Korea Environment Corporation (Chairman Byeong-ok Ahn) under the Ministry of Environment announced that it held the ‘2023 Water Industry Startup Challenge Entrepreneurship Contest’ awards ceremony

on the 31st (Thursday) to discover and foster promising start-ups in the water industry.

 

 

Starting in 2020, the contest selects and supports five teams every year, and since last year, the prize money has been expanded to provide commercialization funds such as prototype production,

patent applications, and test analysis.

 

This contest was held for water companies residing in business incubation centers across the country in collaboration with Korea Environment Corporation and the Korea Business Incubation Association.

A total of 33 teams were selected, and 5 teams were selected through application documents and expert screening.

 

Midvar Co., Ltd., which was selected as the target company, was recognized for its technology that can replace the concentrated water and cost problems of the existing reverse osmosis method

in the seawater desalination system.

 

Panamix Co., Ltd. was selected for the Korea Environment Corporation Chairman's Award (top award), and other excellence awards and encouragement awards were also given.

 

 

In addition, the Corporation's National Water Industry Cluster also operated a two-day, one-night program to strengthen the capabilities of start-up companies, including consulting with technology,

management, and investment experts, for the nine teams selected through the first document screening that participated in the contest.

 

“Through this contest, promising companies that will lead the future water industry were selected,” said Ahn Byeong-ok, chairman of the Korea Environment Corporation.

“In the future, the Corporation will actively support startups in the water industry to increase their competitiveness and help them grow into global companies.”

 

 

Source: Today Environmental Economy Newspaper (http://www.todayebnews.com)