KUBS Startup Institute Holds “CHOO CHOO DAY”
“CHOO CHOO DAY” helps business to be successfully stabilized through practical investment network.
On May 18 (Thu) from 4:00 p.m. to 7:00 p.m., “The 2017 CHOO CHOO DAY” was held at the second floor of KUBS Main Building. The event was hosted by Korea University Business School (Dean=Professor Soo Young Kwon) and supervised by the KUBS Startup Institute. CHOO CHOO DAY is a demo day of the KUBS Startup Station, which is a startup incubation platform, and also is the last event of a six-month startup incubation program.
The event was filled with enthusiasm of 150 participants including prospective entrepreneurs, venture capitalists, accelerators, and angel investors. The participating startup teams who joined the CHOO CHOO DAY are as follows: ① REDROCKET (crowdfunding service for college students), ② TRANDIST (market place using celebrity), ③ Kidop (customized 1 to 1 home visiting education service for children, ④ Taling (P2P talent sharing online platform), ⑤ VLOGR (video editing service), ⑥ Artridge (exporting Korean emoticons), and ⑦ CANVAS (3D printing/production/sales platform for jewelry designers. The seven startup teams had the opportunity to present their products and services for ten minutes each at the open IR (Invest Relations) session and information booths.
The startup teams at the KUBS Startup Institute were selected through a startup competition called “The 2016 Startup Express.” Prior to the competition, only ten percent of applicant teams passed the application screening process and interview. Each team was granted a budget for operation expenses of 1,000,000 won. They also received an office space, available on the second floor of the Iljin Center for Startup Incubation, networks, and advertising & marketing services for free. The companies that signed an MOU with KUBS, such as △Kim & Chang (law firm), △PwC (accounting firm), △Amazon Web Service, and △Y Crowdfunding, providedpractical business support as well. Over the past six months, venture capitalists and angel investors reviewed the overall business performance by conducting five times of mentoring sessions and mid-term appraisals.
