Encouraging challenging spirits for new business models

The Global Entrepreneurship Korea Camp 2018 held for three days from June 27 outstood in terms of benchmarking the advanced contents of Silicon Valleyand the mentoring methods of the companies in the valley. The camp was organized in order to promote entrepreneurship and global competitiveness of the ITRC-participated postgraduate students in Korea. The camp first started in 2014 by the Ministry of Science and ICT with the support of the Institute for Information and Communications Technology Promotion, and of the Association of University Information and Communications Research Centers. 170 of 34 teams from 5 groups in ITRC or Grand ICT master’s or doctor’s courses students participated the camp this year which put a greater emphasis on encouraging challenging spirit for new business models and on fostering highly talented manpower in the field of ICT.

Also notable this year was that UC Berkeley Innovation Group (BIG) and Silicon Valley made strong presence with their global level technologies and excellentstartup environments. However, the difference were not only found at this but also at customized mentoring designed to draw optimized business models based on the student-led discussions from ideas to market analysis. The officials of the camp voiced together that the camp this year should be worthy of a praise in terms especially of encouraging the challenging spirit of the students. Some of them added that researches and discussions alone could not draw anything substantial but ‘action’ would make it possible.

Fostering global talents

Lee Chung-hoo from the team AI2 who won the ministerial prize from the Ministry of Science and ICT said “I had a great experience from the camp and I feel honored to win the ministerial prize. What made me more excited, however, is the process to reach the top and I learned a lot. I feel many changes will happen to me thanks to the camp.”An official of the camp said “IITPis supporting those who are in master’s or doctor’s courses. It is really important to make those students know how their knowledge and technique can actually be realized in the real world. We need to make them out of the research labs and make them face the field and the event such as this camp is playing a great role on that.And in that respect, the mentors from UC Berkeley Innovation Group took a great part.”After the camp, many students made the same voice that they felt proud and learned a lot about entrepreneurship. <Power Korea> hopes that the Global Entrepreneurship Korea Camp will play a spring board for them to grow as global ICT leaders.