The runners up were Finnos, SSenStone, Archidraw and Woo-a Media

An interactive artificial intelligence company, Money Brain won the grand prize at the K-Global Startup Competition hosted by the National IT Industry Promotion Agency (NIPA) of the Ministry of Science and ICT on their artificial intelligence chat-bot solution.

Money Brain won the prize of US$1 million from the Minister of Science and ICT, and acquired automatic entry for the overseas advancement program in the Silicon Valley.

The “K-Global Startup Competition” is an Information and Communication Technology (ICT) training program that supports startups for commercialisation and overseas advancement by finding innovative startups in the sector.

Also Read: Meet the 30 startups participating in the Unilever Foundry programme

For the past seven years, 221 startups were founded; including startups currently leading the domestic and overseas markets. Also, they have laid the foundations for 112 teams and attracted US$38.8 billion in investment.

This year, 45 startups were selected through a competition of 13: 1 out of the 576 ideas that were received. For the past 5 months, the selected startups received infrastructure, professional mentoring and education necessary for startup.

Also Read: What is the shrewdest business move you have ever seen?

The finalist was evaluated by the final pitching and examination by investment experts like accelerators, venture capital, (VC) etc.

Seong Yeong Chang (CEO Moneybrain) said, “We hope that Money Brain will grow beyond Korea and become a unicorn company representing the artificial intelligence field in the global market.” Chang added, “We will actively participate in global markets such as the US, China, Japan and etc.”

The runner ups of the “K-Global Startup Competition” were Finnos, SSenStone, Archidraw and Woo-a Media.

—

The article Money Brain wins K-Global Startup Competition first appeared on Tech For Korea.

The post Money Brain wins K-Global Startup Competition appeared first on e27.