Korean startups are exploring global expansion, with the Middle East as a promising market for innovative services and products. The Korea SMEs & Startups Agency (KOSME), in collaboration with beSUCCESS Media Group, is hosting a showcase for Korean startup founders in Saudi Arabia from October 19 to 21. This event offers global investors, venture capitalists, and entrepreneurs an opportunity to connect with talented startup founders and explore investment prospects.
(Registration Details at the end of the Article. Please utilize the provided form, and note that seats are limited, with confirmation required for attendance.)
Investment Prospects in Korean Startups
The KOSME-beSUCCESS Showcase in Saudi Arabia will introduce diverse startups with groundbreaking solutions poised to disrupt industries and redefine market standards. This event is a part of KOSME K-Unicorn Academy Program, aimed at empowering young Korean entrepreneurs by providing resources and avenues for global growth. Ten startup founders from fifty pioneering companies will present their unique products and services to investors in Saudi Arabia.
The offline program is also being held in the USA from September 19 to 21 in Silicon Valley and Singapore from October 11 to 13. All participating startups have undergone online mentoring sessions with experts from the USA, Singapore, and the Middle East, focusing on global expansion and untapped market potential.
The Saudi Arabia Showcase presents a unique opportunity for investors, venture capitalists, accelerators, and corporate strategists to expand their networks and discover promising opportunities. It brings together the brightest minds in the startup ecosystem, providing a platform for idea exchange, synergy exploration, and potential partnerships that could reshape industries.
KOSME is dedicated to nurturing the growth of small and medium-sized enterprises (SMEs) in Korea. Through various financial and non-financial initiatives, KOSME empowers startups and SMEs to expand their reach, diversify their portfolios, and enhance global competitiveness. By participating in the Showcase, you align yourself with an agency actively shaping the future of entrepreneurship.
beSUCCESS Media Group, headquartered in Seoul, has a formidable reputation for co-hosting and facilitating international startup-investor network events. Notable programs like TIPX beSUCCESS Korean Startup Showcase Silicon Valley have attracted global investors to invest in Korean startups. beSUCCESS has co-organized events with TechnNode, a Pan-Asia tech platform, Yonsei University, Asan Foundation, etc.
Startups participating in various beSUCCESS events have achieved remarkable investment success, with alums securing millions in funding from global investors. Alums of previous showcase programs facilitated by beSUCCESS, such as ed-tech startup Riiid, which has raised $250 million; AI startup Nota, which raised $23 million in funding from global investors; and 4D imaging radar solution startup bitsensing, which has raised a total of $21 million in funding since its inception.
Networking and Partnership Opportunities
The Saudi Arabia program includes roundtables with Saudi Arabian founders and mentoring and networking rounds. This landmark event provides an unparalleled networking opportunity to witness ten startups pitch their distinctive products and services to discerning investors. Save the date for the Showcase in Saudi Arabia from October 19 to 21, 2023. Seats are limited, so confirmation is required to attend.
Take advantage of this chance to be a part of Korean startups’ global expansion plans, where your next substantial investment opportunity might be just a pitch away.
Unveiling the Startups:
|Company Name||Equity Capital Raised(USD) so far||Current Investor Lists||Short Description||Traction|
|BioHealthCore Inc||2019||N/A||N/A||Hyo Taek Lee||CEO|
We provide 'SounsBody'! Digital Healthcare ICT Device(Ski Simulator, Grip Strength Device)
|Shukran Korea Inc.||2022||N/A||N/A||Seung Kim||CEO|
The solution provides the Halal/Allergic safeness index of Korean Cosmetics and Food for consumers. With the solution, consumers will be able to check and learn about the product including Halal Conformity
|A-Life Corp.||2017||300,000||Sangjin Kang||CEO|
We manufacture plant-based meat products with better taste and texture.
|A Virtual||2020||200,000||CCEI||Dylan Kim||CEO|
We kill airborne viruses with 4G Nano technology. We have been validated in the UAE market already, and going for global market for Water purification and Renewable energy efficiency with future 5G Nano technology.
|Intellectus Corporation||2020||900,000||Andy Kim||CEO|
We develop and supply data fabric-based customized AI solutions specialized in the smart factory, smart city, and digital twin industries.Our flagship product, 'Knowledge to Act,' solves data silos that make it possible to utilize data owned by companies.
|We've successfully obtained several projects in the industry of smart factory (digital twins), autonomous driving, and meteorology based on data fabric that obtained revenue of 5.1M USD for the next five years. It is obvious that the need for smart city and digital twins in the Middle East region maximize their profits by efficiently managing and processing data. Also, we are expanding our market to the South East Asian region, where we've got a contract s with a local company providing meteorological devices to the government in Thailand and Malaysia.|
|NEXTON Co., Ltd||2017||16M||KB Translink SETI|
Mint Global Small & Medium Venture
Business Corporation E-best ABC Capital
|Jae-bin Choi||CEO, Founder||Nexton pioneers ICT and AI-based precision agriculture, featuring a meticulously crafted plant infrastructure and diverse crop cultivation know-how including world-class strawberry. Nexton is differentiated from other industry participants by ; 1. Mass-producing, proven indoor vertical farming technology and unlimited production spatial use: Okcheon Tunnel, Nambu Metro underground subway station, Taebak Warehouse-typed Strawberry Production Facility, 2. Innovative Urban Lifestyle Farm Complex and Contents derived from own cultivated strawberries (Berrytale and Madberry, upcoming in September), to embrace circulating value chains from production to consumption plus tourism attractions within one building, 3. Implementing world-class low-temperature strawberry and diverse crop cultivation expertise, 4. Intensive phytochemical research aiming to extract and amplified bioactive components and commercialize them into diet, skin whitening, eye-health products and more,|| - MoU-Saudi MISA(Ministry of Investment Saudi Arabia) - MoU-PMI KSA(Project Management Institute) - NEXTON ASIA JV(Urban Strawberry Indoor Farm) - Myeongdong Strawberry Urban Lifestyle Farm Contents & Complex Opening - Taebak Strawberry Factory Completion(3,000 sqm) - USD 40M amount of Export Contract to Kuwait |
 - MOA to JV, NEXTON MENA
 - Seoul Metro Nambu Terminal Subway Station Underground Farm(1,400sqm)  - Okcheon Tunnel Farm(7,000 sqm)
|Sangsu Jung||CEO||VEStellaLab Inc. innovates smart city and autonomous vehicle industries with advanced technology to solve the problem in GPS-shaded areas. We proactively presented AI Smart Parking Navigation System 'Watchmile' and Unmanned Valet Parking Solution 'ZeroCruising' for the present and the future of mobility.||Key Performances] |
1. Reference: more than 100 sites including Incheon International Airport, Lotte Department Store Jamsil (hotel, theme park, mart), KINTEX (convention center), Seoul Station Parking Lot, Ansan Grand City Xi (mega-sized apartments), Anyang SKV1 (office building), Seoul/Ansan/Anyang/Ulju Public Parking Lots, and etc.
2. Use Case: Airport, Shopping Center, Theme Park, Apartment, Private Building, Private & Public Parking Lot, Parking Tower, Indoor/Outdoor Parking Lot, etc.
|Tweennano Co., LTD||2021||528K||CNT TECH|
|Jae Hoon Na||CEO||Smart farms are intelligent farms that can remotely or automatically maintain and manage the growing environment of crops and livestock by incorporating IoT, big data, AI, automated systems, and robot technologies into facility horticulture (vinyl, glass greenhouses), livestock, etc. The number of livestock breeding continues to increase due to increased consumption of livestock products, but it has emerged as a social problem due to various complaints caused by the smell from livestock manure. Company developed nano heating film, odour reducing equipment for smart farm.Adjust the amount of power consumed by varying the resistance by contracting and expanding as the film temperature changes.||Nano Heating Film Global Market Sales Forecast in 2023 : $1.5 million Nano Heating Film Global Market Sales Forecast in 2027 : $5.0 million Number of overseas customers by 2023 : 7 Target number of overseas customers by 2027 : 30|
|ZeroOne AI Inc.||2019||25K||Next Canada||Junho Song||CEO||We innovate the risk prediction of drug compatibility, pancreatic surgery and kidney surgery with Generative AI for Clinical Decision Making. Hybrid cloud-based AI platform covers from distributed big data to LLM(Large Language Model) operation for Hospitals and Bio-Medical Research Centers.||Hospital and medical research centers : 20 |
MD, AI developers and graduate student : 200
Korea MFDS (KFDA) Medical Device Registration and Approval : 1 AI SW in progress, 8 AI SW we aim for within 5 years
|Tacticalist Co., LTD||2019||500K||CNT TECH |
|Luke Changhoon Lee||CEO||At Outstandards, we conceptualize and create unique, innovative products like no others in the world. Our products are mission-generated, designed and forged through practical experiences during service to our country in some of the world’s most difficult and challenging environments. Our products are tough and are designed for everyday tactical and practical use. If you love the great outdoors like we do – exploring, hiking, camping, hunting, or preparing for your next mission – our gear is made for you. Our products are built for all of us, for our collective missions. Because at Outstandards, your fight is our fight.||- 35 Different Sales channel, including USA, CANADA, MEXICO, Germany, Austria, Swiss, Chez, Australia and Kuwait - Revenue 1.5 Mil USD|
Highlighting the event’s core, a select group of 10 startups will take the stage to pitch their distinctive products and services to an audience of discerning investors.
Registering for the Event:
To register for the KOSME-beSUCCESS Showcase, please use this form here. Seats are limited, and confirmation is required to attend.
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