First Official Move After Inauguration... Shift Demo Day Event
8 Startups Final Selection... Technical Support and Investment
Hong Beomsik, CEO of LG Uplus, attended the 'SHIFT' Demo Day event, a startup discovery and nurturing program, as his first official activity after taking office. He emphasized the need to proactively discover companies with promising artificial intelligence (AI) technologies and achieve technological innovation through collaboration to create customer satisfaction.
Hong Beom-sik, President of LG Uplus, attended the 'Shift' demo day event, a startup discovery and nurturing program, as his first official activity. The photo shows President Hong (fifth from the left) taking a commemorative photo with the representatives of startups selected for Shift. Photo by LG Uplus
SHIFT is a program by LG Uplus aimed at advancing AI technology by discovering startup teams from university research labs with high growth potential and related startups, supporting them to establish themselves in the market.
Selected companies are provided with opportunities such as ▲technical support including IXI API (Application Programming Interface) and infrastructure ▲business acceleration programs ▲business collaboration with LG Uplus ▲consideration of equity investment through dedicated funds.
The SHIFT Demo Day was organized to attract external investment for startups selected in the program and to formally discuss technological collaboration with LG Uplus. About 100 executives from venture capital, university technology holdings, and startups attended the event along with CEO Hong.
The startups finally selected for the SHIFT program include eight companies: ▲AI Agent category: Lemong, Omelette, Fairy, ToggleCampus ▲Software Operation and Development category: SqueezeBeats, Technometrics ▲AX Model category: Trillion Labs ▲AX Core Technology category: AIM Intelligence.
The final successful startups held corporate presentations to attract investment from attending venture capitalists. They also presented plans for proof of concept (PoC) to commercialize technologies for technical collaboration with LG Uplus. LG Uplus plans to support costs incurred during the business collaboration linkage process.
CEO Hong said, "We will create synergy through technological collaboration between bright and young startups and LG Uplus, realizing customer satisfaction."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
