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Biz News Korea(Eng)
BANF, Simple Planet awarded at World Korean Business Convention startup event
- Collected
- 2023.10.16
- Distributed
- 2023.10.17
- Source
- Go Direct
![[Courtesy of Simple Planet]](https://pulsenews.co.kr///file.mk.co.kr/meet/neds/2023/10/image_readtop_2023_789758_16974258025664287.jpg)
이미지 확대[Courtesy of Simple Planet]
Startup Pitch Competition was organized with the aim of providing fundraising opportunities for promising startups and creating a foundation for their expansion into the U.S. market.
Over 320 companies signed up for the competition in September, just two weeks after registration opened on the K Global 500 platform, a matching platform for Korean startups with global opportunities.
A total of 18 companies advanced to the finals, competing in online and offline categories. The winners in each group received a grand prize of $15,000 and the runners-up were awarded a prize of $5,000 each.
BANF, which won the offline category, is a developer of a safety solution that reduces the risk of accidents in autonomous trucks by attaching sensors to the inner surface of tires.
“Once we succeed in developing a wheel alignment verification system, we will become the world’s first company to possess this kind of technology,” said Yoo Seong-han, chief executive officer of BANF.
Simple Planet owns the technology to mass-cultivate cells to produce food ingredients in a powder form.
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]