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Joyce Sidopoulos, chief of operations at MassRobotics, addresses Korean startups throughout the weeklong program. Supply: MassRobotics
MassRobotics just lately welcomed 10 startups from South Korea for an intensive, weeklong Worldwide Immersion Program, in partnership with the KAIST International Commercialization Heart, or GCC.
Designed to assist worldwide startups increase their operations into the U.S., the program supplied a possibility for Korean entrepreneurs to attach with Boston’s robotics ecosystem, acquire insights into the U.S. market, and construct strategic networks for future development.
Program bridges innovation from Korea to Boston
As a part of its mission to foster international innovation, MassRobotics deliberate a curriculum tailor-made to the wants of the startups affiliated with the Korea Superior Institute of Science & Expertise (KAIST). All of them had already raised enterprise capital funding and developed working prototypes.
This system’s core focus was to arrange the startups for a profitable U.S. launch, by protecting key subjects essential to their development, together with:
- Understanding U.S. authorized construction: Startups discovered the intricacies of navigating U.S. company legal guidelines, mental property, and regulatory necessities to make sure a easy entry into the American market.
- Sourcing POCs with U.S. corporations: The startups have been launched to methods for figuring out and dealing with U.S. corporations to develop proof-of-concept (POC) partnerships. These collaborations might help Korean startups display their expertise’s worth and construct native credibility.
- U.S. market-entry technique: Consultants offered insights on market traits, buyer acquisition, and aggressive evaluation, arming startups with the data to develop a tailor-made technique for coming into the U.S. market.
- Fundraising: Contributors gained publicity to U.S. enterprise capital expectations and greatest practices for securing extra funding as they scale their companies stateside.
Eric Truebenbach of Teradyne Ventures (and a RoboBusiness speaker) speaks to the Worldwide Immersion Program. Supply: MassRobotics
Cohort from Korea represents a variety of improvements
The Korean startups represented a variety of cutting-edge applied sciences, from autonomous drones to AI-driven robotics and logistics options. The taking part corporations included:
- Morphing I: It gives the AI-driven MorphingBot, Lengthy-range, small-pipe inspections with exact GIS information and leak prediction.
- Narma: The spinoff of the Korea Aerospace Analysis Institute (KARI) has commercialized an electrical twin tiltrotor drone, specializing in long-distance and high-altitude flights.
- DAIM Analysis: This startup is pioneering autonomous manufacturing with AI and digital twin applied sciences.
- Hurotics: A maker of AI-based wearable robots, specializing in modular designs that provide personalized gait help and rehabilitation therapy for wearers.
- ArgosVision: Supplies panoramic 3D imaginative and prescient AI for robots and mobility, enhancing robotic intelligence with a human-like vast area of view.
- DOGU: Making the world safer with ASR (AI-powered Security Robotic), DOGU focuses on autonomous programs for each indoor and outside environments.
- Floatic: This firm has developed an autonomous cellular robotic (AMR) for e-commerce warehouse automation and “a future that expands temporal boundaries.”
- EasternGear: Placing effectivity into movement, EPG designs and manufactures next-generation transmissions for high-tech industries.
- Speedfloor: SpeedFloor automates cargo dealing with for specialised autos, boosting transport effectivity.
- L-line: This startup stated it’s main AMR and e-mobility trade innovation by way of international engineering.
Startups in this system had the chance to pitch to a number of mentors in addition to to the MassRobotics residents adopted by a networking occasion.
Startups construct international connections for long-term success
The week-long program included not solely academic periods but additionally networking alternatives with Boston’s robotics professionals, enterprise capitalists, and enterprise leaders, stated MassRobotics. These connections are important for startups searching for to ascertain a U.S. presence, construct partnerships, and scale operations, in response to the group.
The group had the chance to satisfy Boston Dynamics and Vecna Robotics and mentioned tips on how to develop a enterprise right here within the U.S. from first hand skilled leaders. The guests from Korea additionally acquired expertise demonstrations from these robotics leaders.
MassRobotics stated the Worldwide Immersion Program demonstrates its dedication to supporting the worldwide growth of robotics expertise. This system gives the sources and mentorship mandatory to achieve the U.S., it stated.
South Korean startups visited native corporations together with Boston Dynamics. Supply: MassRobotics
Startups sit up for subsequent steps
By the top of the week, the taking part startups returned to Korea with a clearer imaginative and prescient for his or her U.S. growth plans and a community of contacts to assist them obtain their objectives, in response to MassRobotics. It stated applications like this one will play an more and more important position in bridging the Boston and international robotics ecosystems and in shaping the way forward for robotics expertise worldwide.
MassRobotics additionally just lately hosted RoboBoston 2024, which featured greater than 400 college students on STEM Day and over 6,500 attendees for its annual Robotic Block Social gathering in Boston’s Seaport District.
Editor’s be aware: Subsequent week at RoboBusiness in Santa Clara, Calif., MassRobotics will likely be internet hosting a two-part Robotics Startup Bootcamp. Joyce Sidopoulos, co-founder and chief of operations at MassRobotics, will even be talking on the ticketed Girls in Robotics Luncheon.
