Let’s support the heroes who will light up the future! LOTTE Ventures ‘L-IGHT UP Day’

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손 요한 Posted On 2023/12/18

LOTTE Ventures ‘L-IGHT UP Day’ on site ⓒPlatum

“The population is shrinking, the aging population is getting older, the climate crisis and pollution are troubling us, and the economy is struggling. In fact, these problems are of our own making.
Einstein said. “It is insane to live as we did yesterday and expect a better future.” That’s one of the things I’ve realised in my three years as head of Lotte Ventures. The solution to the bleak future ahead of us starts with not doing what we’ve been doing.
The startups on stage today are the protagonists of the challenge to erase the bleak future. They are the heroes of a new era that will brighten our future. Let’s welcome and encourage them!
– Youngmin Jeon, CEO of Lotte Ventures-

L-IGHT UP DAY(롯데벤처스 ‘라이트업데이), a demo day that brought together the 11th Seoul and 5th Busan batches of Lotte Ventures’ startup incubation programme, L-CAMP, and the 3rd batch of Food Changers, was held on the 7th at the Sky 31 Convention on the 31st floor of Lotte World Tower.

L-IGHT UP DAY is an opportunity to showcase startups that light up the world with innovative technologies, and 15 companies that were selected in May and have grown through initial investment and acceleration by Lotte Ventures participated.

LOTTE Ventures ‘L-IGHT UP Day’ on site ⓒPlatum

On the day, startups from various fields took the podium to present their business models and achievements, and exhibition booths were set up in the lounge area to introduce their business models and visions to attendees.

The 15 companies taking part in this Demo Day are startups selected on a 35:1 basis. DolbomDream, Timwork, Toonimotion, RISE ENM, Reborn Goods, TRUE GOLF, WAME and SOUNDPLATFORM, Cinnamon Company, Bueno Company and JK Tech from the 11th Seoul and 5th Busan batches of L-CAMP, and Dosigotgan, Smart ARK, Age@Labs and BLOCALLY Company from the 3rd batch of Food Changers.

Participants were able to sign up for a 1:1 meeting with any of the participating startups in the exhibition/IR pitch, and were able to have a conversation in a separate meeting room.

At the end of the Demo Day, the audience voted for the winners. The top pitch with the most votes went to Age@Labs. Age@Labs, which operates PURIKA MUCIN, a brand focused on inner beauty, is the first startup in the world to standardise mucin, a moisturising and regenerating ingredient in snail mucus.

The companies’ pitches were followed by a networking event where companies, investors and related organisations were able to interact freely. The event took the form of a private party attended by venture capitalists (VCs) and senior members of L-CAMP and The Food Changers to discuss business and investment.

LOTTE Ventures ‘L-IGHT UP Day’ on site ⓒPlatum

Youngmin Jeon, CEO of Lotte Ventures, is giving a welcome speech.

Jung Hwan Kim, CEO of RISE ENM/ RISE ENM is a company that provides TurnUp, a multi-channel AD SaaS (Software as a Service) solution based on computer vision technology. TurnUp is a product search AI service that finds and connects product information such as fashion, digital and furniture from various content such as YouTube, Instagram and Netflix. If you find a product you are interested in while watching a drama or entertainment, you can search and buy it with a single click.

Won-kyung Lee, CEO of Reborn Goods / Reborn Goods is a company that develops, markets and directly distributes a range of solutions for the nth reuse of secondary goods such as returns, inventory, used goods and exhibits instead of throwing them away.

Wook-Chang Jung, CEO of Timwork / Con-tech company Timwork is the developer of TIMVIEW, an intelligent drawing integration and management SaaS (Software as a Service) solution to improve the construction workplace. TIMVIEW makes it easy to see changes and interferences in drawings that are modified during work on a part-by-part basis. It provides various features that take into account the construction environment, such as drawing scale and location-based notes. In recognition of its technology, it has been piloted at Lotte E&C.

Ji-hoon Kim, CEO of DolbomDream / DolbomDream is a mental healthcare startup that develops products and services to address negative emotions such as tension, nervousness, anxiety, and fear. DolbomDream’s ‘HUGgy’ is an inflatable vest that provides a sense of security by giving the feeling of being hugged and has been well received in the market.

Jeong-seok Lee, CEO of Age@Labs / Age@Labs is a company that develops inner beauty products and health foods using ‘mucin’, a cell regenerating component of snail mucus. PURIKA MUCIN is an inner beauty brand created by startup Age@Labs, which has patented technology to purify and extract mucin. Age@Labs’ patented raw material ‘Small Molecule Patented Mucin’ has been registered in a SCI class journal in addition to preclinical studies and has been confirmed to be beneficial by deriving six benefit assessment results, including a 10% increase in skin dermis density.

Five startups on stage for Q&A in part 1

ⓒPlatum

ⓒPlatum

Kyu-Seok Cho, CEO of Toonimotion / Toonimotion is a content company that produces short-form animations of popular unfilmed webtoon IPs and makes them available to OTT platforms. So far, it has released a series of short-form animations of around 4 minutes, including <Becoming the Monarch:말단 병사에서 군주까지>, <The Eye level of You and I:너와나의 눈높이>, <Don’t touch me : 달달한 그녀>, <Nive:니브> and <Journey to Nirvana : 화화원행기>, and has received positive feedback. In the second half of the year, the company is producing five works, including <They Say I Was Born a King’s Daughter: 마왕의 딸로 태어났습니다>, and promote the overseas export of animation produced by Toonimotion to spread the global Hallyu (Korean Wave) culture.

Eunh-ho Lee, CEO of WAME / Eunh-ho Lee, CEO of WAME / WAME is creating an infrastructure that allows qualified Web3 participants to seamlessly join the ecosystem. It allows users to exchange decentralised personal information with projects to be rewarded in a valuable and secure way.

Tae-keun Park, CEO of TRUE GOLF / TRUE GOLF has launched the world’s first non-destructive golf club inspection and 14 true levelling systems and has completed a patent application. The company operates a platform that provides technical and quantitative services by implementing a verification and warranty system through this technology. Based on TRUE GOLF’s big data of clubs, various tests are performed to determine the authenticity of the clubs, and only the clubs that are determined to be authentic are subjected to a non-destructive inspection based on the X-ray system to determine the final grade.

Sun-hee Lee, CEO of Bueno Company / Bueno Company’s supermarket-linked mobile platform, Groket, is a portal for finding hard-to-find discounts at local supermarkets and provides new promotional and sales channels for store owners to increase sales. It also provides discount information on supermarkets and convenience stores, and notifies customers of supermarket closures to make shopping easier.

Yohan Min, CEO of Dosigotgan/ Dosigotgan is an agri-food startup that operates an offline-based premium side dish shop. The store offers more than 250 chef-made side dishes as well as local traditional liquor and agricultural products. Through a strategic MD targeting 3040 housewives, it is a franchise with 1.3 million members visiting annually. In addition to side dishes and local products, it has continuously launched PB products since 21 and is expanding into various areas such as home shopping, hypermarkets and online platforms.