1415T2g1 South Korea/Project Teams/Team 1/Companies
Contents
Futureplay
About the Company
Futureplay is a start-up that focuses on building tech-centric stat-ups. By undertaking the roles of an incubator, accelerator and venture capitalist, Futureplay aims to create an environment where inventors, entrepreneurs and early stage businesses find the necessary elements to launch, grow and succeed.
The Vision
To build a strong network of tech-centric start-ups
The Mission
To unite ideas, people, capital and data to innovate and transform technology to deliver a more exciting and interactive future.
The Team
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What FuturePlay Does?
Futureplay focuses on 2 things:
- Help entrepreneurs build incredible start-ups
- Fund and help accelerate early-stage technology start-ups
Futureplay has a 12-month program named 'INVENTOR IN RESIDENCE' to help entrepreneurs build incredible start-ups.
The programs includes several benefits:
- COMPETITIVE SALARY: Provides competitive salary and full benefits, so start-ups can focus on building the company
- BEST WORK SPACE: A great work space equipped with the best tools like 3D printer
- START-UP CLASSES: 12-week education sessions cover everything there is to know about building the best startup possible
- PATENT / LEGAL: Provide full legal/patent services for every idea and invention from Futureplay
- SEED FUNDING: At the end of the program, startups will receive a seed investment and a chance to apply for TIPS program
- EXPERTS HELP: From marketing to finance to engineering, experts will provide initial support to fill any gaps there is
Futureplay also has a TECH INCUBATOR PROGRAM to fund and help accelerate early-stage technology startups and is strongly involved in TECH INCUBATOR PROGRAM FOR STARTUP(TIPS) which is run by the government to provide a matching R&D grants (up to 6x the seed investment) to fund and support growth of startup ecosystem to accelerate and incubate tech startups.
Qualities FuturePlay looks out for in potential start-ups
1. Companies solving substantial problems for people
FuturePlay believes that real ground-breaking technologies should work to solve important and common problems, so that they can be used by more people, effortlessly. And their goal is to find start-ups that can discover these ‘real ground-breaking technologies’ and help translate them into products and services so that they can provide relevant solutions to relevant problems.
2. Companies with innovative and unique technologies
Solving a problem with innovative technology” means to provide solutions that are better than existing solutions by fully utilizing the computing and mechanical power of technology – requiring less efforts from humans. In any form, FuturePlay likes companies that “provide better solutions through technology.” Also, Futureplay also prefers that the technology is pretty unique as, if the breakthrough technology is vulnerable – either easily comprehensible through a thesis/paper, or have many other competitors researching into the same tech, or easily able to duplicate, or is not protected by patents – it will be hard for the startup to grow and build around that technology.
3. Companies that are global
Some start-ups are solving problems that exists in Korea, but not in the U.S while some offer solutions that may work in China, but would never work in Africa. In a world that constantly evolves and changes faster than ever, with Apple in U.S., Samsung in Korea, and Xiaomi in China competing viciously for a chunk of that global market share. FuturePlay believes that being ‘global,’ along with having exceptional technologies and speedy execution, will be a minimum requirement for a start-up to stand a chance in this difficult competition. Therefore, FuturePlay looks for companies that solve problems that exist everywhere in the world with solutions that can work anywhere in the world.
Portfolio Companies
1. Podo
- Podo is the world’s first ‘Stick-and-Shoot’ camera
- Users can stick this 3cm X 3cm camera anywhere and control it wireless via your phone
- Found by 3 UC Berkley graduates
- It is a Silicon Valley-based company that won the 1st place in Plug And Play 2013 with their 7 member team
2. Keukey
- Keukey aims to provide the best text-input experience for any smart devices
- It provides an easy typo correction solution that does not require using any backspaces in smart devices
3. HUiNNO
- HUiNNO is working to disrupt the healthcare industry through wearable technology
- Founded by Steven Baek, the start up is working to disrupt the healthcare industry through wearable technology
- It is currently working on a new smart-watch project, a device that can instantaneously detect blood pressure, heart rate, ECG, and other vitals for people with blood pressure problems
