Busan Creative Economy Innovation Center (CEO Yongwoo Kim, hereinafter referred to as Busan Creative Economy) announced that it has completed the selection of a total of 10 companies for the 5th 'B.Startup PIE Program' to promote startup investment linkage and direct investment.
Since the launch of the Busan Changgyeong program in 2021, 36 startups have been selected every year as promising companies until last year. This year, in the 5th recruitment, 10 innovative startups were finally selected amid fierce competition, with over 150 companies applying.
The selected companies will receive support from around 30 partner investment firms, including ▲corporate diagnosis mentoring, ▲meetups with investment firms, ▲Busan Changgyeong fund investment review, ▲investment attraction through linkage with collaborative investment firms, and ▲demo days for corporate growth. Last year, the program achieved the feat of attracting over 18 billion won in investment through 123 1:1 meetings between investment firms and startups.
The companies selected for the 5th B.Startup PIE Batch Program this year are ▲(주)엘렉트 (ECO Cube, construction equipment automation solution module) ▲(주)스미엘카드 (NT-TAINER, orthodontic medical device) ▲(주)꾸너 (eco-friendly electric vehicle specialized vehicle control system solution) ▲(주)닥터프레소 (development of artificial intelligence early diagnosis technology for mental health care) ▲(주)선진알CS (manufacturing of construction climbing systems) ▲(주)에이프 (AI-based blockchain security and hacking detection service) ▲(주)파워코브 (development, distribution and sales of return & inventory reverse logistics solutions) ▲(주)더모아이 (thermal imaging camera for industrial application) ▲(주)씨라이프사이언스 LAB (AI-based blue food value chain optimization solution, C-Chart) ▲(주)몬스터리오트 (webtoon studio that produces and distributes global IP).
Meanwhile, Busan Changgyeong opened the door to revitalizing direct investment in the region by awarding 300 million won and 200 million won to two companies in which Busan Changgyeong directly invested through the B.Startup PIE Demo Day last year, and around 50 of the 100 attendees were investment companies from the metropolitan area and regions, actively networking and expanding the startup ecosystem connecting the metropolitan area and regions.
Busan Changgyeong plans to make continuous investments through the B.Startup PIE placement program this year, and plans to recommend companies to the Ministry of SMEs and Startups' Pre-TIPS program, which provides up to 100 million won in commercialization support funds to companies that have made additional direct investments.
Busan Changgyeong CEO Yongwoo Kim said, “Investment is what accelerates the growth of local startups,” and added, “We will provide both material and spiritual support for the growth of companies selected for the 5th batch of the placement program.”
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