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KT, Gyeonggi Innovation Center Support Korean Start-ups to go Global
Global Network
KT, Gyeonggi Innovation Center Support Korean Start-ups to go Global
  • By Cho Jin-young
  • June 15, 2015, 02:45
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G-CCEI CEO Lim Deok-rae (2nd from right) attends Orange Fabs’ International Demo Day held in France on June 11 to discuss the start-up ecosystem with telecoms companies like Orange Telecom and Singapore Telecommunications Limited.
G-CCEI CEO Lim Deok-rae (2nd from right) attends Orange Fabs’ International Demo Day held in France on June 11 to discuss the start-up ecosystem with telecoms companies like Orange Telecom and Singapore Telecommunications Limited.

 

KT and the Gyeonggi Center for Creative Economy & Innovation (G-CCEI) are supporting Korean start-ups to tap into global markets through KT’s global business networks.

Following CommunicAsia 2015, the largest information and communications technology (ICT) exhibition and conference in the Asia-Pacific region being held in Singapore on June 2, KT and the G-CCEI announced on June 12 that it would support three domestic start-ups to participate in Orange Fabs’ International Demo Day held in Paris, France.

At what is known to be the largest network of start-up drivers in Europe, a rehearsal was held on June 10. Starting with the address of French telecoms giant Orange CEO Stephane Richard on the Demo Day on June 11, 30 start-ups displayed their products and seven companies made presentations for journalists, bloggers, and venture capital firms.

In the matching event held afterwards, start-ups met with numerous business partners, including France’s leading telecoms firm Orange, to exchange information and data for nurturing start-ups.

Being recognized for its outstanding software convergence technology and business value by the G-CCEI, Frasen, Irience, and AnyRactive were selected as the participating startups. The three companies were supported with not only air fare and system expenses but also booths to promote their products and services in the event.

G-CCEI CEO Lim Deok Rae said, “Beginning with the participation in this event, we will actively help top companies, which are recommended by innovation centers all over the nation, to tap into the global markets through cooperation programs with G-Alliance organizations in the future. Also, we will support excellent overseas start-ups to make inroads into the domestic market, making the G-CCEI as the hub of overseas expansion for startups.”