Gyeonggi Center for Creative Economy & Innovation

Gyeonggi Center for Creative Economy & Innovation (Gyeonggi CCEI) is an innovation hub that supports entrepreneurs which is located in Pangyo, Gyeonggi Province, south of the capital Seoul. The center promotes stable growth of startups through detailed and customized incubation and acceleration programs. The supports include office space, mentoring, technology, funding, investment attraction, market development and sales channel through collaboration among the government, municipalities, local universities, research institutes and corporate partners so that startups can start and commercialize their businesses without fear of failure.

The center provides diverse support programs for startups, which are not only in early stages but also in scale-up stages to enter the global market.  It also supports overseas startups with high growth potential and excellent technology in order to promote the innovation of entrepreneurial ecosystems in South Korea. Since it has been registered as a global accelerator by the Ministry of small and medium sized enterprises (SMEs) and startups, the center actively fosters startups in ICT, artificial intelligence (AI), Internet of Things (IoT), Virtual Reality (VR), Augmented Reality (AR), and autonomous vehicles. 

As a provider of comprehensive services for development of the startup ecosystem in Korea, Gyeonggi CCEI, the hub for global expansion, will lead innovations that impact the world. It is here to help those who are planning to start a business and those who have creative ideas, yet have difficulties in commercializing them.

‘Smart’ operation system using cloud service: THE WHITE COMMUNICATION 

A next-generation collaboration solution that transforms the way organizations deliver high-touch customer and point of sale services. To reiterate, the purpose for introducing the new customer service policy is to decrease the amount of complaints. Even before the Corona crisis, e-commerce is a major development business area in modern society. It can be said that direct customer taste, response, and management determine the success or failure of the business. The white communication company is said to have established an integrated operation system through the cloud after realizing that the business operation of the Omni channel is important, and gathered veterans with various experiences from the leading companies of e-commerce in Korea. Currently, it’s not only Korea but the whole world enjoys the growth of e-commerce markets, but I feel how hard it is to recognize and manage the rapidly growing market, and I feel that I am not well prepared for it. So you need to pay attention to the operations management system of the above-recognized company.

Technology that helps more accurate cancer diagnosis: Deep Bio

How accurate are prostate cancer screenings? The test for Prostate Cancer is initially simple, involving a blood test to check for a man’s PSA (Prostate Specific Antigen) levels. Direct recording electronics (DRE) should always be done with a PSA test when screening for prostate cancer. PSA, or prostate specific antigen, is a blood marker used to monitor the progress of prostate cancer. Experts know that diet and lifestyle choices play a part in prostate cancer risk. Deep Bio Inc., a company specializing in artificial intelligence cancer diagnosis solutions, obtained the first item approval in Korea under the name DeepDxTM–Prostate. It is also currently preparing to grant certification to the U.S. Food and Drug Administration (FDA) to enter the global market. What we need to pay attention to is that we are now taking various approaches to the medical field using artificial intelligence, and to that end, a Korean company is conducting research and development and implementation.

Potential opportunity for VR company to expand rapidly: MintPot

Virtual reality (VR) is a computer interface that delivers an immersive three-dimensional visual experience to the users. It creates a simulated environment using high-performance PCs and sensory equipment, such as gloves and headgears. Apart from the gaming and entertainment industry, learning and training and scientific visualization are among the most significant applications of virtual reality technology. In effect, the COVID-19 pandemic has highly boosted the demand for online lectures and other training practices using virtual technology among organizations. Remote learning and training with VR have become essential use cases due to the pandemic to minimize the risk of exposure.

Unfortunately, VR platforms companies have faced limitations of providing overseas contents due to the language barrier issues. ‘MintPot Co., Ltd’, a South Korean high-tech startup, is the provider of VR video service that enables its users to watch any VR videos in the world without the language barrier issue. With its VR subtitle technology━the subtitles follow the viewer’s gaze to perfectly deliver the storyline━ the company solved following language issues: 1) subtitle disappears or cut off when the user turns their hand, 2) the user feel difficult to distinguish subtitle when multiple speaker talks at the same time, 3) Subtitle tremors due to head tracking delay.

Under the huge support from the Korean government, ‘MintPot’ made a deal to collaborate with many major companies including Samsung, and KT. Recently released program, which is designed to help mock job interviews, is getting the spotlight. Based on various experiences and know-how, the company is expected to enter into the global market successfully.

Security authentication system verified on the international stage: SSensTone Inc.

It enables security on the network, chooses the security authentication type and enters a password ,by setting up these security tactics. Business owners often mistakenly feel they have adequate protection. Every new technology designed to protect valued assets attracts attempts to confound its security. What they don’t know is that encryption and authorization can be overruled by some of the techniques described above, For example, the client is unable to meet the security authentication requirements of the server but should be permitted some services. As listed above, choosing a security authentication-solution requires a very complex and diverse set of technologies that the public cannot think of. As there are many areas of expertise, it will not be easy for a company expert to choose. If so, we should pay attention to SSensTone Inc., a technology startup company that topped the European tech startup competition, EROPAS, in 2020. It is said that this company is already receiving proposals from many leading foreign companies for commercialization due to its successful one-time authentication code (OTAC).

Monitor your movable assets in real time: C&Tech

The Internet of Things (IoT) is the interconnection of things via the Internet. Thus, IoT-equipped things can give and receive relevant data. Despite the fact that Korea is one of the earliest IoT developers, its companies are reluctant to experiment with the IoT in their businesses but the internet of everything market is getting bigger. Experts say that the IoT will become a leading technology in consumer lifestyle. The volume of digital data created by people and stored on the IoT, a sum of all of the data that have been created by people, has been on a rapid increase. Things become “smart” when they are combined with the Internet, like smartphones, smart watches, and smart glasses and there is even a technology approach that can detect real estate and bank lending relationships. It seems like a variety of approaches, or an idea approach and a real life approach. Such a management system development company is C&Tech Co., Ltd. (CEO: Ki-Duk Kim) and the core technology is a sensor that can monitor loan vouchers received from banks in real time. It is said that if you attach a palm-sized sensor to a machine or any voucher, you can monitor them in real time right away. As Korea provides various loan support to each bank, it is believed that it will be able to reduce the risk of the financial sector by managing smart movable loans for each bank. In addition, it is thought to be a very useful approach for all other foreign financial institutions and companies that want to use it.

Technology to detect confirmed cases: EMTAKE

Thermal imaging camera, thermal image infrared camera, infrared thermography, thermography camera, and camera. These days, you will be able to see many of these terms or you will be able to see them easily. After the COVID-19 outbreak, professional medical meters and heat sensors appear in general public places and anywhere in each institution. In particular, Korea is considered one of the countries that controls the increase in the number of confirmed coroners by actively responding and keeping distance. As a result, it is well known that the quality of Korean products and medical diagnosis kits have received attention from many countries. Most of the usual transversal measuring equipment is near-field ease, and temperature and error range have been controversial. For this reason, EMTAKE Co., Ltd. of Korea produced and developed a product with a maximum distance of 7 meters, a small size, and a weight of 100 grams(MT30). Its core sensors are also called self-development in Korea, and the excellence of products is already in great demand for Korean government agencies, schools, religious facilities, hospitals, and factories.

Cross-border logistics platform: Coconut Silo

Little has changed since the ‘great logistical disturbance’ of 2003, with the same heart-breaking stories of truck drivers and their grievances and demands, and the same frustrating news of selfish consignors, parasitic freight brokers and negligent bureaucrats. Naturally, this led to the improvement of the logistics system. Logistics means total management including raw material, production, inventory and sales. Growing business opportunities around the world are demanding fast and reliable inventory turnaround to fulfill consumers’ needs. As such, the logistics system is a very important issue. Especially, the logistics brokerage, which supports the border areas centering on manufacturing, was not actually organized in relation to the practice of ignoring the system or platform, but the Korean professional platform developer, Coconut Silo Co., not only entered New Delhi, India with the support of the Korean Ministry of SMEs and Startups and the Korea Business Corporation, but also operated a logistics relay platform in the Vietnamese border area. The company is trying to establish a total border relay platform that reflects the entire ASEAN market including Vietnam, Cambodia, Laos and Thailand. They are developing these platforms under the spotlight of global distribution and complex transportation companies.