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S. Korea to boost investment in college startups

2019-03-24 11 Dailymotion

The South Korean government is now funding new startups... created by college or graduate students.<br />These new businesses have developed a number of new technologies... ranging from 3D-printed food to mobile therapy apps.<br />Cho Sung-min reports. <br />What you are now seeing is the 3D printing process of cookie dough.<br />After baking the printed dough in the oven for ten minutes, you get colorful cookies, just how the designers intended.<br />Developers of the food printer say... it can manipulate and design the shape, size, texture, and filling inside the cookies as well.<br /><br />It was developed last year by five graduate students from Korea University,... and now they've taken the food printer out of the laboratory to test it out on the open market.<br />So far, they have received nothing but rave reviews from both investors and the public. <br /><br /><br />"Our priority in the lab was to deliver results and develop the technology we wanted through various testings. Nowadays, we are focused on introducing the technology in a more consumer-oriented way." <br /><br />A group of art therapists recently came together and developed a mobile app, which connects users and therapists to arrange individual therapy sessions.<br />Therapists can use the app to analyze users' mental state by the images they have drawn,... which pop up on the screens of smartphones and tablets.<br /><br />What the two startups have in common is that they were created by students... and are both funded by the South Korean government.<br />The Ministry of Science and ICT said it is currently supporting seventy-five young startups... run by those who are either currently students or fresh out of college and graduate school.<br />The businesses were selected by the ministry... after a thorough review at startup exhibitions. <br /><br /><br />"We will do our best to provide financial support and R&D funding to young entreprenuers and startups, so that they can grow into world-leading firms in the future." <br /><br />The ministry announced plans to boost investment for young startups while stressing... that government-funded businesses will serve as new growth engines and alleviate South Korea's unemployment issue.<br />Cho Sung-min, Arirang News. <br /><br />

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