Amidst The Pandemic, Korea Ensures That The Grand Show Goes On!
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The organisers of KOMEUP 2020 have announced that they intend to organise a world festival of young shoots, which will take place on the 19th. November 3rd at the Seoul Government Complex. The month of November 2020 is just around the corner. The committee chaired by Minister Park Young-sun of the Ministry of Small and Medium Enterprises and Start-ups (SMEs), Sophie Kim, Chairman of the Organisational Committee of KOMEP 2020, Chairman of the Committee for Civil Organisation and CEO of Market Kurly, and Jung-hun Cha, Deputy Minister, Ministry of Small and Medium Enterprises and Start-ups, addressed those present and announced that KOMEP 2020 will be held from 19 to 21 November 2020. The month of November takes place online with the international media.
COMEUP 2020 Meeting the future – post-pandemic
The central theme (slogan) of COMAIP 2020 is the meeting with the future – after the pandemic. COMEUP 2020, which has been proclaimed Asia’s most famous start-up festival, will be published for the second time this year. Due to the constraints of the global epidemic of COVID-19, COMEUP 2020 will be kept online. All participating start-ups, investors, mentors, media representatives and stakeholders can virtually attend the event without leaving their homes.
Minister Park Young Soon, Department for Small and Medium Enterprises and Start-ups (SMEs).
In his speech to the media, Park Yangxoon, Minister of Small and Medium Enterprises and Start-ups, said last May, during the opening ceremony of the KOMEUP 2020 organizing committee, that we are trying to transform the KOMEUP event, which will take place in November, into a festival that will lead the global ecosystem of start-ups. After 12 scheduled meetings with the government-organized COMEUP organizing committee within 5 months after the launch, we are now ready to present the details of the COMEUP 2020 online plan.
The main conference of the event includes 12 sessions on the following topics: quarantine, teleworking, trade. Lectures and panel discussions by renowned speakers and pioneers in the field of global business creation will be broadcast live on the internet.
120 Boot-ups, speakers, online networks and other
Sophie Kim then presented in detail the programme and the selection procedure for the 120 COMEUP stars – the national and international starters selected for the event. A total of 114 people, including speakers and panellists who have led national start-ups in various fields since the beginning of the year, have committed themselves to participate in the 12 sessions of the main conference.
Sophie Kim explains the COMEUP 2020 plan.
The COMIP stars were awarded on 24 and 25 November after a month-long procedure for submitting worldwide nominations online. From July to 23rd. August. 1,076 young innovative companies from 89 countries applied for a 9:1 competitive price, and 120 companies were finally selected after a three-stage evaluation process. COMEUP Stars start-ups are supported free of charge in creating corporate advertising videos and online kiosks, as well as creating additional opportunities to promote themselves to global investors, online export investment advice and networking with senior juniors.
The main programme of KOMEUP 2020, start-up policies such as the Artificial Intelligence Championship, the K-Startup Grand Challenge and other events representing Korea will be organised together with KOMEUP 2020. Complementary activities will be carried out and prepared in cooperation with the main national business support institutions, consisting of on-line investment and export consultations, on-line consultations for secondary school pupils and other programmes providing practical help to develop COMEUP STARS (120 companies) into a global start-up.
The COMEIP 2020 Committee focuses on the media.
The online kiosks of COMEUP 2020 Nurijp will provide video and IR material for 120 COMEUP STARS and will support all online business processes so that investors can connect to the online kiosks, access IR videos and material, submit compliance requests and ensure real-time compliance and personal consultation between start-ups, investors and buyers.
Anyone who wants to work with the COMEUP programme can log on to the COMEUP 2020 Nurijip website www.kcomeup.com and register in advance. Pre-registered participants benefit from free benefits such as real-time network communication and business comparisons, as well as participation in various events.
Among the outstanding personalities expected at the event are Professor Kim Jun-Zeng of Duke University, co-founder and CTO of IONQ, and Professor Henry Chesbrough of UC Berkeley, known for his contributions to open innovation, as well as Chun Jong-yun, CEO of Seegene, manufacturer of the COVID-19 test and widely known as an exemplary K-Quarantaine company, and Kim Jinhong of Incheon Medical Center, Department of Infectious Diseases, who set the global standard with the road test, will participate in the K-Quarantaine sessions.
Towards a better world after the pandemic
The group dealt with questions from the international media present on the spot, as well as questions asked on the Internet. The Committee has explained why the Korean Start-up Ecosystem is an important event in terms of expansion to the world’s shores and how the Korean Start-up Ecosystem is a sustainable system capable of overcoming obstacles and achieving promising growth.
South Korea has a higher level of digital literacy than anywhere else in the world. Even my 75-year-old grandmother knows how to use e-commerce sites. That’s why Korea should be seen as a digital powerhouse, says Sophie Kim, who answers the question why Korea’s original ecosystem is more than just a bubble.
Jungkhun Cha, Deputy Minister of Small and Medium Enterprises and Start-ups, said that the goal of COMEUP 2020 is to present a thriving Korean ecosystem to a global audience and establish contacts. There are 13 unicorns in Korea, and we have witnessed the technological change of the 3rd and 4th Industrial Revolution. We are a leader with an excellent ICT infrastructure.
Park Youngsun, Minister for SMEs and start-ups, said that the COVID-19 crisis is changing the basis of our lives and the economic order, but that the new post-COVID-19 era ahead of us offers infinite opportunities for innovative start-ups to succeed.
It is my sincere hope that COMEUP 2020 will be a great festival where innovative young businesses and professionals from emerging ecosystems around the world will be able to communicate and interact, share and collaborate to create a new economic order and new business models in the post-COVID 19 era.
The COMEUP event, which is intended to become a worldwide seedling festival, goes back to a modest event called Venture Korea, which was held in 1997. The COMEUP brand was launched last year and has grown into a start-up festival representing the whole of Asia. While major international start-up events are cancelled (Spanish MWC) or shortened (Finnish MWC, German IFA) this year due to the proliferation of COVID-19, the Korean COMEUP event was planned from the start as a global online contactless start-up festival, based on the trust gained from the success of the K-Quarantaine model.
The COMEUP Organising Committee, composed of 22 launch system experts, actively discussed and decided on the major themes of the event, such as slogans, key topics and conference sessions, keynote speakers and panels, branding and other important issues.
However, with the resumption of COVID-19 distribution, the location was moved from the originally planned event space at the Dongdaemun Design Plaza (DDP) to the new location, the ENM production centre in Ilsan CJ, as this provides optimal conditions for the creation of video content so that the event can be hosted online.
In 2019 COMEUP was established from the 27th to the 29th. November in Seoul under the motto Meeting the Future. He had several programs during the three days of the program. More than 2,700 visitors, 4,000 companies and more than 500 investors from 58 countries attended the event.
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