Entrepreneurship Lunch Talk
Entrepreneurship Lunch Talk is a monthly entrepreneurship lecture program held during the semester to inspire entrepreneurship in KAIST. Due to COVID-19, 2020 Lunch Talk was held online and is available on Youtube Live!
One of the most important assets in a modern enterprise is data. Data is crucial to make important business decisions, because companies must collect and analyze countless data, regarding customer information, sales, and advertisements. While there are many solutions that collect, refine, analyze, and visualize data in the market, there is no general solution that can combine various solutions according to the situation. Even if the solution successfully integrates data collection, analysis, and visualization of data, data efficiency and productivity are very low due to the high level of security required for data and personal information leakage issues.
Additionally, most large companies have built their own ERP (Enterprise Resource Planning), BI (Business Intelligence), DI (Data Intelligence) platforms at astronomical costs, or integrated extremely expensive solutions in the market into their own internal systems. Thus, it became more difficult for startups and SMBs (Small Medium Business) to integrate and innovate data tasks at a reasonable cost.
CHEQUER develops and sells SQLGate, the No.1 database IDE for domestic customers. The company has a higher level of understanding and expertise in databases and the data industry than any Korean data company, and is rapidly growing in the global market.
The first online Lunch Talk of 2020 was held with CHEQUER’s CEO InSeo Hwang about “ How To Survive in Harsh Korean Software Startup Field” 🙂
Bluepoint Partners, established in 2014, is a partnership-driven startup accelerator that invests in high-tech companies. Bluepoint Partner’s CEO Yong Kwan Lee, has exited from his previous semiconductor startup Plasmart, and established Bluepoint. Until last month, the company invested in 151 startups in fields of Internet of Things (IoT), robots, software, and bio, with an estimated corporate value of 1.3 trillion won. ‘Aron’ and ‘Tomocube’, one of the first companies to be invested, are considered as startups with the most advanced technology in the field. Last year, the medical device company ‘Speclipse’, which offers cancer diagnostic solution, was taken over by ‘CELL RETURN’, and ‘Polariant’, a startup which developed an indoor position tracking technology, was taken over by ‘Socar’.
The CEO of Bluepoint Partners Yong Kwan Lee gave a wonderful lecture for the May Lunch Talk. It was an insightful time to hear about Lee’s startup and exit experience 🙂
Healcerion is a company which developed a wireless portable ultrasound device called ‘SONON’ in 2014. SONON is the world’s first wireless portable ultrasound device that can connect to smartphones and tablets, and made high-end ultrasound devices that weigh over 100 kg used in hospitals portable. SONON only weighs 370 g and reduced existing bulky ultrasound devices to the size of our palms. Sonograms can be displayed by connecting SONON to smartphones, tablets, and PCs.
Healcerion CEO Jeong-won Ryu, who successfully became a high-tech medical device-related venture business man from a doctor, gave a great lecture about “The Startup Dream of a Doctor” at the Healcerion Seoul headquarters 🙂
Swit is a San Francisco-based startup that provides a team collaboration platform that combines team chat with task management. Since its official release in March 2019, the company has been growing rapidly, with about 2,000 client companies and 10,000 teams using the service. In February, the company won the “Growth Startup of the Year” award at Startup Grind’s 2020 Global Conference, the world’s largest startup community with over 4,000 startups from 133 countries participating.
The CEO of SWIT Juhwan Lee joined us for our special Lunch Talk in June 🙂
If you’re already using collaboration tools like Slack and Notion, how about using SWIT for the perfect collaboration experience? +_+
We were glad to spend insightful time with the speakers in the spring semester 🙂
Stay tuned for more Lunch Talks in the second half of the year!!
KAIST Student Startup Support Program
E*5 KAIST (16th)
Total of 78 participants
2020. 4. 21 – 2020. 6. 19
1 Grand Prize / 2 Awards of Excellence / 1 Special Prize / 1 Activity Award
16th Mentor Group
Seniors who participated in E*5 KAIST
Mission + Activity
1 Mentor was assigned to educate for each mission, and 3 Seniors were assigned to coach the teams on a regular basis. After the education and coaching stages, teams were selected through evaluation to receive additional funding.
During the program, teams visited mentors (Mentoring), met with field experts to solve issues (Networking), visited startups (Field Trip), conducted marketing research (Research), and collaborated through activities and team meetings (Teamwork). All activities were uploaded and recorded on ‘CLASSUM’.
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.