Startup companies based off scientific research results carried out from universiti laboratories are challenging themselves to overcome the limitations of existing industries. Entrepreneurs equipped with cutting-edge technologies such as bio-materials and electronics have gathered to fully exploit their commercial potential at the 2019 U-Finder Day Season 2, held on December 13, 2019.
Took place in 2F Auditorium of Main Administration Building at UNIST, the event was held in Demo Day-style, introducing innovative UNIST-based faculty startups, as well as their breakthrough technologies, which were followed by a networking component to attract follow-up investments.
A total of 5 faculty startups of UNIST participated in the event to showcase their breakthrough ideas under the two themes – ‘Bio-innovation’ and ‘Materials & Electronics’.
The event has been jointly organized by UNIST, UNIST Holdings Co. Ltd., Korea Credit Guarantee Fund, Korea Venture Investment Corp., Mirae Asset Daewoo, and Sunbo Angel Partners. About 300 people attended the event, including local businesses, venture capital firms, and startup incubators in South Korea.
In the first session of the 2019 U-Finder Day, LabSpinner Inc. (CEO, Yong Jin Lee), SB-Solutions (CEO, Frankin D. Bien), and SmartinBio (CEO, Byoung Heon Kang) introduced their businesses and related technologies under the topic of ‘Bioetchnology to Promote Wellness’.
LabSpinner Inc. (CEO, Yong Jin Lee), which received full technology transfer of exosome isolation/detection technique from Professor Yoon-Kyoung Cho (School of Life Sciences, UNIST), announced the beginning of the 2019 U-Finder Day.
SB-Solutions, a newly-formed startup company by Professor Franklin D. Bien (School of Electrical and Computer Engineering, UNIST), made a big splash for introducing animplantable continuous glucose monitoring device. This system was noted for its ability to continuously measure the level of glucose in the blood semipermanently with the use of precise electromagnetic wave control technology. SmartinBio by Professor Byoung Heon Kang in the School of Life Sciences also attracted attention by showcasing an oral drug to treat diabetic retinopathy.
Later in the demo day, the materials and electronics session was held under the topic of “Overcoming t Limitations of Existing Industries through Innovation”. Professor Jingook Kim in the School of Electrical and Computer Engineering introduced his startup company, EM Coretech in the field of active EMI filtering for keeping harmful electromagnetic radiation from household appliances and electric vehicles. This was followed by the introduction of Inoplaztech by CEO Deuk Yeon Lee (School of Energy and Chemical Engineering, UNIST) and its research excellence. The company currently boasts original technology for carbon nanotube reinforced composite materials.
“This demo day will provide an opportunity for startup companies that are leading the way in technological innovation, thereby overcoming the limitations of existing industrieis,” says President Yong Hoon Lee of UNIST. “We will do our best to leap and actively support the training of aspiring entrepreneurs.”