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LOTTE Ventures Selects 12 Promising Startups for L-CAMP 12th Batch, Busan 6th Batch, and Future Food 4th Batch
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Summarized by durumis AI
- LOTTE Ventures has selected 12 promising startups in various fields including content, healthcare, environment, mobility, and manufacturing as of May 30, 2024.
- A total of KRW 3 billion in investment and support worth KRW 12 million will be provided to 12 companies, including 9 companies from L-CAMP 12th batch and Busan 6th batch, and 3 companies from Future Food 4th batch.
- The selected startups participated in the orientation and workshop at Lotte Human Resources Development Institute Osan Campus from May 7th to 8th. They will receive continuous support for growth through investment consideration of up to KRW 3 billion and Demo Day.
12 promising innovative startups selected
Startups from various fields such as content, healthcare, environment, mobility, and manufacturing were selected.
Total investment of approximately 3 billion won, support worth 12 million won
Companies that will participate in L-CAMP (Elcamp), Lotte Ventures' representative acceleration program, and the Foodtech Open Innovation Program "Miraesikdan" (Miraesik:dan, The Food Changers) have been selected. The number of selected companies is 9 for L-CAMP 12th and Busan 6th, and 3 for Miraesikdan 4th, totaling 12 companies.
The companies selected for the L-CAMP 12th and Busan 6th, having passed a 40:1 competition, are △The Dash (a service that connects farmers and agricultural service providers and supports integrated management of farm work) △Dunb (functional adsorption material research and manufacturing used in the purification of solvents or oils) △Dear Monday (B2B premium workation service) △Rumer (reservation site and data automation SaaS created in 5 minutes without coding) △Viewridge Corporation (global digital marketing and export enhancement data solutions) △SpaceVisionAI (development of a platform that establishes real-time integrated marketing strategies through offline customer interest analysis-quantification based on computer vision) △Aaron (B2B SaaS solution for managing electric vehicle charging systems) △A2Ours (development of the world's only water-cut spray technology) △Aisa Hub (SaaS service that automates work through artificial intelligence).
Following, the Foodtech Open Innovation Program "Miraesikdan" 4th recorded a 36:1 competition ratio, and the selected companies are △Agricultural Corporation Lab to Bottle (advanced technology-based brewing process and product development) △Reharvest (production of food ingredients through food waste upcycling) △Biocom (care food business that improves health imbalances).
Lotte Ventures' acceleration program assigns investment reviewers as dedicated managers to provide close support for the necessary aspects of business growth and connects startups with Lotte Group affiliates to foster various collaborations and practical business linkages.
"Miraesikdan" is a Foodtech Open Innovation Program co-hosted by domestic public institutions, Lotte Group's food affiliates, and distribution affiliates, with the Korea Agro-Fisheries & Food Trade Corporation, Lotte Central Research Institute, Lotte Wellfood, and Lotte Chilsung Beverage participating together to provide specialized support for the PoC (Proof of Concept, verifying the feasibility of technology or project) of Foodtech startups.
The 12 promising startups selected for L-CAMP 12th and Busan 6th, and "Miraesikdan" 4th participated in a joint workshop, including an orientation, for 2 days and 1 night from May 7th to 8th at the Lotte Human Resources Development Institute Osan Campus located in Gyeonggi-do. The workshop was also attended by cooperative companies such as Lotte Ventures' CEO Youngmin Jeon, dedicated reviewers, the Korea Agro-Fisheries & Food Trade Corporation and Lotte Central Research Institute who are co-hosting the "Miraesikdan" program, and ACN&DC, the operating accelerator. CEO Youngmin Jeon delivered a leadership lecture on organizational growth during the workshop and encouraged and welcomed the startups, expressing his hope for mutual growth through cooperation with promising startups.
After the completion of the L-CAMP and "Miraesikdan" acceleration programs, investments of up to 300 million won per company will be reviewed for the selected companies. In addition, a final demo day will be held to present the achievements of each company and provide opportunities for follow-up investment to continuously support the growth of startups.
Lotte Ventures: http://www.lotteventures.com/
Website: http://ac-dc.kr
Contact
ACN&DC
Muenayna Manager
02-6949-2898
