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SEOUL, Sept. 6 (Yonhap) — South Korea’s largest world startup pageant COMEUP has chosen 70 startup finalists to take part on this 12 months’s gathering to be held in Seoul in November, its organizer mentioned Tuesday.
The Korea Startup Discussion board mentioned it has chosen 30 up-and-coming firms with sturdy progress potential to affix the Rookie League program and 40 startups heading towards unicorn standing to take part within the Rocket League program of COMEUP 2022.
A unicorn refers to an unlisted startup with a valuation of greater than US$1 billion.
The three-day pageant is slated to be held at Seoul’s Dongdaemun Design Plaza from November 9. A complete of 881 firms from 38 international locations utilized to take part on this 12 months’s exhibition.
By sector, software program associated startups accounted for 33 % of chosen corporations, adopted by healthcare and biotechnology with 13 %.
Thus far, the cumulative funding attracted by taking part firms stood at 523.7 billion gained (US$384 million), with the typical per startup at 7.5 billion gained.
A complete of 17 startups which have every attracted over 10 billion gained in funding embrace H2O Hospitality, Galaxy Company, Airs Medical, Kodebox, Deeping Supply, Dr. Diary, Teamsparta and XYZ, the discussion board mentioned.
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