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$600,000 grant awarded to first cross-continental joint venture partnerships

The successful approval of the five startup pairs has been crucial proof that despite pandemic-related restrictions, intercontinental partnerships between startups is possible, opening doors for new possibilities in collaborative efforts. The innovative startup pairs approved by IDB Lab to receive the $120,000 grant funds are as follows:

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LOUNGE’LAB launches ‘Barista Robot’ for coffee delivery

LOUNGE’LAB, a robot service startup, announced on July 12 that it will operate a robot barista named ‘BARIS Brew’ exclusively for delivery coffee at Lounge X Mapo, a barista-robot collaboration cafe.

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Digital dental care platform 'Kitten Planet' raises $4.3M Series A Led by Green Cross

In this round of investments worth about $4.3M (5B KRW), Inlight Ventures, an existing investment company, was newly joined by Green Cross Medical Science (GS MS), a specialist in diagnostic reagents and medical devices. With this investment, Kitten Planet and Brush Monster will aim to expand domestic and overseas reach and provide digital dental care services for all ages.

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AI edtech startup 'Mathpresso' secures $48M Series C funding

Mathpresso has received a cumulative investment of approximately $104M (120B KRW). In this Series C round of roughly $48M (56B KRW), new investors Yellowdog, GGV Capital, Goodwater Capital, and Korea Development Bank joined alongside existing investors of Softbank Ventures, Legend Capital, Mirae Asset Venture Investment, and Smilegate Investment.

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Korean Startup Ecosystem Report – Edition 7 is now released

Korea Startup Index 2020: This edition navigates insights and acts as a guide for all leaders in the global startup ecosystem.

startups of the week

    • 1 Riiid
      Headquarters

      29, Teheran-ro 87-gil, Gangnam-gu, Seoul, Republic of Korea

      Description

      Riiid is bring creative disruption to education market through AI technology.

    • 2 SendBird
      Headquarters

      541 Jefferson Ave. Suite 100 SendBird, Redwood City, CA 94063

      Description

      SendBird is B2B massaging-as-a-service which supports more than 1 million concurrent connections and 500 million messages a day per application.

    • 3 Wellscare Co.,Ltd
      Headquarters

      507, 5F, 107, Gwanggyo-ro, Yeongtong-gu, Suwon-si Gyeonggi-do, Republic of Korea / (US) 3580 WILSHIRE BLVD, STE 1460, LOS ANGELES, CA 90010

      Description

      The stylish, comfortable and safe home-care laser pain therapist IASO

    • 4 Prinker Korea Inc.
      Headquarters

      Room 306, GSMBA, 8 Suseong-ro, Gwonseon-gu, Suwon-si, Gyeonggi-do, Republic of Korea (Postal code: 16426)

      Description

      The world's first digital temporary tattoo device that makes it easy to create and apply water-resistant but soap-washable custom temporary tattoos.

    • 5 AFUN INTERACTIVE
      Headquarters

      #401, 23, Seonyu-ro 49-gil, Yeongdeungpo-gu, Seoul, Republic of Korea

      Description

      Real-time Interactive 3D Digital human

    • 6 4DREPLAY KOREA
      Headquarters

      3003 NORTH 1ST ST. SUITE#221 SAN JOSE, CA, 95134

      Description

      Creating Experience ─ Highly Advanced 4D Video Solution

    • 7 Toss Lab, Inc.
      Headquarters

      #16F, Teheran-ro 419, Gangnam-gu, Seoul, Republic of Korea

      Description

      Collaboration tool for effective teamwork and smooth workflows.

    • 8 SSenStone Inc
      Headquarters

      #808, Digital-ro 30-gil 28, Guro-gu, Seoul, Republic of Korea

      Description

      StonePASS provides various authentication methods such as FIDO biometrics, security PIN, pattern, mOTP, etc. into a single solution.

    • 9 12CM
      Headquarters

      Pangyo Silicon Park A-501 Seongnam, Gyeonggi 13486, Republic of Korea

      Description

    • 10 SMART STUDY
      Headquarters

      5F, 94, Myeongdal-ro Seocho-gu, Seoul, 06668

      Description

      Sing, Play and Learn with PINKFONG

    • 11 Ovitz Corporation
      Headquarters

      260 East Main Street, Suite 6103 Rochester, NY 14604

      Description

      Compact, Fast, Portable Eye Diagnostic Device

    • 12 Lunit
      Headquarters

      169, Yeoksam-ro, Gangnam-gu, Seoul, Republic of Korea

      Description

      DIB is an imaging biomarker derived from large-sca

    • 13 linkflow
      Headquarters

      Yugi tower 13F, Teheran-ro 69gil 5, Gangnam-gu, Seoul Korea

      Description

      Wearable 360 degree camera company

    • 14 Exosystems, Inc.
      Headquarters

      #804, 815, Daewangpangyo-ro, Sujeong-gu, Seongnam-si, Gyeonggi-do, Republic of Korea

      Description

      Exosystems provides a new paradigm of rehabilitation with the slogan-“Fun @Home, Data Driven Rehab!”

    • 15 MOPIC
      Headquarters

      85307, corporate collaboration center, 2066 Seobu-ro, Jangan-gu, Suwon-si Gyeonggi-do, Korea 16419

      Description

      Your Breathtaking Mobile 3D Theater

    • 16 NEWRATEK
      Headquarters

      2~4F, Iksung Building, 6, Bongeunsa-ro 112-gil, Gangnam-gu, Seoul, 06170

      Description

      New Radio Communications for a New Era

    • 17 ZOYI Corporation
      Headquarters

      15F, KR Tower, 141, Teheran-ro Gangnam-gu, Seoul, 06132

      Description

      Growth Hacking for O2O Commerce

    • 18 Salted Venture
      Headquarters

      340 Nonhyeon-ro, Gangnam-gu, Seoul, 06227

      Description

      Fixing Golf Swings and Squats from the Feet

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Business Report Statistics

Business Report Statistics
  • 13113

    Consulting
    Service

  • 779

    Overseas
    Patent Application

  • 84

    Overseas
    Incorporation

  • 2424

    Number of
    Supported companies

  • 456

    Overseas Business
    Contract and Partnership

  • 8191

    Attracted
    Investment

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