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Joyce Sidopoulos, chief of operations at MassRobotics, addresses Korean startups in the course of the weeklong program. Supply: MassRobotics
MassRobotics not too long ago 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 develop their operations into the U.S., the program provided 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 progress.
Program bridges innovation from Korea to Boston
As a part of its mission to foster world innovation, MassRobotics deliberate a curriculum tailor-made to the wants of the startups affiliated with the Korea Superior Institute of Science & Know-how (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 matters essential to their progress, 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. firms: The startups have been launched to methods for figuring out and dealing with U.S. firms to develop proof-of-concept (POC) partnerships. These collaborations may also help Korean startups show their know-how’s worth and construct native credibility.
- U.S. market-entry technique: Specialists supplied insights on market tendencies, buyer acquisition, and aggressive evaluation, arming startups with the information to develop a tailor-made technique for coming into the U.S. market.
- Fundraising: Members 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 spread 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 firms included:
- Morphing I: It affords the AI-driven MorphingBot, Lengthy-range, small-pipe inspections with exact GIS knowledge 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 supply custom-made gait help and rehabilitation therapy for wearers.
- ArgosVision: Offers panoramic 3D imaginative and prescient AI for robots and mobility, enhancing robotic intelligence with a human-like extensive subject of view.
- DOGU: Making the world safer with ASR (AI-powered Security Robotic), DOGU makes a speciality of autonomous techniques for each indoor and out of doors environments.
- Floatic: This firm has developed an autonomous cell 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 automobiles, boosting transport effectivity.
- L-line: This startup mentioned it’s main AMR and e-mobility business innovation via world 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 world connections for long-term success
The week-long program included not solely instructional classes but in addition networking alternatives with Boston’s robotics professionals, enterprise capitalists, and enterprise leaders, mentioned MassRobotics. These connections are important for startups in search of to ascertain a U.S. presence, construct partnerships, and scale operations, in keeping with the group.
The group had the chance to fulfill Boston Dynamics and Vecna Robotics and mentioned the best way to develop a enterprise right here within the U.S. from first hand skilled leaders. The guests from Korea additionally obtained know-how demonstrations from these robotics leaders.
MassRobotics mentioned the Worldwide Immersion Program demonstrates its dedication to supporting the worldwide growth of robotics know-how. This system offers the assets and mentorship crucial to achieve the U.S., it mentioned.
South Korean startups visited native firms together with Boston Dynamics. Supply: MassRobotics
Startups stay 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 targets, in keeping with MassRobotics. It mentioned applications like this one will play an more and more important position in bridging the Boston and world robotics ecosystems and in shaping the way forward for robotics know-how worldwide.
MassRobotics additionally not too long ago 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 word: Subsequent week at RoboBusiness in Santa Clara, Calif., MassRobotics might be internet hosting a two-part Robotics Startup Bootcamp. Joyce Sidopoulos, co-founder and chief of operations at MassRobotics, can even be talking on the ticketed Ladies in Robotics Luncheon.
