Medium-sized companies in the Southeast region are fostering and investing more in venture companies that boast innovative technologies. They have also showed active efforts to find venture business ecosystems in the Southeastern area by visiting UNIST on November 16, 2017.
This meeting was part of the Investment Exchange Meeting on Innovative Technologies, which was held at Student Dormitory, UNIST. The primary purpose of this meeting was to introduce the promising technologies of venture companies, founded by UNIST and discuss the fostering of venture business ecosystems in the Southeast region.
The main participants of this event are the members of Founders House 13 Angel Club (FH13) companies, which are composed of mid-sized companies 2-3 years old, and preliminary enterprises. They have also recently established ‘KDB LH Medium Enterprise Open Innovation Fund 1’ with Korea Development Bank. This fund is estimated to be about KRW 50 billion and will be used to revitalize the Southeast Asian economy through the commercialization of those promising technologies.
“This investment exchange meeting has offered me a great opportunity to look at the commercializable promising technologies at UNIST,” says President MinJun Park of FH13 Angel Club. “We will invest and nurture entrepreneurs based on innovative technologies to build an entrepreneurial ecosystems, like Silicon Valley in Southeastern region.”
In this meeting, a total of 9 teams, including 5 UNIST-based startup ventures have introduced their promising futuristic technologies, as follows. The next-generation refrigeration anesthesia technique that will revolutionize the treatment of retinal diseases by RecensMedical Inc. (Professor Gun-Ho Kim), Perovskite solar cell technology commercialization by Frontier Energy Solutions Inc. (Professor Sang-Il Seok), Innovative wireless power transmission technology by ZN Ocean Inc. (Professor Franklin Bien, CheolKyun Park), Regenerative treatment for spinal nerve injury by Supine Therapeutics Inc. (Professor Jeong Beom Kim), and Hand motion measurement and sensory transfer technology by Feel the Same Inc. (Professor Joonbum Bae).