Prospective Startup Entrepreneurs with Creative Ideas
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2018 Startup Express Summer Season
Korea University Business School’s Startup Institute (Director=Professor Hicheon Kim) welcomed their fifth teams at Iljin Center for Startup Incubation. On June 15 at 2 pm, the Startup Institute held ‘2018 Startup Express Summer Season’ at Startup Station, KUBS Main Building where prospective startup entrepreneurs presented their creative and brilliant ideas. This startup competition event was hosted by KUBS Startup Institute and sponsored by Korea University F-MBA Partners, Korea University Business Research Society and Korea University LINC+ Cooperation.
“As of today, we have the fifth opening of Startup Express,” said Professor Hicheon Kim, Director of Startup Institute. “I can see that the applicants’ capability improves over the years.” Mr. Yeo-Dong Yoon, CEO of Polestar Health Care, who was also in charge of the opening remark added, “Korea University provides the best environment to prospective entrepreneurs.” “I know many of you would be concerning about economic reward for running your own business, but I believe that is something that naturally comes to you as long as you follow your goal.” “Make sure you think carefully on whether your business idea is something that is demanded in the society.”
On the ‘2018 Startup Express Summer Season’ event, each applicant team gave a presentation on their business idea, followed by Q&A sessions. Their presentations were evaluated by 10 judges including △Kyung-Joon Kim, General Manager, Board of Future Planning at Korea Times △Professor Hicheon Kim, Director of Startup Institute △ Jin-Seung Nam, Manager at Yuanta Securities Korea Co. Ltd. △Professor Daeyun Park, Research Professor at Startup Institute △Myung-Cheol Shin, Partner at KingsBay Capital △ Professor Shijin Yoo, Director of Seung Myung Ho Entrepreneurship Education Center △Yeo-Dong Yoon, CEO of Polestar Health Care △Seung-Cheol Lee, Assistant Manager at KCC △Seung-Pyo Lee, Director at Iljin Group △Dong-Hyun Choi, Team Manager at Kakao Ventures.
The judging criteria were each business model’s △creativity △marketability △feasibility △depth of market research and analysis. The shortlisted applicants were four startup teams, the awardees were △‘Homo erectus’ (Grand Award) △‘Enjoying Lions’ (Excellence Award) △ ‘youMake’ (F-MBA Partners Award) △‘Skylab Games’ (Business Research Society Award).
The award benefit for the four startup team awardees is the admission to Iljin Center for Startup Incubation, KUBS Startup Institute starting from July 2018. The admitted teams are also eligible for financial support and educational program by Startup Institute. They are eligible for mentoring program with current startup entrepreneurs, industry experts, and venture capitalists, from which the teams can get practical assistance. In addition, the admitted teams are eligible for professional assistance from Kim & Chang Law Firm and PwC Korea.
The 2018 Startup Express Summer Season event is
sponsored by Korea University F-MBA Partners, Korea University Business Research Society and Korea University LINC+ Cooperation. F-MBA Partners comprised of KUBS Finance MBA alumni donated two million won. Korea University Business Research Society, who are KUBS Executive MBA alumni made the contribution of one million won. Korea University Business Research Society, in particular, has made the contribution for the fifth times.
