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  • KITA Sent Startup Delegation to Dubai and Abu Dhabi
    2020-03-02 hit 1650

                              KITA Sent Startup Delegation to Dubai and Abu Dhabi

    -     10 startups in AI, healthcare, K-Wave content, etc. held one-on-one consultations with 70 local companies -

     

    While most exhibitions and consultation events at home and abroad have been cancelled due to the spread of COVID-19, the Korea International Trade Association is taking the lead in making inroads into the Middle East market for Korean startups.

     

    The Korea International Trade Association (Chairman: Kim Young-ju) dispatched the Korea-UAE Startup Export and Investment Attraction Delegation to Dubai and Abu Dhabi in the United Arab Emirates (UAE) for five days from February 24th in cooperation with Gangnam District Office (Head: Jung Soon-kyun) .

     

    Ten startups in various fields such as artificial intelligence (AI), healthcare, smart city, K-wave content, including five startups based in Gangnam District such as Bitsensing (autonomous driving), the CES 2020 innovation award winner last January, N.THING (smart farm), and lululab (beauty) participated in the delegation.

     

    On 25th and 26th, the delegation visited the Dubai Future Foundation and Dubai Airport Free Zone, directly operated by the Crown Prince, and conducted one-on-one consultations with some 50 local leading investors and buyers.

     

    DC Medical introduced medical technologies that measure the possibility of preterm birth of pregnant women at the Innovation Week event hosted by the Dubai Future Foundation, and discussed with the Dubai Health Authority and local hospitals the ways to take part in demonstration projects that are conducted before commercialization of technologies. CRESCOM's AI-based automated medical image analysis solution, Bitsensing and Alt-A's smart city solution, lululab, Xinapse, Jam and Dilly Dilly's AI-integrated Korean Wave content also received great attention from local hospitals as well as shopping malls.

     

    On 27th, they moved to Abu Dhabi and met with 20 local support organizations and investors, including the Abu Dhabi Chamber of Commerce and Industry and the Abu Dhabi Investment Authority. Through the meeting, Bitsensing and CRESCOM signed a letter of intent for investment with UD Development Investment, a royal fund of Abu Dhabi. 

     

    Lee Dong-gi, head of Innovation and Startup Group of the Korea International Trade Association, said, “In preparation for the post-oil era, the UAE is exploring and executing innovation tasks in cooperation with the National Police Agency, the National Health Service, and the Immigration Bureau.” He also stated, Since they have keen interested in AI, healthcare, blockchain, and smart city in particular, there is a great room for Korean startups to expand.

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