CJ Investment Launches 'Global Accelerating Program'

CJ Selects 7 Teams for Investment in Startups

CJ's corporate venture capital (CVC) CJ Investment announced on the 18th that it has launched the 'CJ Global Accelerating Program' in collaboration with Plug and Play (PNP), a global startup accelerator.

CJ Investment CI [Photo by CJ]

This program recruited participating teams from startups invested in by CJ Investment and its major affiliates. PNP's global investment experts and specialized judges in various fields conducted document and interview evaluations.

Through this process, seven startups that have secured seed-stage or higher funding, possess differentiated business models and technological capabilities, and are deemed highly suitable for global expansion due to their future growth potential were finally selected as recipients of global accelerating support.

The selected startups are ▲Flask (AI-based video motion capture solution) ▲GenesisLab (AI video interview solution) ▲Algocare (personalized health functional food solution) ▲SelectStar (AI data preprocessing platform) ▲Visual (jewelry platform) ▲Splap (scheduling automation solution) ▲Proxy Healthcare (healthcare products utilizing microcurrent).

After orientation, these startups will undergo one-on-one customized mentoring and group workshop programs provided by PNP, whose expertise has been verified through nurturing companies such as PayPal and Uber, from mid-June to September. Subsequently, at the end of September, a 'Demo Day' will be held where business plans utilizing each company's products and services will be presented, and the top three startups will be selected.

The top three startups selected will participate in the 'PNP Silicon Valley Summit' scheduled for December, where they will expand their networks with PNP partner companies and global investors and gain opportunities for investor relations (IR) presentations.

Kim Do-han, CEO of CJ Investment, stated, "This is the first program attempted to support global expansion for CJ-invested startups that align with the group's future innovation growth." He added, "We will do our best to provide scale-up opportunities by expanding the global infrastructure and network of the group's investment portfolio companies."