This seminar was held at the request of the Minister of Economy, El Salvador. Israel’s government is leveraging, seeking innovative technology companies as one of the solutions to support the resumption of the national economy. The webinar focused on the creation of a startup ecosystem hosted by IDB and the transmission of Korean best practices on how to leverage startups in response to COVID-19.
Born2Global Centre shared cases of successful startup support and strategic ecosystem formation to foster Korean innovative technology companies.
Several cases of successful response to COVID-19 through innovative technology were also shared at the webinar. In addition, Born2Global Centre introduced strategies for global expansion through formation of joint venture (JV) between startups around the world and Korean innovative technology companies. Start-Up Central also delivered their success story through the Israeli innovation ecosystem and startup support.
Korean companies that took a preemptive response with innovative technologies in the COVID-19, such as LINKFLOW (Wearable 360 camera), Riiid (AI education solution), and Dtonic (Spatio-temporal big data solutions) received much attention and raised expectations for possible collaboration with companies in Latin America.
LINKFLOW is a company that has supplied more than 20,000 wearable 360 cameras, FITT360, to Wuhan, China, which was designated as the epicenter of COVID-19. If a person in a protective suit wears the FITT360, remote medical technology can be used, reducing the possibility of infection through face-to-face contact.
Dtonic's spatio-temporal big data processing and analysis technology was used in the COVID-19 epidemiological investigation support system.
As the need for effective non-face-to-face learning solutions in the education market is increasing,
Riiid is spreading positive influence through their AI-based learning solution in response to closed education institutions due to COVID-19.
Jongkap Kim, Chief Executive Director of the Bon2Global Centre, said, “Even though Latin America is a place with high appeal, in reality, Korean companies were unable to actively enter due to physical and psychological distance.” He added, “We can overcome limitations, by efficiently localizing our products with services and continue our preparations for non-face-to-face exchanges between major innovation ecosystem officials in Latin America and Korean companies.”