[Pangyo Technovalley, Innovation hub in ASIA] Seven Startups with Innovative Technological Competitiveness Participated in Xinova Global Acceleration Program "Domestic IR Day"

    LOS ANGELES, CA, November 06, 2020 /24-7PressRelease/ -- Seven startups participated in introduced their core technology and vision at the domestic IR day of the 2020 Xinova Global Acceleration Program in Pangyo held at the Pangyo Startup Campus on September 24. This event held as part of a global startup promotion project promoted by Gyeonggido Business & Science Accelerator was conducted in a non-face-to-face manner by inviting 18 domestic investment reviewers online to prevent the spread of COVID-19. Seven resident companies with outstanding technology are presenting at this IR day. They are EVA, Libest, Think, BrainU, Purify Techno, Alpha Circle, and Wadda, and their core technologies are as follows.

https://www.youtube.com/watch?v=Rxt-GbbtdK4
First, EVA is a startup spun off after being developed as an in-house venture of Samsung Electronics in 2018, and is providing a more convenient environment for using eco-friendly vehicles by innovatively replacing the existing electric vehicle charging infrastructure. EVA's CEO Lee Hoon said, "We need to expand the charging infrastructure to respond to the rapidly increasing demand for charging electric vehicles, but the fixed chargers that occupy parking spaces like now are receiving quite a lot of complaints from public parking lots. To solve the problem, we developed robotic and passive mobile solution with the concept of moving auxiliary battery."

https://www.youtube.com/watch?v=OPWDbQqmMjM
Libest is a company that develops and manufactures high-capacity flexible lithium-ion polymer batteries. The company is the world's first startup to develop a wrist-type smart watch charging band with a built-in flexible battery. Kim Ju-seong, the CEO of Libest, said, "Our product has the highest capacity per unit area among existing flexible batteries, and the entire battery section is flexible, with excellent durability and safety. We especially made the most of general-purpose lithium-ion secondary battery materials and processes, so we can easily mass-produce and be price competitive."

Think is a medical device manufacturer, and has developed a small MRI that is only one-third of the price of the existing MRI price. Through the miniaturization and vertical design of superconducting magnets and gradient coils, which are key MRI components, the company was able to develop nMRI (neuro MRI), a small MRI for brain that has reduced the size and price by 75% compared to conventional MRI. CEO Jang Woo-joo of Think explained, "If we expand the penetration rate of MRI and diagnose brain diseases early through nMRI, we will be able to reduce related medical costs and also contribute to improving the quality of life."

BrainU, the fourth participant, is a developer and manufacturer of anesthesia depth meter. This company's anesthesia depth meter consists of a sensor attached to the patient's forehead to collect EEG, an amplifier that amplifies the EEG signal and converts it into a digital signal, and a monitor that processes the collected signal with an algorithm and displays it to the medical staff. Hong Seung-gyun, the CEO of BrainU, introduced it by saying, "Amid growing concerns about anesthesia-related medical accidents around the world, our products can prevent arousal and hyperanesthetic accidents during anesthesia."

Purify Techno is a startup that researches and develops nanofiber and manufactures air conditioner and air purifier filters with it. This company manufactures and sells non-electrostatic filters to replace electrostatic filters that are affected by external environmental factors such as humidity. It is also manufacturing quarantine masks with high-performance filter manufacturing technology, and it recently released masks that can be used multiple times. Yang Kwang-hoon, CEO of Purify Techno, said, "Starting with mask products to respond to COVID-19 pandemic, we are developing global marketing."

https://youtu.be/P27Jg1LGyFI
Alpha Circle, is a company that possesses high-definition 4K VR algorithms. It develops and sells VR video solutions. At the end of 2019, the company commercialized AlphaView, which plays VR downloaded videos in 8K quality, and is currently preparing to commercialize Alpha Streaming, which supports streaming VR images of the same quality. Alpha Circle CEO Shin Eui-hyun introduced it by saying, "We are developing and supplying VR video solutions to effectively solve the poor quality problem of real-life VR video and express 8K 3D ultra-high quality by software."

Wadda is developing and providing an AI cloud spatial recognition platform that provides accurate locations underground and indoors based on hybrid spatial data and AI algorithms. CEO Kim Min-gyu said, "If you use our platform, you can check visitor access control, movement route, real-time location, duration of stay, and concentration, and we are providing the environment that institutions and companies can easily implement location information service by using various spatial data."

Companies selected to participate in the global startup fostering project Xinova Global Acceleration Program in Pangyo will be provided with office space and infrastructure in Pangyo Technovalley Startup Campus for one year, and the chance to receive specialized program to enter the global market by training, mentoring, and networking. Also, companies will get the chance to participate in overseas IR/demo days.

Xinova Asia provides companies with innovative services to solve problems and brace for the future. As a part of the global startup acceleration project by the Gyeonggi provincial government and Gyeonggi Business & Science Accelerator (GBSA), it is running 2020 Xinova Global Acceleration Program at Startup Campus Global Acceleration Center in Pangyo Techno Valley. The program selects promising startups in various Industry 4.0 sectors such as green energy, IT and AI, and bio-healthcare and provide residence in the center for one year and various support to help them enter the global market.

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