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Open Innovation: Connecting Mid-Sized Companies and New Startups for Success

Finding solutions to innovation with mid-sized companies and startups

Finding solutions to innovation with mid-sized companies and new startups

– ?Medium-sized companies-new startups (startups) win-win lounge?(11. 10.)

– Connection (networking) such as signing a business agreement with 6 organizations to promote open innovation and announcing investment inducements for new start-ups (startup pitching)

The Ministry of Trade, Industry and Energy (Minister Bang-gyu Bang, hereinafter referred to as the Ministry of Trade, Industry and Energy) held the ?Medium-sized Enterprise-Newly Startup Enterprise (Startup) event at COEX in Seoul on Friday, November 10, with about 100 people including mid-sized companies and new business start-ups (start-ups) in attendance. A win-win lounge was held.

*This is the 4th year of the event, and we have discovered successful cases of mid-sized and startup cooperation, such as logistics automation robots (mid-sized company – startup Twiny) and remote ship after-sales service solutions (mid-sized company – startup Toz). has exist

This coexistence lounge is centered on the theme of open innovation (open innovation) between mid-sized companies and new start-ups in the field of manufacturing innovation, such as process and energy efficiency. △8 excellent new start-up companies investment inducement presentations (start-up* pitching) and A business agreement signing ceremony was held between 6 organizations** to attract investment, commercialize, and support overseas expansion for connection (networking) with mid-sized companies and △connection (matching) companies (mid-sized and new startups (startups)). .

*8 companies including Bumyeong, Florizen Robotics, New World, Seed&, New Energy, Finders, Inno Project, and Sol Grid

**Korea Federation of Mid-sized Enterprises (mid-sized demand development), KDB Korea Development Bank (finance), Korea International Trade Association (overseas expansion), Korea Institute of Electronic Technology (technology commercialization), Korea Institute for Advancement of Technology (R&D), Korea Industrial Intelligence Association (digital) transform)

△In the presentation of best cases of collaboration between mid-sized companies and new startups, the open innovation achievements of senior mid-sized companies* were introduced and experiences and secrets (know-how) such as investment strategies and technical cooperation directions for new startups were introduced. ) was shared.

*Samik THK (mid-sized CVC strategy for open innovation), Shinsung ENG (direction of technological cooperation to secure new growth engines)

Lee Min-woo, Director of Industrial Technology Convergence Policy, said in his opening speech, “With economic vitality revitalizing in the second half of the year, including improved exports and recovery in growth, mid-sized companies and new start-ups (startups) are pursuing technological innovation through open innovation and entering the world. “This is more important than ever,” he said. “We will actively pursue policy support tailored to mid-sized and new startups (startups), such as revitalizing corporate venture capital (CVC) for these companies, attracting investment, and supporting overseas expansion.”

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2023-11-10 09:00:20
#산업통상자원부 #Midsized #companies #find #solutions #innovation #startups #News #related #organizations

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