Born2Global Centre, which supports technology companies' global expansion, announced on December 17th that it signed a memorandum of understanding (MOU) with Continental Automotive Korea, a global German company, on the 16th.
Consequently, Born2Global Centre is planning to start verifying technologies on the basis of business links between South Korean companies and Continental. Additionally, the two sides will cooperate in co-planning startup support programs, providing Continental’s overseas networks, jointly discovering promising mobility startups, connecting them to Continental Global Innovation projects, and sharing information on global mobility trends. Korean innovative technology companies will participate in technology verification projects organized by Continental to ensure that domestic innovative technology companies are verified in the local market, allowing the exportation of services and products.
Born2Global Centre will establish and oversee the three-way communication channels between innovative technology companies and Continental. It will lead in consulting based on the companies’ target-market entry and design strategies for technology verification and commercialization. Additionally, Born2Global Centre will help develop technologies through corporate analysis and provide a framework for work efficiency. Continental will present future synergy effects of commercialization based on value propositions and technology verification through various technologies and businesses.
Furthermore, Born2Global Centre has been putting forth collaborative efforts since earlier in May to identify companies that will participate in the Continental Global Innovation Project by holding one-on-one matching and technical verification meetings. Twenty-four technology companies competed in the first round, and Dot, Sentone, and Warp Solutions were selected to move onto the second round upon evaluation.
Thereupon, Dot, a wearable braille service-based startup, had been selected as the finalist in the 2021 Continental Global Innovation Project. Dot plans on launching a technology verification project conducted by Continental early next year. Sentone, another member of Born2Global Centre, is also in talks with Continental to verify its technology in Korea.
By Hyunjin Choi
Born2Global Centre (Chief Executive Director Jongkap Kim) held the Middle East Roadshow in UAE and Bahrain on September 21st-28th to develop Middle Eastern markets.
Born2Global has prepared this roadshow for selected startups to penetrate the Middle Eastern ICT markets in an effective way. The roadshow was packaged with various sessions such as IR pitching, one-on-one business meetings, and so on.
Among the selected startups in attendance were Bluevisor(A.I. Wealth Management Platform), Visual Camp(Eye tracking solution), Luxrobo(IoT robotics), Chequer Inc.(Database IDE tech), and 10 minds(Smart health & beauty industry).
In the IR pitching event, top-tier buyers across the Middle Eastern countries as well as local buyers in UAE and Bahrain took part, increasing the chance for emerging Korean startups to enter the Middle Eastern markets.
As a result, the AI-enhanced investment solution provider, Bluevisor signed MOU on applying the wealth management platform to Digital Bank. Nvelop Holding, the early stage investor in Dubai is planning to found Digital Bank with other major investors, ADS Securities and Noor Capital. Moreover, VisualCamp, the mobile eyetracking technology provider discussed PoC(Proof of Concept) to introduce its mobile app solution to Dubai Expo 2020.
With major Middle East organizations including Dubai future foundation, District 2020, AIM 2020, and Bahrain Economic Development Board, Born2Global Centre exchanged views on the ways for Korean startups to advance to Middle Eastern regions. Born2Global will establish a close liaison system with these agencies to come up with cooperative measures for the development of the regions.