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Title SeoulTech Subsidiary Stans Co., Ltd. Receives Funding from Korea Technology Finance Corporation (KIBO)
Writer SEOULTECH ReadCount 115 Date 2019-07-31
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SeoulTech Subsidiary Stans Co., Ltd. Receives Funding from Korea Technology Finance Corporation (KIBO)

SeoulTech Technology Holding Company’s (Head Kim Sun Min) first subsidiary Stans Co., Ltd. (CEO Jeon Jihye) received funding from the Korea Technology Finance Corporation (KIBO).

Stans participated in the 2018 3rd KIBO Venture Camp and received direct investment through the Demo Day (IR) held in December 2018.
*KIBO’s representative acceleration program was created for the purpose of cultivating and discovering innovative entrepreneurs


▲KIBO Venture Camp Group Photo


Stans was able to prove its potential for profitability and technical expertise by using a business model that applies the proprietary Fanta Real AR solution that allows users to view their contents freely from their desired point of view in real-time 3D.
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Moreover, Stans was selected as KIBO’s Frontier Venture Company this May securing 3 billion KRW in funding for the next three years.

By being certified as a Frontier Venture Company by KIBO, designed to cultivate excellent venture companies with future growth potential, Stans was able to prove its growth once again.

▲ Stans Co., Ltd. CEO Jeon Jihye

CEO Jeon said, “With KIBO’s investment and certification, we will invest aggressively in product development, facility expansion and employment in order to become a leading company, making curated killer content for the upcoming 5G market.”

In addition, SeoulTech Technology Holding Company Head Kim Sun Min said, “After the successful hosting of the SeoulTech Technology Holding Company Subsidiary Product Expo in May, we will continue to assist our subsidiaries as partners in growth rather than simply holding shares.”

 

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