[Daejeon=Daily Korea Reporter Lee Young-ho] Chungnam National University (President Kim Jeong-gyeom) Startup Support Group held an ‘Open Innovation Meetup Day’ to create new growth engines for companies in demand and accelerate startups’ market entry.
Chungnam National University Startup Support Group held an ‘Open Innovation Meetup Day’ on the 11th at the Human Resources Development Center Maruville with the participation of Jo Kwang Paint and promising local startups.
‘Open Innovation’ is a strategy for companies to achieve innovation by utilizing external organizations or resources in the process of research, development, and commercialization. This event was prepared to create a plan for mutual growth and innovation between large and medium-sized companies by combining startups’ technology, knowledge, and ideas with internal resources.
On this day, five promising local startups, including Jogwang Paint, a demand company that has embarked on discovering new businesses in materials, electricity/electronics, and ESG, and Bizcure Co., Ltd., Palladium Biotech Co., Ltd., Enspectra Co., Ltd., DK Bio Co., Ltd., and STH Co., Ltd., participated in the Open Innovation Meetup through a separate selection process.
The five startups that participated this time and Jogwang Paint's New Business Division matched differentiated technologies and ideas through 1:1 business meetings for PoC (Proof of Concept) and discovered practical collaboration tasks.
The Startup Support Team plans to select the final Open Innovation startups through a presentation evaluation in January next year and, together with Jogwang Paint, will support the startups' development of new technologies and new products through follow-up support such as PoC commercialization funds and technology development (R&D) in 2025.
Bizcure CEO Lee Seok-ju said, “Startups rarely have the opportunity to meet large and medium-sized companies one-on-one to discuss business, so it was meaningful to have this opportunity,” and added, “I hope that this meetup will provide many opportunities for startups in our region to collaborate with large and medium-sized companies on a regular basis.” Startup Support Team Director Kim Cheon-gyu said, “This program is meaningful in that startups have built a cooperative system with large and medium-sized companies by overcoming limitations such as size and region,” and added, “We will continue to do our best to support startups to develop a sustainable open innovation ecosystem by strengthening research achievements and cooperative systems between companies.”