WASHINGTON, Dec. 12, 2019 /PRNewswire/ -- On November 20, 2019 KIC-KISA Cyber Summit successfully concluded. Eight promising cybersecurity startups from Korea pitched their solutions for IoT security software, hardware and device platform intelligence. The event was hosted by Korea Innovation Center (KIC) Washington DC and Korea Internet & Security Agency (KISA) for the purpose of showcasing Korean cybersecurity startups that accelerate global commercialization and expansion.
The participating startups conducted 1:1 business meeting with prospective partners to validate their business opportunities in the U.S. They developed their business models and discussed the possibility of potential partnership with angel investors and VCs in DC area. At the demo day, 30 market enablers and cybersecurity investors gathered to hear the pitch. Each company's pitch demonstrated how their product could protect security information with their solutions.
The 8 companies were selected by KISA to participate in this program: F1 Security, ARAD Networks, Naonworks, Security Platform, EYL, Genians, CIOT, and Somansa
"Washington DC is a cybersecurity cluster of federal agencies and many other security information companies. The KIC-KISA Cybersecurity Summit is the cornerstone of an important first step towards entering the public market in the cybersecurity sector in DC. We are confident that the companies have achieved their goals through this event along with the experts and market enablers in DC area. KIC Washington will continue to support promising Korean tech companies entering the US market so they can successfully develop their models here in the U.S," Jung Moon, Director General of KIC, said.
KIC Washington is a Korean government supported organization under the Ministry of Science and ICT that specializes in facilitating connections and entry to the U.S. market for Korean tech startups. Over the past five years, KIC DC branch has supported over 500 Korean startups to achieve their mission in Korea and the United States. KISA is a Korean internet security organization under the Ministry of Science and ICT responsible for the cybersecurity of Korea. KISA's role in the United States is to protect and strengthen the competitiveness of Korean tech companies as they advance into the U.S. market.
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SOURCE Korea Innovation Center Washington DC