NextRise 2023

July 28, 2023 by Leave a Comment
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NextRise, the largest startups exhibition in Korea, held on the biggest-scale ever, with the participation of more than 450 startups from 17 countries, celebrated its 5th anniversary this year. The exhibition attracted about 20,000 visitors.


At the exhibition site, approximately 3,200 business meetings were held, through which 1,000 startups discussed business cooperation and investment conditions with more than 200 conglomerates and investment companies.


For this year’s exhibition, the ‘NextRise Awards’ was held for the first time to promote the growth of promising startups, and a prizegiving ceremony was held. In this award contest with 332 domestic and foreign startups participating, based on their technology and marketability, a total of 14 promising startups were selected through document and presentation evaluation.


Among them, MOPIC, a startup that has developed technology to implement 3D effects on flat displays, won the Grand Innovation Prize.


The CEO of MOPIC, in his award-acceptance speech, remarked, “Light field 3D display technology allows you to experience 3D without stereoscopic glasses. This technology is a special field that requires a lot of patience because it can only be developed when the market grows. It is a great source of strength to be awarded in a difficult situation.”


Three companies won the Best Innovation Prize, and the Innovation Prize was awarded to 10 startups with business models in AI, bio, health, and display fields.


The vice chairman of the Korea International Trade Association (KITA) stressed “We have confirmed that the era when only technological innovation can ensure the survival and growth of companies has arrived – through NextRise 2023, held on the largest-ever scale despite the global economic slowdown. We will make every effort to help NextRise to grow into a key platform that spreads technological innovation throughout the Korean economy based on startups.”


 
 
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AI EXPO KOREA 2023

June 14, 2023 by Leave a Comment
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The 2023 International Artificial Intelligence Exhibition (AI EXPO KOREA), where visitors could witness the exciting trends of the artificial intelligence (AI) industry, was held on May 10 at COEX Hall D in Samseongdong, Seoul.

According to the AI EXPO secretariat, 268 companies participated in this year’s exhibition with 470 booths. That was an increase of about 14% over last year.
This year’s exhibition showed a higher participation rate by hardware companies than last year. Recently, the demand for super-giant AI models has soared due to the craze for chatGPT, a generative AI. Super-giant AI must be supported by hardware, so it seemed that related companies were actively promoting it.

The secretariat reported that the proportion of overseas participation in AI EXPO has increased, including
participating in exhibition booths and seminar speakers from the Korea-based embassies of Canada, the Czech Republic, Israel, Singapore, France, Luxembourg, and the United Kingdom.
As additional events held along with the exhibition, 12 different themes of seminars and conferences and an AI star investment conference were included.
A secretariat spokesperson explained, “Last year, six seminars and conferences were held, but this year, the number doubled, so this clearly suggests increased interest in AI issues and trends.”


 
 
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InterBattery 2023

April 17, 2023 by Leave a Comment
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At InterBattery 2023, the largest secondary battery industry exhibition in Korea, three domestic battery companies heralded the pioneering of new markets such as lithium ferro phosphate (LFP).
InterBattery 2023 was held on the largest scale ever at COEX in Samseong-dong, Seoul, for three days from May 15 to May 17. This year, a total of 477 companies, including battery and material companies, participated, and about 40,000 visitors gathered on the first day alone.

LG Energy Solution introduced LFP battery cells and packs for the first time at the exhibition.
The product is used in power grids and residential energy storage systems (ESS). LG Energy
Solutions’ in-house independent company ‘KooRoo’ introduced a battery swap station (BSS) service, aiming at commercializing this year. KooRoo is preparing a service that allows battery packs for electric two-wheeled vehicles to be used in a switching method rather than charging.

SK on, which had only produced pouch-type batteries until now, exhibited a mock-up of a newly developed prismatic battery. In addition, prototypes of cobalt-free batteries and LFP batteries, which are in the development stage, were introduced.

Samsung SDI exhibited prismatic, cylindrical, pouch, and micro-sized batteries. It
introduced all-solid-state batteries, innovative structural design, high-efficiency fast charging, and safety technologies. It also displayed its newly strengthened E5S modules in safety for ESS by
introducing a water-cooled cooling system and rack.



 
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NextRise 2022 Seoul

August 4, 2022 by Leave a Comment
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Participants included 175 conglomerates and investment companies and more than 1,000 start-ups.

“NextRise 2022 Seoul” kicked off on June 16 at COEX in Seoul, which was an event co-hosted by the Korea International Trade Association (KITA) and Korea Development Bank (KDB). Key figures who attended the opening ceremony included Gwan-seup Lee, the Vice Chairman of KITA, Seok-hoon Gang, the Chairman of KDB, So-young Kim, the Vice Chairperson of Financial Services Commission, Seung-kon Lee, the CEO of Viva Republica, and Se-young Jang, the CEO of DeepBrainAI.


The vice president of KITA remarked, “The ecosystems for innovation are going beyond regional boundaries and are being interconnected and expanded,” and added, “Innovative technologies are breaking down the silos among businesses of our industry and business sectors, and such technologies are becoming key factors that determine the fate of companies. A failure to aggressively embrace and lead innovation in exchange for avoiding minor risks can result in missing out on seizing promising opportunities.”


NextRise Seoul 2022 was a two-day event held from June 16 to June 17. It offered a wide range of events, including one-on-one meet-ups between businesses, conference sessions led by prominent figures from home and abroad, an exhibition of innovative technologies developed by start-ups, a hiring fair led by 60 companies, including unicorn companies and start-ups, and technology workshop sessions conducted by Google and Abode and pitching sessions.


A total of 175 globally renowned conglomerates and investment companies, including Volkswagen, Pepsi, Airbus and Meta, participated in the one-on-one meet-up event, which resulted in more than 2,000 meetings for potential business collaboration and investment consultations with more than 1,000 start-ups.


In the afternoon of the first day of NextRise Seoul 2022, KITA, Seoul Business Agency (SBA), London Legacy Development Corporation (LLDC) and Catapult from the UK signed a memorandum of understanding (MOU) to create a smart city testbed. This MOU will also serve as a foundation for cooperation to a) support the first batch of ten start-ups to perform proof-of-concept in the UK; b) dispatch a delegation composed of members from the start-up sector; and c) open an exhibition in the UK from the second half of this year.


In the afternoon of June 17, Prime Minister Deok-soo Han, Christopher Koo, the Chairman of KITA, Seok-hyeon Gang, the CEO of KDB and Young Lee, the Minister of SMEs and Start-ups paid a visit to the NextRise Seoul 2022 event and had a meeting with a dozen CEOs from start-ups.


Seok-min Jang, the Head of the Digital Innovation Group at KITA explained, “By utilizing NextRise as a platform, we are committed to providing a wide range of assistance for Korean start-ups to upgrade their global competitiveness by supporting successful proof of concept presentations and open innovation.” (Source: KITA)


 
 
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