On Nov. 2, the 2014 Global K Startup team arrived in New York as part of a global networking initiative. Led by the Korea Internet and Security Agency (KISA), the team of entrepreneurs and Angel/VC investors came to the US on an itinerary that began in Silicon Valley, stopped in New York, and concluded in Honolulu at the East Meets West startup conference. In New York, the team began its tour at a mixer event co-hosted by Tab the Momentum, a private South Korea-based startup accelerator, and GORI, a social networking group for Korean professionals in Boston, DC, and New York.
The networking program is designed for entrepreneurs to meet with industry professionals, in the US – veteran entrepreneurs, VC investors, etc. – and provide them a chance to pitch their business ideas for constructive feedback. The aim of the program is chiefly educational, in order to prepare promising entrepreneurs in launching successful startups outside Korea.
The KISA-established Startup Program began first in 2010 as the Web Business Startup Program. Now in its third year under the current changed title, the government-backed accelerator program sets out with the mission of finding innovative Internet business ideas and helping entrepreneurial individuals successfully launch their startups. The program provides seed funds, infrastructural support with office space and cloud server space, and mentorship/networking opportunities to kickstart development of web products and services. Entrant teams shortlisted from an initial pitch competition compete among each other over time until the final selection round. Finalists selected by the Agency receive the ultimate prize of investment and mentorship support to go global with their startups.
This year, the selected finalists are Genoplan, Five Thirty, Promisope, and Notivo (more to be verified). In brief, Genoplan is in progress to launch a customized, personal genetic information-based healthcare service platform. Five Thirty is a startup that has developed Let’s Fold, a mobile origami game, and Alba Da-Rin, a mobile search platform for part-time jobs. Promisope is working to launch a closed online forum for parents of disabled children. Notivo is bringing a consolidated notification platform that eliminates the pains of information overload.
More information about these newly rising startups will be made available soon at Tech for Korea.