SparkLabs Selects 5 Companies for Batch Program 23 to Foster Early-Stage Startups

15-Week Development Program Including Investments of Up to 100 Million KRW or More

Global accelerator SparkLabs announced on the 9th that it has selected five companies to participate in the 23rd batch program supporting the growth of early-stage startups in Korea.

A total of over 300 early-stage startups applied for the 23rd batch program, and five companies with strong growth potential were finally selected after a highly competitive process. Among the five companies, two are developing businesses by integrating artificial intelligence (AI) into the fashion sector. Draftype develops and operates a service that creates custom models tailored to clients' needs and sensibilities using generative AI technology, which can also be utilized for content creation. Fashion tech company Stylemate operates a platform that maximizes promotional effects through sponsorships from fashion brands.

Representatives and employees of five companies selected for the 23rd SparkLabs batch program are taking a commemorative photo.

In addition, SparkLabs supports ▲ WeBearSoft, the operator of OSORI, an integrated API monitoring solution that enhances API security and convenience ▲ LeHosa of jewelry brand MS.GREEN, which offers trendy daily fine jewelry at reasonable prices by combining customer preference and purchase data analysis ▲ PulseAd, a retail media platform operator providing one-stop services necessary for advertising optimization.

SparkLabs runs an acceleration program that includes up to 100 million KRW in early-stage investment, approximately 15 weeks of one-on-one company diagnosis and customized coaching, in-depth sessions with top mentors in various fields, product-market fit exploration, and sessions with outstanding SparkLabs alumni.

In particular, at the final stage of the program, a private demo day attended by major domestic investors is held, providing the 23rd batch startups with opportunities to present their business achievements and attract follow-up investments.

Kim Yoo-jin, CEO of SparkLabs, said, “Many highly complete IT startups in terms of technology and team composition applied for the 23rd batch, so we put a lot of thought into the selection.” He added, “We will spare no effort to support them by linking not only domestic resources but also the global network of the SparkLabs group to help them build a solid business foundation.”