Six Korean Startups Attract Attention
The Busan Metropolitan City and the Busan Center for Creative Economy & Innovation introduced the Busan Smart City Living Lab at the Smart City Expo World Congress 2018 held in Barcelona, Spain from Nov. 13 to 15.
The congress is the world's largest annual exhibition related to smart city and Internet of Things (IoT). This year, some 400 experts participated in the exhibition, with 700 cities in 146 countries displaying 844 items.
The Busan Smart City Living Lab is an open-type IoT development platform (STArt@IoT) where startups in nine fields, including logistics, medical service, factory and energy, can build, test and prove their technologies.
The Busan Center for Creative Economy & Innovation has discovered 15 promising startups in the Busan area so far this year and helped them verify and commercialize their technologies.
Of them, six companies were introduced at the Smart City Expo World Congress 2018, attracting keen attention from the participants. They were Doctor’s Fab, DELI-I, Musma, SANTA, Ciot and IoT Solution. They looked for export opportunities through business matching services and displaying their products at the joint exhibition hall.
"The Smart City Expo World Congress was a great opportunity for us to promote the Busan Smart City Living Lab globally and explore overseas markets for startups," said an official from the Busan Center for Creative Economy & Innovation. “We have thus far focused on putting the living lab on a solid foundation. From now on, we will shift our focus to fostering companies with creative ideas and building sustainable smart cities.”