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KT announced that it will begin joint product and service development with 7 startups selected for the 'Biz Collaboration Program'.
The Biz Collaboration Program connects departments capable of joint business projects on a 1:1 basis from the idea proposal stage. Selected startups can receive support of up to 70 million won per company for research and development, patent applications, prototype manufacturing, and marketing and promotional expenses.
The final 7 startups selected are 'NPCore' for malware detection and blocking solutions, 'Kiworks' specializing in video processing, 'Seokcheon Information Communication' for IoT wired and wireless communication device solutions, 'GDS Consulting Group' for data analysis services, 'VirtualLive' for facial recognition solutions, 'Science Farm' for smart farm solutions, and 'Geo-IT' for health bike development.
A KT official demonstrates 'Virtual Live' utilizing facial recognition
Among these, 'VirtualLive' will develop new attractions utilizing facial recognition and showcase them at 'K-live', KT's dedicated hologram venue, contributing to the spread of Korean Wave content. Additionally, NPCore will participate in integrated security, and Science Farm will participate in the smart farm sector's new business ventures, respectively, and will launch joint products within the year after undergoing commercialization processes.
KT has implemented 'speed dating' where KT executives immediately decide on commercialization promotion when startups propose ideas and technologies on-site. Among them, 'PowerVoice', a speaker recognition solution developer, has pursued cooperative initiatives with startups, including launching KT authentication apps.
Go Yun-jeon, Senior Managing Director of KT's Future Business Development Division, said, "We are utilizing the Biz Collaboration Program as an opportunity to discover future new businesses and achieve mutual growth," and added, "Through continuous joint commercialization, we will present a leading model of open innovation."
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김자영 Reporter

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