ITCEN Group said on the 12th that it invested 200 million won in a promising startup.
ITCEN Group announced its investment plan at the joint open innovation program "2025 Unicorn Bridge with ITCEN performance sharing session," carried out with the Gyeonggi Center for Creative Economy and Innovation.
Through the program, which selects corporations for strategic investment and technology verification to support startup growth and then executes investments, ITCEN Group made an advance investment totaling 200 million won in the corporations selected for strategic investment. For the corporations selected for technology verification, the Gyeonggi Innovation Center and ITCEN conducted proof of concept (PoC) based on support funds totaling 70 million won.
On Apr. 4, a total of 305 companies applied to participate in the program for about two months, and after a four-month evaluation process, seven companies were finally selected, beating fierce competition of about 43 to 1.
For strategic investment: ▲ Hamada Labs ▲ Banya AI, two companies; for technology verification: ▲ Banya AI ▲ Quantit ▲ Scripters ▲ Public AI ▲ Banbi, five companies, were listed.