promising early-stage startups and provides customized support at each stage of growth. The Gyeonggi Center for Creative Economy and Innovation and KB Kookmin Bank have been jointly operating this program since 2021, and have selected and supported a total of 46 companies to date.
The companies selected this time will receive benefits such as direct investment review of up to 300 million won, recommendations for the government's private investment-led Technology Incubation Program (TIPS), customized acceleration, global market entry and open innovation linkage, and support for moving into an open office in Pangyo.
The center will begin full-scale program operation with the kickoff event for the 5th KB Unicorn Club on May 28. The program will run for approximately 7 months until December 2025, and strategic support will be provided for market entry and growth of participating companies.
An official from the Gyeonggi Center for Creative Economy and Innovation said, “The companies selected this time are promising startups with both technological prowess and potential for business expansion,” adding, “We will continue to work hard to provide practical growth support so that excellent start-up companies can secure competitiveness in domestic and international markets.”
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