South Korea is one of the most fertile grounds at global scale for developments in digital technologies. Factoring in the country’s advanced ICT infrastructure, pervasive high-speed internet connectivity, and the highest smart device penetration rate in the world (about 98%).In this scenario, a new trend is making its way in South Korea as the direct evolution of immersive technologies applied to a variety of industries: the “metaverse”.
The Covid-19 pandemic has radically changed the landscape of HealthTech on a global scale, enabling an entirely new pace of adoption and implementation of new technologies - as innovations that once took years to be deployed now require a shorter time frame.
South Korea’s best innovations in the field of EdTech coming to Seoul Summit organized by Mind the Bridge (September 19-21). South Korea’s high-speed internet, strong technology companies, and reputation for early adoption of technologies – combined with one of the world’s largest proportions of teenagers entering higher education and huge household spending on out-of-school classes – has made it a major testbed for educational technology start-ups wanting a springboard to global markets.
For the fifth year running, startups have been asked to nominate the most active corporates in open innovation, this time at global level, thanks to the partnership between Mind the Bridge and the International Chamber of Commerce (ICC). In total, 50 companies from all over the world have been awarded: 25 as Corporate Startup Stars - with Mastercard (first), Bosch Group (second) and BP (third) securing the podium - and 25 companies named Open Innovation Challengers.
The flow of large corporates1 setting their own innovation outpost in Silicon Valley is in continued acceleration. And so are the models and methodologies used by such units. While is undoubtful that the COVID-19 epidemic has had some effects on the medium term commitment of such outposts (we do have counted a few “retreats” of Innovation Antennas as a result of budget cuts), for the most part data shows that both the number and the size of such units is experiencing a steady growth.