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  • Ministry of Science and ICT announces 15 future unicorns


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    On May 17th, the Ministry of Science and ICT announced the final selection of 15 startups with high growth potential to become the next unicorns through the 2021 Global Information and Communication Technology Future Unicorn Promotion Project (ICT Growth Project), with “Unicorns” referring to startups with a total valuation of more than $1 billion USD (~1 trillion KRW).

     

    The initiative is a comprehensive support package started by the Ministry of Science and ICT last year for overseas expansion, funding the discovery of promising startups, and fostering 50 future unicorns by 2025. This proactive attempt comes afoot for creating another Sendbird-like case, as the world’s number one chat solutions company wrapped its successful $100 million Series C funding last month for a total of $1.05 billion valuation, making it one of only 12 current unicorns from Korea and the first from the B2B enterprise software space. 

     

    The criterion for picking the ICT-based companies with strong growth potential was one of the following: 1) companies that have invested more than 2 billion KRW (~1.8 million USD) from domestic and foreign institutional investors in the last 3 years since the establishment of the corporation, or 2) companies whose sales have increased by an average of 10% or more per year in the last 3 years.

     

    This year, a total of 57 companies applied, and among the 15 selected are some of Born2Global Centre’s members, such as 1) 12CM, a world-class software platform that enables marketing, commerce, and Fintech services relevant to today’s mobile ecosystem, 2) Dtonic, a Spatio-Temporal Big Data Engineering Platform, 3) Welt, a Smart Fashion Belt that manages users' wellness and tracks users' overall health, and many others. 

     

    The 15 future unicorns selected by the Ministry of Science and ICT are the following, in alphabetical order: 12CM, 3D Factory, Animal Industry Data (AID) Korea, Crocus, Dabeeo, Dtonic, Elice, Furiosa AI, H2O Hospitality, Lumir, Morai, Social Bean, SILCROAD Soft, Welt, and Wizcore.

     

    The aforementioned startups are provided with a total package of a credit guarantee support system, investment connections, overseas localization programs, and performance insurance through private-public cooperation with related organizations. Born2Global Centre will be in charge of implementing special programs, such as product localization consultations, counseling, and mentorship from local market experts in overseas locations. 

     

    For more information on the different Born2Global Centre programs/services or the startups, please visit our website.

     

     


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STARTUPS OF THE WEEK

    • 1 AFUN INTERACTIVE
      Headquarters

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

      Description

      Real-time Interactive 3D Digital human

    • 2 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

    • 3 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.

    • 4 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.

    • 5 12CM
      Headquarters

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

      Description

    • 6 SketchOn
      Headquarters

      Corporate Collaboration Center #85313, 2066, Seobu-ro, Jangan-gu, Suwon-si, Gyeonggi-do, 16419

      Description

      Harmless, Easy-to-Erase Printed Tattoos

    • 7 Dable
      Headquarters

      #301, 22, Nonhyeon-ro 79-gil, Gangnam-gu, Seoul, 06237

      Description

      Explain Your Business in One Line

    • 8 SMART STUDY
      Headquarters

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

      Description

      Sing, Play and Learn with PINKFONG

    • 9 HYLIUM INDUSTRIES, Inc.
      Headquarters

      #3-326, Pangyo-ro 289beon-gil 20, Bundang-gu, Seongnam-si. Gyeonggi-do, Republic of korea

      Description

    • 10 Ovitz Corporation
      Headquarters

      260 East Main Street, Suite 6103 Rochester, NY 14604

      Description

      Compact, Fast, Portable Eye Diagnostic Device

    • 11 Lunit
      Headquarters

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

      Description

      DIB is an imaging biomarker derived from large-sca

    • 12 linkflow
      Headquarters

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

      Description

      Wearable 360 degree camera company

    • 13 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!”

    • 14 Visual Camp
      Headquarters

      Startup Campus #325, 289beon-gil 20, Pangyo-ro Bundang-gu, Gyeonggi-do, 13488

      Description

      Eye Tracking Technologies for Mobile VR Devices

    • 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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