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Domestic Startups to Show Tech to Global Investors
Illustrating Strengths
Domestic Startups to Show Tech to Global Investors
  • By Cho Jin-young
  • September 15, 2015, 01:45
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Francois Lecomte, CEO of AXA General Insurance Korea, delivers a congratulatory speech at the “Orange Fab Asia Joint Demo Day” for start-ups in the Gyeonggi Center for Creative Economy & Innovation (CCEI) on Sept. 14.
Francois Lecomte, CEO of AXA General Insurance Korea, delivers a congratulatory speech at the “Orange Fab Asia Joint Demo Day” for start-ups in the Gyeonggi Center for Creative Economy & Innovation (CCEI) on Sept. 14.

 

There will be a series of events in which domestic start-ups compete with other global start-ups, including Japan and Taiwan, in technology, while international investors are present.

First, Orange Fab, the startup accelerator program created by French mobile carrier Orange, held an “Asia Joint Demo Day” for startups in the Gyeonggi Center for Creative Economy & Innovation (CCEI) to compete to attract foreign investment. The government plans to expand it to all centers for CCEI across the nation in the future.

The Ministry of Science, ICT and Future Planning announced that it held the “1st Creative Economy & Innovation Center-Orange Fab Asia Joint Demo Day” at the Gyeonggi Center for CCEI in Pangyo, Gyeonggi Province, on Sept. 14. At the event, five firms in the Gyeonggi Center for CCEI and 11 firms of Orange Fab in Seoul, Taiwan, and Japan demonstrated their products and services, intensely competing to attract investment.

Based on its 240 million subscribers in 30 countries around the world, Orange is helping startups to tap into the global market. The Gyeonggi Center attracted Orange Lab Korea in the center on Sept. 1, and hosted its demo day.

Orange Labs are the global organizations in charge of Orange Group’s innovation. Starting with Silicon Valley in March 2013, labs have been set up in nine countries such as Japan and Israel. Also, the company has run the Orange Fab and fostered nearly 100 global start-ups to date.

The event was participated in by five teams selected in CCEI centers all over the nation: Moving Key, Earing, Wise Wells, Nomit, and Irience. Five Korean teams took part in Orange Fab Season 2: Dot, Frasen, MtoV, Neofect, and Pied Piper. Two Japanese teams, Scentee and Fuller, were selected in Orange Fab in Japan, and four Taiwanese teams selected in OrangeFab in Taiwan: Absolute Tech, Docceo, iStaging, JrSys. There was also Irience, a firm supported by the Gyeonggi Center.

The Gyeonggi Center for CCEI will select five teams from the nation’s CCEI centers in for Taiwan Orange Fab Demo Day, which will take place on Oct. 16.