Korean Tech Startups Recognize for Performance in the European market at TNW Conference Europe 2017

May 23, 2017 18:13 Korea Standard Time
  • Korean startups attended TNW Conference Europe 2017 held May 18-19, 2017, in Amsterdam, Netherlands....

    Korean startups attended TNW Conference Europe 2017 held May 18-19, 2017, in Amsterdam, Netherlands. They demonstrated their potential and have been recognized for their outstanding performance in the European market.

SEOUL--(Korea Newswire) May 23, 2017 -- 31 promising Korean startups attended TNW Conference Europe 2017 (hereafter “the Conference”) held May 18-19, 2017, in Amsterdam, Netherlands.

31 Promising startups of Korea showcased advanced technologies such as Fintech based on blockchain, nano new materials, eco-friendly products, IoT and software service to the European market.

Ministry of Science, ICT and Future Planning (hereafter “MSIP”), Ministry of Culture, Sports & Tourism and Small and Medium Business Administration of the Korean government are making joint efforts in backing tech startups to advance into the European market under the name of K-Startup.

Mr. Koh Kyeongmo, Deputy Minister for Creative Economy Coordination in MSIP showed high expectations for the Conference in that it will trigger promotion of Korean startups’ tech capabilities on the global stage and attract substantial investment in the future.

TNW Conference Europe 2017
This is the largest tech conference in Europe having been initiated from 2006 and it consists of programs including workshops, tailored networking events for startups and exhibitions. It attracts about 20,000 participants and 4,000 companies who are tech investors, accelerators and startups from over 100 countries. The Korean government will increase the support for Korean tech startups pioneering into the European market by utilizing the venue of the Conference.

Korea in TNW Conference
In the Conference, the Korean government operated K-Startup Pavilion which displays products and services from various fields such as iris recognition devices and solutions, drones with one-handed controllers, seed packages and portable hydro-power generators. In particular, the Korean government co-hosted Investor Dinner with TNW, thereby fostering networking of global investors. In the venue, around 80 promising investors handpicked by TNW along with some Korean startups have participated.
Furthermore, 7 Korean startups have advanced to the semi-final round of competition which guarantees them the chance to pitch in Arena. In the competitions, Korean startups’ innovative products have been promoted and the startups competed to be award-winners.

31 Promising Startups of Korea
Major Korean startups took part in the Conference. For example, Smart Study, a kids-content startup having exceeded 15.5m dollars in sales as of 2016 attended the event. Studio XID, a software startup of which its service is used by global companies such as Google, Facebook, Baidu and Alipay also participated. For detailed information on best Korean startups, please visit here or watch K-Startup Show reel.

● Smart Study: www.smartstudy.co.kr
● Studio XID: www.protopie.io
● KOREA STARTUPS : http://thewelcome.ipdisk.co.kr/publist/VOL1/guest/Korea%20Startup%20IR%20Report%20Edition.pdf
● K-Startup Show reel:

Website: http://www.msit.go.kr/web/main/main.do


Ministry of Science, ICT and Future Planning
Yang Yunay, Deputy Director
+82 2 2110 2086

This is a news release distributed by Korea Newswire on behalf of this company.