Tuesday, February 21, 2017

Amore Pacific - Future Play 'Tech-up plus starts



[Korea's financial standing hyomun newspaper reporter] Amore Pacific and Future Play is said that 21 days to complete the five companies selected to participate in the start-up 'Amore Pacific Tech-up plus, start the Accelerator program ratings.

"Amore Pacific Tech-Up Plus is a beauty, health care start-up co-founded proceed with the process of Amore Pacific and Future play. In Korea, the bar received a lot of attention from the initial recruitment as a joint solution selling model rating of large companies and start-up ventures that first attempt.

Amore Pacific Beauty participate in tech start-ups, plus up configuration was captured five with global capabilities and advanced technology. The selected companies and business areas are as follows: △ △ IoT devices perfume recommendation service △ antimicrobial coating technology start-up △ △ AR simulation solutions have a variety of skills and competencies, such as machine learning-based analysis software was selected. A team of international start-up is only comprised of Singaporeans.

This provides a variety of benefits, including Amore Pacific Tech-up, plus a selection △ start-up, the initial investment of 50 million won per team in office space △ △ △ business development mentoring programs △ △ invention and patent development support.

After the accelerated program rating of 24 weeks of domestic and foreign investors have the opportunity to pitch projects through the Demo Day. Have passed the graduation examination team is also able to receive additional investment from Amore Pacific.

Amore Pacific Tech Plus up despite recruiting only a limited start-up of the field of beauty and health care, while applying a total of 110 teams showed a high competition rate of 22: 1. To summarize our business model, technical support of the team as follows: If such a business model is the most common beauty and health care devices, technology accounted for the largest proportion, such as image processing, data mining and data processing technologies.

Ryujunghui Future Play representatives, "the Beauty Tech start-up to run a beauty business based on technology meantime difficult explore the domestic market," said "dig a lot of initial start-up hiding in collaboration combines the advantages of a large and accelerator and various sectors the selection was good company, "he says.

Lee, Young - Jin Amore Pacific NGI Div managing director, was able to confirm the high interest of the start-up of the Beauty Tech was able to dig the excellent start-up through a collaboration with Future Play "and" Beauty through Exceler rating course of 6 months the company is expected to lead the tech foster hope, he said

The Future Play is expected to operate with a variety of large and medium-sized enterprises and start-up company co-founded a cooperative process of 'Tech-up plus, will be reported as up-Tech launched a new program plus two year degree.





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