The TIPS Global Demo Day 2024, held virtually on December 27, proved to be a resounding success, featuring South Korea’s top tech startups and attracting global venture capitalists eager to explore groundbreaking innovations.
This highly anticipated event highlighted South Korea’s growing influence in the global startup ecosystem, fueled by strong government initiatives and a dynamic private sector. Co-hosted by the Korea Business Angels Association (KBAN) and beSUCCESS Media Group, the Demo Day demonstrated the impressive potential of Korean startups in reaching international markets and achieving global success.
Event Highlights
The event showcased 10 high-potential Korean startups, each offering innovative solutions across a variety of sectors, including AI, biotechnology, energy, semiconductors, and more. These startups provided investors and attendees with a sneak peek into the future of technology, offering solutions poised to transform industries on a global scale.
Global Investor Engagement was a major highlight, with investors from regions such as Japan, the USA, UAE, Saudi Arabia, Indonesia, and Singapore attending the event. Their participation brought invaluable feedback, fostering cross-border investment opportunities and signaling strong interest in South Korea’s startup ecosystem.
Innovation Showcase & Networking
James Jung, CEO and founder of beSUCCESS Media, kicked off the event, welcoming both the global venture capitalists and the 10 Korean startups. He emphasized the success of the past editions of TIPS Demo Day, citing participants like Riiid, an AI-powered education solution that has raised investments from the Softbank Vision Fund and reached unicorn status, and bitSensing, which has made significant strides in radar technology with backing from global investors.
The TIPS Global Demo Day startups presented a wide array of innovations, from healthtech and AI to fintech, fashion tech, and robotics. These cutting-edge solutions were met with enthusiastic questions and insights from investors, who inquired about business models, technology, and global expansion plans. The interaction between startups and investors was a key component of the event, as it allowed startups to gain essential feedback while providing investors with the chance to assess potential opportunities for collaboration and investment.
Global Investors at the TIPS Demo Day 2024
The event attracted a diverse range of investors with extensive experience in identifying and supporting transformative technologies. Notable attendees included:
- Kenji Makiguchi, Venture Capitalist at DIMENSION, Japan
- Ekta Dang, CEO and Founder of U First Capital, USA
- Jason Jacobsohn, Founder & Managing Partner of Propellant Ventures, USA
- Iskander Haouam, Investments and Ventures Builder Manager at Namal Impact Investment, UAE
- Walied Albasheer, Founder & Managing Partner at Intuitio Ventures, UAE
- Alex Toh, Investment Team at SC Ventures, Singapore
- Sally Yin, Investment Director at SC Ventures, Singapore
- Dharmadi Gusanto, Investment Professional at Alpha JWC Ventures, Indonesia
- Rexi Christopher, Venture Partner, Indonesia
- Takashi Kato, Representative Partner and Founder at Tee-Es LLC, Japan
- Ryoko Manabe, Alchemistaccelerator, Japan
- Ethan Chen, Associate Attorney at Chugh, LLP, USA
- Magaly Garza, CEO at nave-go, USA
Startups That Showcased Their Innovations
The 10 startups that showcased their innovations at TIPS Demo Day 2024 spanned multiple industries and demonstrated cutting-edge technologies:
- MolCube, Inc. – AI-driven molecular simulations for transforming drug discovery.
- Injewelme – AI health solutions for children with 98% preventive care accuracy.
- S&K Therapeutics – AI-driven oral treatments for autoimmune diseases.
- Corca LLM – Revolutionizing document search and team collaboration with AI.
- PerfittSize – AI-powered size recommendations for the footwear industry.
- Hilokal – AI language learning platform with over 1.6M global users.
- Vaxdigm – Innovative vaccine production platform, CHAPERNA.
- ArgosVision – Advanced 3D vision systems for robotics.
- Credos Partners – Fintech solutions for cross-border investments.
- AIPARK Inc. – Multilingual digital human videos powered by AI.
Investor-Startup Interactions
During the Startup & Investor Sessions, each of the 10 startups had the opportunity to present their innovations in detail, followed by an interactive Q&A session with investors. Investors probed into the startups’ business models, technology, and global expansion strategies, offering valuable insights and feedback to help refine their approaches.
The interaction between the startups and investors was overwhelmingly positive, with many investors expressing enthusiasm for the startups’ potential and the broader TIPS cohort. Investors recognized the remarkable innovation and the scalable business models presented, underscoring the global investment opportunities that South Korean startups offer. The TIPS Demo Day 2024 proved to be a pivotal moment in connecting talented entrepreneurs with international investors, driving the future of innovation and global expansion.
The event concluded on a high note, with startups and investors forging meaningful connections that are expected to lead to strategic partnerships, investments, and collaborations in the near future. As the global startup ecosystem continues to evolve, the TIPS Demo Day 2024 marked a significant milestone in South Korea’s growing presence as a global innovation hub.
About the Organizers
TIPS (Tech Incubator Program for Startups) is South Korea’s premier startup accelerator, recognized globally for its support of high-potential Korean startups. TIPS has helped over 3,200 startups generate more than $10.7 billion in investments and create over 22,500 new jobs, positioning itself as a central figure in the global startup ecosystem.
KBAN (Korea Business Angels Association) plays a crucial role in nurturing early-stage startups in South Korea, fostering a robust investment environment and contributing to the overall growth of the startup ecosystem. As Korea’s leading network for business angels, KBAN continues to empower innovative entrepreneurs.
beSUCCESS Media Group is a global media platform for startups with a proven track record of helping startups scale internationally. The company was instrumental in co-hosting the TIPS Global Demo Day, providing valuable exposure to the participating startups.
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