Since 2014, Invest Seoul has been holding ‘A Big Think (Business Model Audition)’ every year so that foreign pre-entrepreneurs can sprout the seeds of a business with only excellent technology-based ideas.
This year celebrates the 10th A Big Think competition.
‘A Big Think 2022’ started with the recruitment of participants on August 10th. After the document review by 7 experts from startup support-related agencies, 10 teams were selected by criteria such as business validity, feasibility and creativity of the idea. And those teams went to the final round to give a presentation on their technology-based ideas.
The final round was held at the grandball room of the Mondrian Hotel in Itaewon, Seoul on October 6, and the event was heated with passionate presentations from participants.
At the highlight of the competition, a total of 5 teams were honoured with awards, including 1 team for 1st place, 2 teams for 2nd and 3rd place each, at the awards ceremony. Among them, the Castomize team, which won the final 1st place with a medical device idea using 4D printing technology, even received an Innovation award.
The winners of the 5 teams who were recognized for their excellent business items will be certified with 25 points out of 80 points of the technology startup visa(D-8-4), which is required for foreigners who wish to start a tech-based business in Korea. Furthermore, they will get 1:1 business consulting from experts by fields. We look forward to hearing good news from the winners who will start their business journey in Seoul with brilliant ideas.
Invest Seoul hopes that ‘A Big Think’ will become a gateway of start-ups for foreigners who have distinguished technology and ideas but have difficulties in commercialization, and also to settle down stably in Korea and continue successful business using this as a spring board.