VisualCamp, a member company of the K-ICT Born2Global Centre, won third place in the 6th Dongsheng Cup International Entrepreneurship Competition, which was held on Dec. 13 in Beijing. It was the only Korean company to win an award in the competition, which it managed to do based on its outstanding technology and commercial potential.
VisualCamp, a Korean startup that specializes in eye-tracking technology, won prizes that included a cash prize of 20,000 Chinese yuan, one year of free office space at Zhongguancun Dongsheng Science & Technology Park (located inside Zhongguancun Innoway, a major street for startups in China), access to investment opportunities, diverse forms of incubation support, and opportunities to establish business connections.
This year, the preliminary round was held in September in various countries, with the semi-finals and finals being held from Dec. 11 to 14. Of the approximately 3,500 companies that participated in this intense competition, 3,000 were Chinese companies, and 500 were foreign companies.
VisualCamp was also selected as one of the top 10 global companies in the final competition of 2018 IPIEC Global, which was held on Dec. 13. IPIEC Global is an event hosted by the China National Intellectual Property Administration in which companies from all over the world that have developed innovative technologies compete in front of distinguished technology investors and judges. VisualCamp passed the national preliminaries to become the only Korean company to reach fourth place.
At the final screening, one investment judge said that VisualCamp's eye-tracking technology is unparalleled in the world. The judge also stated his expectation that the technology could be immediately applied to Chinese education business models as a means of improving the educational effect of smart pad-based learning and increasing the concentration of students who use the smart pads.
VisualCamp CEO Suk Yun-chan said, "I'm deeply moved to see VisualCamp win multiple awards at major Chinese competitions, knowing that it is the result of the tireless efforts of the entire VisualCamp team to achieve technological innovation."
Founded in 2014, VisualCamp began with a technology that enables the user to input text solely via eye movements. This was later developed into eye-tracking software for VR/smart phone devices. So far, VisualCamp has unveiled new technologies every year.