40 startups such as Go Pizza and Senstone were selected as the final baby unicorn.
The Ministry of SMEs and Startups announced on the 25th that a total of 40 companies were selected as the final baby unicorn by conducting a final evaluation of the'Baby Unicorn 200 Promotion Project' on the 19th of this month. Unicorn is an unlisted company with a corporate value of more than 1 trillion won, reserve unicorns are companies with a corporate value of 100 billion to 1 trillion won, and Baby Unicorn is a company with a corporate value of less than 100 billion won.
The'Baby Unicorn 200 Fostering Project' is the first of the K-unicorn projects to realize the four major venture powers. The final selected company can receive support for up to 15.9 billion won (special guarantee 5 billion won, policy fund (financing) 10 billion won, R&D fund 600 million won), including 300 million won for market development fund.
A total of 254 companies applied for the Baby Unicorn 200 promotion project, and the final 40 companies were selected with a competition rate of 6.3:1 through requirements review, the first technology evaluation, the second written evaluation, and the final presentation evaluation. The final presentation evaluation was jointly evaluated by the professional review team and the national review team.
As a result of analyzing the final selected companies, the average work force was 3.4 years, the average sales amount was 3.37 billion won, and the average number of employees was 24. There were many very excellent companies, accounting for 40% (16) of A grade or higher in the technology and business feasibility evaluation of the Korea Technology Guarantee Fund. The average investment attraction amount was 4.8 billion won. By industry, companies in the ICT, Data, Network, AI-based platform and general manufacturing and service sectors (35.0%, 14 respectively) were selected at the same rate. 12 companies (20.4%) were selected as bio-health companies. Fresh Fruit Curd
A number of non-face-to-face startups (70.0%, 28), which are in the spotlight in the COVID-19 phase, were also selected. Senstone's main items, which achieved the highest grades in the final evaluation, were the creation and verification of one-time authentication codes used for user authentication codes and payment numbers. It is a module product. In the final evaluation, Senstone received a review from the expert evaluation team, saying, "Technological superiority is outstanding, and if device-specific customization to expand into payment solutions is performed, it will be greatly successful."
Hisense Bio, which was finally selected among the eight companies that applied through the national recommendation system, is a company that develops a treatment for tooth hypersensitivity (Sirini), dental caries, and periodontal disease. In the final evaluation, it was evaluated by the expert evaluation team, "It has excellent technology and is expected to lead to a drastic market change if the clinical trial is successful." Korean Dabang Coffee
Jung-Hoon Cha, head of the Startup Venture Innovation Office of the Mid-term Ministry, said, "We plan to support selected baby unicorns together with the public to grow into spare unicorns and unicorns, and we will continue to promote the growth process of baby unicorns so that the public can support them."