August 2019 KAIST Startup Awards Review

Who are this year’s Startup Teams?

KAIST provides a variety of startup programs to support entrepreneurship initiatives and student startup teams. There are approximately 1800 KAIST-born startups, and of these there are notably Naver, Nexon, Idis, InBody, etc. that are leading firms in their industries in Korea. We believe that this an outcome founded on KAIST’s mission to  promote and nurture scientists to contribute to South Korean economy and development based on theoretical and practical efforts. ‘2019 KAIST Startup Awards’ is founded upon KAIST’s philosophy that creating value to promote science and technology-based startup culture. Every year, it is our goal to promote and support KAIST startup teams and startup culture at KAIST. KAIST Alumni Association financially supports rewards to outstanding startup teams, including money rewards and CES attendance.

Who were the participating teams?

2019 KAIST Startup Awards participants are currently enrolled or graduated KAIST individuals and teams whose business license has been registered within the last 3 years. The program was advertised starting from early June and took registration until July 12th. We received registration from 35 student startup teams and 17 alumni teams for a total of 52 registrations. In terms of departments, we received 30 registrations from the KAIST Business School, 17 from Engineering Schools, 4 from College of Liberal Arts and Convergence Science, and 1 from Natural Sciences Schools.

Selection Process and Procedure

2019 KAIST Startup Awards invited 12 senior entrepreneurs, investors and experts as judging panel members, and executed a round of application review followed by presentation evaluation. Applications were reviewed based on creativity, feasibility and business potential, and 15 teams were selected. Presentations were evaluated based on motivation, business development competencies, business feasibility and business plan, and final 10 teams were selected. For fairness, scores from investors involved in investment activities with any of the participants were excluded from final score count. In addition, presentations were conducted in an open-to-public setting to calibrate the presentation environment, and each team presented a total of three times to receive a variety of feedback. The program will continue to try new evaluation methods in the future.

Who was the anticipated first place?

This year’s KAIST Startup Awards awarded one grand prize, 3 top prizes, 6 excellence prizes and 10 runner-up prizes. Grand prize was awarded to Animal Industry Data Korea (AID Korea) who presented livestock healthcare solution, and top prizes were awarded to TEEware, MORAI and Glorang. Excellence prizes were awarded to Heybit, HBSmith, ReDWit, Deepscent, Bunyoung, and ALTIX. We sincerely congratulate the winners, and we wish the best for their future.

How were winning teams rewarded?

The 10 final awardees were rewarded up to 10,000,000 KRW and opportunity to attend CES in the United States as well as investment and mentoring opportunities. On November 19th, there will be a network event and an award ceremony that includes a speech from KAIST alumni entrepreneur, previous KAIST Awards winners mentioning, and introduction to CES attendance and missions. CES attendance takes place in January 2020, followed by New Year’s Greeting Ceremony for the final winners.

[Interview] MindLogic Internship ‘Working at a Startup’

KAIST Startup-ting is an opportunity for KAIST students interested in startups and startups that are recruiting to meet each other. Students not only learn about startups, but also learn the importance of hands-on experience. Startups, on the other hand, can have a more personal experience with students to express their companies’ strengths and merits and also to learn about students’ question and concerns.

MindLogic is one of the first startups to participate in KAIST Startup-ting, and recruited three summer interns. We met with MindLogic CEOs and the KAIST student interns.

Unlike interning at a large firm, there are advantages to gaining experience at a startup. We explore these advantages via interview with student interns at MindLogic.

First, we will hear from MindLogic CEOs.

What did you think of KAIST Startup-ting?


CEO Jinwook Kim: KAIST Startup-ting was a great opportunity. We were able to introduce our company MindLogic to students at KAIST Startup-ting, and we were able to meet KAIST students that would’ve been otherwise difficult. Through KAIST Startup-ting, over 10 students applied for internship positions, with a 3:1 competitive ratio. Thank you for the opportunity for us to meet great intern candidates.

CEO Yong-woo Kim: Students who attended KAIST Startup-ting are highly motivated to learn and to be excellent. Thanks to them, we were able to reach our R&D goals earlier than originally scheduled.

How would you describe KAIST Startup-ting in one phrase?


KAIST Startup-ting is an opportunity to meet highly talented students, and we recommend that you attend the event with an internship program prepared. Startups often use this as a way to promote their internship programs. MindLogic is always open to new opportunities through KAIST Startup-ting. I would like to recommend KAIST Startup-ting for startups that are having difficulties recruiting new talents.

Interning at a Startup


After speaking with the two CEOs, we met with the three KAIST students interning at MindLogic. In general, the students expressed that they enjoyed gaining experiences that differ from their classes and school work.

The three interns are Bio & Brain Engineering Class of 2019, Industrial & Systems Engineering Class of 2018, and Electrical Engineering Class of 2021.

Could you introduce yourself and your role at MindLogic?


Intern 1: Hello, my name is HyungGyu Song, and I am Bio and Brain Engineering student, class of 2019. I applied to the internship at MindLogic through KAIST Startup-ting, and my current task is to develop a deep learning model that converts human-derived text to voice-speech. It is my goal to develop this model quickly to apply to Google Assistant. I’m also focusing on making sound quality and speed.

Intern 2: Hi, my name is Yoonsuk Lee, and I am Industrial & Systems Engineering student, Class of 2018. I am working on the same project as HyungGyu.

Intern 3: I am Jaemin Kim, and I am Electrical Engineering student, Class of 2021. I joined 2 weeks later than the other interns, and I am working as a back-end developer. I am working on web/app solution to assist employees with important training modules. I am enrolled in a long-term internship program, and I am yet to decide the next course of direction.

What was your motivation for interning at MindLogic?


Intern 1: I learned about MindLogic through KAIST Startup-ting, and I decided to apply to their internship program because I had been interested in deep learning and voice-speech processing.

Intern 2,3: We learned about MindLogic through the KE Network, and after looking into MindLogic for some time, we applied to their internship program through KAIST Startup-ting.

How would you describe your experience as an intern working at a startup?


The three students mentioned that one of the outstanding part of their internship experience was the systematic working environment. The two CEOs are former consultants, and this may have had an impact on the operations system in place. There was a to-do-list created and ready on the first day, and every task was well-distribute and segmented towards a specific goal.

Intern 1: I had been learning about and had been familiar with the startup working environment since I always had an interest in startups. I have interned at medium-sized firms, but this internship experience at MindLogic was definitely different. My internship experience last winter involved tasks that were irrelevant to the actual service development, and my work did not seem to have important impact. However, in a startup environment, I was assigned to a short-term project and the I felt that my work had clear contribution towards a goal. It was also exciting to see myself grow, and unforeseen long days did not feel like a burden.

Intern 2: Working at MindLogic was not just different from experiences gained at medium and large-size firms. MindLogic had a very systematic structure in place, and every meeting felt like a mentor-mentee meeting where the employees could learn from the CEOs.

Intern 3: Working at MindLogic was very different from my working experiences in a lab. Generally, the operational tasks could be similar but the web/app development is directly correlated with the company’s service. It could be said that MindLogic adapts a timeline like that used in consulting firms, and also embodies features of a startup like flexibility.

The interns unanimously described MindLogic to be flexible and systematic. It is our wish that the students’ internship experience gained at startups will be valuable in their future endeavors.

Could you describe something positive that you gained by the time the internship came to an end?


One of the most prominent positive feedback was related to the hands-on experience. Most internship experiences are probably described to be an important experience, but interning at a startup was exceptionally so based on the fact that the students were able to see how their coursework involving deep learning models are applied in a real-world service setting. One intern described that he became interested in working at a startup upon graduation although he had his mind set on graduate school before working at MindLogic.

Students could freely decide their internship duration at startups. Two students worked as summer interns, and one student is working as a long-term intern. One of the greatest perk is that since their contract period is not absolute, the interns could negotiate their internship duration. Also they could explore their potentials freely within the flexible startup environment. Startups offer an experience working side-by-side with teams developing services for the “real world”, and students can gain hands-on experiences that cannot be gained solely through their college classes. Interns expressed gratitude for their internship opportunities that they gained through KAIST Startup-ting, and expressed their wishes for more students to participate in the program in the future.


Lastly, what are some of the improvements that could be made to KAIST Startup-ting?


KAIST Startup-ting was very meaningful in that students could learn about startups they had not had exposure to before. KAIST Startup-ting was advertised through posters, web portal, emails, etc. so that students could easily access information about the program. It was mentioned that if KAIST Startup-ting could be coupled with school credits, more students may express interests and participate in the program.

After speaking to the student interns, it was clear that the perception of startups and their affinity to them have changed. We wish the best to MindLogic and the student interns.

KAIST Startup-ting Preview Afterthoughts


We’ve never seen an event like this before.

We held a total of three KAIST Startup-ting Preview sessions with startup personnels in Pangyo and Daejeon.

What is KAIST Startup-ting? What was this event for? It was to gather startup personnels who expressed interests in participating in KAIST Startup-ting. Even if you missed the Preview events, you can still participate in KAIST Startup-ting.


Let’s now discuss what KAIST Startup-ting is about.

KAIST Startup-ting is a place for KAIST students and startups to freely discuss things they were curious about, and share information that are useful to each side. Startups and students also have an opportunity to create programs that benefit each other. It is Startup KAIST’s goal to create a co-existing environment and culture for startups and students. Startup KAIST supports students and opportunities to meet with startups at regional centers (Pangyo, Daejeon, Yangjae).

Startups need good people. However, the way they find the people they need is different from the usual recruiting methods. It’s not about career fairs and sports complexes. Startups also need to change – they must pursue different ways to gain interests and embrace their unique startup culture. From product release to recruiting, startups must highlight their strengths in order to gain attention.

Sometimes startups demonstrate their growth potentials through a combination of internship and mentorship (Men-ternship) instead of the usual company workshops or internship programs. Startups can unfold synergy with students when they can make connections to students’ interests (student clubs, field of studies, etc.).

In conclusion, startups need a different approach. That’s why we prepared KAIST Startup-ting. We hope that this is an opportunity for startups and talented individuals to meet and learn about each other. We anticipate and appreciate your interests. KAIST Startup-ting is currently accepting registration.

Global Entrepreneurship Camp 2019 Review

In July of 2019, passionate students from ten colleges around the world gather at KAIST!

Startup KAIST has hosted summer Global Entrepreneurship Camp (GEC) since 2015 with partner universities. Shall we take a look at 2019 GEC Camp?

(You can click on the small photos for larger view)

2019 GEC, what was new?

This year’s camp was held July 7th ~ 13th in conjunction with summer semester course “Understanding Startup (KEI510)”. The camp was facilitated by one main coordinator, two facilitators, and two past participants from Denmark Technical University (DTU).

Who are the participants, and where are they from?

This year’s camp was attended by a total of 38 students, 12 of whom are participants of KEI510 class, and 26 students from 10 universities, including Tsinghua University (China), École Polytechnique (France), Technical University of Denmark, HKUST (Hong Kong), Tokyo Institute of Technology (Japan), Swiss Federal Institute of Technology Zurich -ETH Zurich, University of Waterloo (Canada), UNIST, GIST and KAIST.

In addition, students of 13 nations – Denmark, Bangladesh, Azerbaijan, Uzbekistan, Iraq, Indonesia, Japan, China, Cameroon, Turkey, France, Philippines and South Korea – had time to network with each other.

image04

 

참가 국적 별 분포도2

참여대학 및 인원분포

Tell me more about the program.

timetable_on

Camp program started on July 7th with the agenda and team assignment shown above, with an emphasis on lectures and team activities regarding entrepreneurship and startups.

Students had an opportunity to have hands-on experience in making, planning and selling like ‘Lemonade Stand’ experience, and also listened on special lectures by the Director of Startup KAIST, followed by final pitch session simulating demo investment. There was also time allotted for Korean Culture experience and trip to Jeonju Hanok Village.

20190726_092342

So the camp was run in teams?

Yes, students formed teams on first day and proceeded through the entire camp.

There were a total of 6 teams of different universities and nationalities.

Now, shall we take a look at the teams’ ideas?

team1_ateam2_a

Who is the winner?

The judge panel for the final winner selection, which was held in form of mock investment, included Director Steve Ahn of Startup KAIST, Professor Jaewoo Kim, Professor Jinho Lee, Professor Choonghwan Lee, Professor Jeamin Koo, Wayne Siew, Philip Park, Sean Tan, and Kevin Kwon.

Team Virterior was the final winner.

winner2

What did the participating students think of the camp?

The overall satisfaction score of the camp was 4.4 points out of 5, which is considered to be an excellent score.

There was a high level of satisfaction expressed with the coordinator + facilitator operation, which was tried for the first time this year.

Students were asked to give feedback about the camp, and the answers will be reflected in the following camps.

To all the 26 global entrepreneurs who participated this year!

We hope that Global Entrepreneurship Camp 2019 was a memorable and valuable experience, and hope it was a chance to meet life-long friends. We wish the best for you, and hope to see you again soon. Thank you for being patient with the the hectic schedule, and thank you for making the camp successful!

이제 정말 안녕! Good bye! さようなら! Farvel! 再见! Adieu! Selamat tinggal! Güle güle! Magandang bye! Xayr! Yaxsi! وداعا

마지막단체DSC00458

August 2019 Startup Festival Graffiti Review

What is Startup?

What comes to your mind when you hear “startup”? To start, you probably started thinking about Google, Facebook, Kakao, Toss, Riiid, Market Kurly, etc.

We wonder about how their success and know-how, and we even conduct studies and analysis about their services and products.

But our organizing committee wanted to asked more fundamental questions:

‘What type of people become startup entrepreneurs?’

‘What moves them to establish a business?’

and so on.

And we decided exactly one year ago,

To inquire about “startup mentality” and “story,” and create an event that gives a glimpse into their footsteps.

Through this, we hope to circulate entrepreneurship and ‘startup’ culture to our local communities.

WHY GRAFFITI Startup Festival?

GRAFFITI Startup Festival is unique in that it deals with ‘startup mentality’, but the primary purpose is to shape the ‘societal atmosphere’.

Our society today has tendencies to emphasize and prioritize  ‘safe’ choices.

At GRAFFITI Startup Festival, we believe that we can challenge ourselves beyond this perception.

We want to stimulate a culture that encourages more challenging choices, and promote attention to the ‘WANT to do’ rather than ‘HAVE to do.

Contents

투자게임

Startup teams that participated were those that are in early-stage and/or just started preparing their launch. Our selection of 12 startup teams were made based on the answers to the organizing committee’s questions.

The teams selected were Pickle(피클), Seuk-Sak(슥삭), ReDWit(레드윗), Youtube Planet(유튜브 플래닛), Select Stars(셀렉트스타), Haedal Programming(해달 프로그래밍), Moving(무빙), NewPage(뉴페이지), Grouping(그루핑), Pavilion and Fitcare.

Investment Game involved students participating in startup teams’ pitching sessions and investing their “Graffiti Point” virtual assets.

The main event was carried out in form of survival rounds and each startup teams’ representatives carried out presentations accordingly, and participants made their investments based on the presentations.

Final winner was selected based on the investments made by the participants.

There was also a surprise event during the Investment Game!

There was time set aside for photoshoot with the GRAFFITI event sponsors as well as survival quiz, etc.

First place winner was awarded cash prize of 1,500,000 Won (~$1,500), second place 1,000,000 Won (~$1,000), and third place 500,000 Won (~$500).

There were prizes given to participants who made the best investments, first prize 150,000 Won (~$150), second prize 100,000 Won (~$100), third prize 50,000 Won (~$50).

For the winning startup team, up to 10 match-making opportunities are given during the second half of the event.

This year’s GRAFFITI Startup Festival Investment Game Winners were Pickle(1st Place), Seuk-Sak(2nd Place), Youtube Planet(3rd Place).

Thanks to all the startup teams that participated in the GRAFFITI Startup Festival, and hope this experience is a good foundation for all future endeavors and success.

Talk Concert

This year’s talk concert consisted of ‘STARTUP X GRAFFITI’ and ‘VC X GRAFFITI’.

Kim Tae-Yong of content startup EO led the Talk Concert as MC.

‘STARTUP X GRAFFITI’ session was led by Joo-Eun Seo, CEO Buzzville, and Lim Soo-Yeol, CEO of Frip. They talked about the opportunities and difficulties of starting a business, including collaboration between developers and management.

‘VC X GRAFFITI’ session was led by Yong-Kwan Lee, CEO of Blue Point Partners, and Jung-Min Lim, CEO of 500 Startup Korea. As representatives of VCs, they gave advice on what a successful startup looks like and shared the story of “Failure Gravity Field”.

Match making & After Party

After dinner, there was a one-on-one, GRAFFITI-exclusive “Match Making’ session at a cafe in Doonsan-dong.

Match making involved startup teams and “investors” who met over Kakaotalk messaging during the Investment Game.

On the basis of the resumes provided by the participants, the sponsors were given 10 chances for sponsorship, and the start-up team was given a chance to apply for the round.

Participants could also meet with the startup team representatives or sponsors by requesting meetings with the startup teams or sponsors who were interested in the investment game.

Through this, we wanted to provide a great motivation to the startup team and sponsors for the future journey, and to provide general participants with the opportunity to dive into the startup ecosystem.

14th E*5 KAIST (`19 Spring)

KAIST Startup Incubating Program

E*5 KAIST (14th)

  • 18 Teams

    71 Total Participants

  • Timeline

    2019. 3. 29 – 2019. 6. 14

  • Outstanding Teams

    Grand Prize 1 Team / Runner-Up Awards 2 Teams / Special Recognition (Growth Award) 1 Team/ Activity Excellence Award 1 Team



최우수팀


ReDWit



우수팀


대학택시



우수팀


D.Hive



특별상(발전상)


Pavilion



Activity 우수팀


SPLIT

  • Mentors

    14th E*5 Mentors

Yong Kwan Lee

Yong Kwan Lee

Mentor

Bluepoint Partners CEO

Hwa Seong Jeon

Hwa Seong Jeon

Mentor

CNT Tech CEO

Ki Jun Kim

Ki Jun Kim

Mentor

Kakao Ventures VP

Tae Yeon Jeon

Tae Yeon Jeon

Mentor

BonAngels Ventures Partner

  • Seniors(선배창업자)

    E*5 KAIST Graduate Entrepreneurs

Min Young Hwang (2nd E*5)

Min Young Hwang (2nd E*5)

Video Factory Inc. CEO

Jeong Min Oh (3rd E*5)

Jeong Min Oh (3rd E*5)

HayanMind Inc. CEO

Chang Gi Hong (8th E*5)

Chang Gi Hong (8th E*5)

H2K Inc. CEO

  • Details

    Execution of Missions & Activities


MISSION내용세부 일정Activity
Mission 1.
Business Model
비즈니스 모델 수립 통한 사업 아이디어 구체화 및 개선1박 2일 Camp로 진행(3.29~3.30)계속
Mission 2.
Customer Discovery
목표시장 이해 및 분석을 통한 아이디어의 사업화 검증교육 : 4월 11일
코칭 : 정기코칭 및 상시코칭
평가 : 5월 10일
계속
Mission 3.
Pitch Deck
아이디어의 사업계획 수립 등 사업 Overview교육 : 5월 16일
코칭 : 정기코칭 및 상시코칭
계속
MISSION FINAL 평가Overview PitchingFinal 평가 : 6월 14일계속

25개 팀 중, 1차미션을 통해 선발된 18개의 프로젝트팀은 각각의 미션 수행을 통해 각 아이디어의 사업화를 진행하였으며, 각 미션은 교육, 코칭, 평가로 구성되어 진행되었다.


미션 교육


미션 코칭 (By Seniors)


미션 평가

미션별 멘토 1인이 교육을 담당하였으며, Senior(선배창업자) 3인이 전담 팀을 정기/상시 코칭하였다. 교육과 코칭을 통하여 미션별 수행한 내용에 대하여, 평가를 통해 우수팀에게는 추가 지원금을 획득할 수 있는 기회가 제공되었다.


Mentoring



Teamwork


Networking



Research


Field Trip



Special Tutoring

프로그램 동안 멘토를 방문하여 멘토링(Mentoring)을 받고, 분야별 전문가와 만나 이슈를 해결하며(Networking), 창업 기업을 방문(Field Trip), 시장조사(Research) 등의 활동이나 팀 미팅(Teamwork)을 수행한 내용들을 ‘CLASSUM’에 업로드함으로써 Activity를 수행하였다.


It’s Your Turn,

E*5 KAIST

  • Photos

    3개월 간의 기록들

KAIST Startup-ting X Ghost Kitchen Comments


Our third KAIST Startup-ting was with Ghost Kitchen. Ghost Kitchen is a shared-kitchen startup. Shared kitchen startups are uncommon in Korea, but in the US, Union Kitchen and Kitchen Town are already leading the market. Jeongi Choi of Ghost Kitchen is a graduate of KAIST Department of Electrical Engineering. He has done 6 startups for the past 20 years including Ghost Kitchen. 2 as a founding member, and 3 as a directly founder. He has experienced many difficulties including business failure.

Prior to founding Ghost Kitchen, representative Choi served as IR Director of “Baemin” (배달의 민족). He was part of the IR department and was in charge of investment promotion and startup investment. As he did his work there, he found the potential behind restaurant business and thus started a shared kitchen startup.



Ghost Kitchen focuses on making a workplace for food service workers. Because the market for restaurants is huge and food delivery service is becoming more popular, there is huge potential in shared kitchens. Ghost Kitchen is currently developing not only a shared kitchen, but also food brands such as Tokyo Bapsang and Tokyo Curry, and food delivery service.

After the introduction, there was a serious discussion session with students about what motivates them to start a business. It provided students a chance to reflect upon themselves and question why they want to work and what kind of items they would like to sell.


Representative Jeongi Choi and CTO Sangyeong Oh also told us about the stories related to Ghost Kitchen. CTO Sangyeong Oh representative Jeongi Choi’s startup buddy during the initial stages of startup. They did not start together, but at some point, they became good buddies. CTO Sangyeong Oh develops as a hobby and he uses his technical skills to solve problems. For example, he developed an application that allows you to survey 3 representative companies of electric personal mobilities (kickboard) that are popular these days. He is in the process of developing several apps for Ghost Kitchen. He gave practical advice in a professional manner and told us about his life as a developer. It was a valuable time for students to think again about their future career.

The mentoring session helped students realize what they didn’t know about, what to prepare for, and what they want to do. Students who wanted more advice spent more time with the Ghost Kitchen representative and CTO.

We hope that students will become more interested in startup through close encounters with their founding KAIST alumni and work together. We look forward to your active participation for the next KAIST Startup-ting.

KAIST Startup-ting X Lunch Meetup Summary


The second story of KAIST Startup-ting was with Heybit, a computer and blockchain startup that provide a shared network for AI development. This startup-ting was specially run in the form similar to a lunch talk. After the lunch session, there was a career mentoring session with AI developers and representatives. It  was a good chance to have deep and meaningful conversations with KAIST alumni and company representatives. Moreover, it was a time for students and alumni to become closer to one another as they share similar experiences. Students freely asked questions about their career and got useful advice. Career mentoring session was satisfying for both the companies and the students.


Each company gave a lecture on the theme of AI that brings financial innovation.

First was representative Chungyeop Lee, chief executive officer of Heybit, who presented about the future of robo-advisors and asset management. Robo-advisors integrate AI robots and asset management. An AI that learned the principles behind making profit through deep-learning manages the customer’s assets. The essential feature a using a robo-advisor is automation. However, so far, it only takes a small part in the market. Nonetheless, robo-advisors have been growing rapidly. Robo-advisor market size in the US is more than 200 times that of Korea. The greatest advantage of robo-advisors is that it is cheap. It reduces the amount of manpower and the amount of sales commission by direct sales through online channels.

On the other hand, robot-advisor market in Korea is still small. The desire to invest has deteriorated due to the long-term collapse of the Korean stock market and its regulations. Korean robo-advisors follow non-face-to-face business regulations. Still, demand for robot-advisors in Korea is increasing. Government support for fintech is on the rise. Robo-advisors are an important aspect of asset management and will be further developed in the future.

Heybit provides automated investment services based on digital assets. Haybit aims to encourage the popularization of digital asset investments and wish to explore a possible new market.


The next presentation was given by Common Computer. Common Computer is a startup that provides a shared network for AI development through blockchain technology. Representative Minhyun Kim, a graduate of KAIST School of Computing, gave a lecture on the subject of blockchain, smart contract, and AI. There are two kinds of AI. The first is Owned AI, AI which can be programmed (intercepted). The second is Autonomous AI, AI which cannot be intercepted. Currently, another type of AI, Autonomous AI, is under development. Autonomous AI is deeply related to blockchain. The AI network use blockchain technology to extend the open-source ecosystem for individuals to develop AI services. Common Computer is trying to complete an ‘open resource’ that allows anyone to freely share resources (computing resources) like open-source. Blockchain and AI is also deeply related to finance.

Common Computer plans to use AI so that ecosystem participants can lead a P2P non-centralized cloud virtual world. Common Computer is a company that combines shared economy and AI blockchain, the core business model of the 4th Industrial Revolution. The unique characteristic would be that they are suggesting a shared network where developers can run the AI that they need.


AI, blockchain, and robo-advisor. They seem like three separate topics, but Heybit and Common Computer can complement each other and can be merged. It was a topic of interest for both students and developers.

After the lecture, students who wanted to ask more questions had some time to talk with the representatives. 2:1 mentoring sessions, which registration was held in advance, were also held where students could individually get advice. Students were able to freely ask questions and get advice from senior developers. Participating students were able to indirectly experience the startup ecosystem of today. We hope this was a great opportunity for both students and companies and we will continue to work to make a better startup-ting in the future.

KAIST Startup-ting X Mindlogic Summary


Our first KAIST Startup-ting was with Mindlogic, a company that deals with AI chatbots.

Mindlogic was founded by people who wish to create AI that they want to work with. AI technology will become more significant continue to advance as time goes by. Thus, Mindlogic wishes to create an audio-based AI chatbot that is able to converse emotionally.


Existing AI chatbots are classified according to their characteristics, but they are mainly task and text based. Chatbots, with human emotional dialogue, are still under development. Even Google has not been able to develop emotional chatbots yet. The chatbot that Mindlogic wants to develop is an emotional lover chatbot that feels similar to a real lover. Currently we have been conducting beta tests as a prototype testing session with a virtual male and female version.

Through the company’s introduction, we were able to see Mindlogic’s desire to develop services that can improve people’s loneliness through AI technology. The company’s vision and slogan is ‘people who want to make an AI that they want to talk to’. We look forward to the development of an emotional chatbot that deals with human feelings.


The company, by using the insights from prototype testing, wishes to set the development direction for AI chabot engine and native application for AI lover chatbot under development based on deep learning technology. We are looking for someone who would like to make these AI chatbots together. Working at Mindlogic will be a very valuable experience. We plan to utilize open source technologies to conduct research and development in collaboration with Mindlogic co-representatives. The developed system will be linked to Mindlogic’s dialog engine and will be used for services to be released later this year.

Although the day of the startup-ting was Friday, many students came and showed interest in the company and summer internship. Students who were interested in AI have also been able to get practical answers to their questions through in-depth Q&A session.

Startup-ting is a time for companies and students to meet each other and get to know each other. Company officials and students confront each other and find out about the difficulties they normally cannot converse about. It was a time satisfactory to both students and companies.