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THE INVESTOR
September 18, 2019
Big Reunion

Startups & Investors

Startup CEOs pitch at DAEJEON 2019 forum

  • PUBLISHED :May 22, 2019 - 16:22
  • UPDATED :May 22, 2019 - 17:13
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DAEJEON--The competition among 24 startups continued to heat up on May 22, during the second session of the startup pitching event Investment Attraction Audition.

Three sessions of the audition are conducted at the global startup conference EXIT Daejeon 2019, which is being held from May 21-23. 

 

Startup pitching event Investment Attraction Audition
Son Ji-hyoung/The Investor



The top three winners will be chosen on the last day of the conference. The winners will be able to take part in the global startup event Slush 2019 Helsinki in November.

“Since we aim to go global, this sort of opportunity is very crucial for us,” said bio startup STUFP CEO Kim Wi, who pitched his company’s performance.

Another pitching event participant Fieldsolution CEO Kim Dae-chun also emphasized the importance of this audition event happening in Daejeon. “Most of the startup events only happen in Seoul. So, I think it is meaningful to have an event here,” he said.

The audition judges also noted that they were impressed by many of the domestic startups who pitched their ideas.

“I saw the pitching contest and companies there were really impressive. They spoke excellent English and had super-interesting technology to build their products,” Slush CEO Andreas Saari told The Investor.

Although the event was appreciated by many, some judges pointed out factors that EXIT 2019 and Korean startup participants can still improve on.

“In the future they will have to wrap up much faster, because you usually have only around three minutes to pitch your company, here you have 10-15 minutes which is quite a lot,” Anne Badan, founder of Shortcut -- a nonprofit startup builder, a sister organization of Slush, who participated in Investment Attraction Audition as one of the judge said.

Startup accelerator Power PT Executive Director Jonathan Moore also noted that some improvements can be made to the way startups present themselves.

“They need to talk about problems they are solving, their service, competitors and market. Most people in other countries know that they have to follow this pattern,” Moore said. “They do have good ideas but they could explain it better. It does not mean that their English language skills is a problem.”

By Song Seung-hyun (ssh@heraldcorp.com)

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