News Feed Item

SparkLabs IoT Begins Program within $35 Billion Smart City as Applications Open for Startups Across the Globe

William Wang (Founder & CEO of Vizio), Martin Hartono (Founder & CEO of GDP Venture), and Teddy Zee (Venture Partner at Xcelerate Limited) Join as Advisors

SONGDO, SOUTH KOREA--(Marketwired - October 19, 2016) - SparkLabs IoT program (http://www.sparklabsiot.com) is opening its doors on November 16th, 2016 with the support of South Korea's President Park's innovation center initiative, Songdo International Business District, Cisco Innovation Center in Songdo, Syntrend in Taipei and other partners.

Alex Namkung, Director of SparkLabs' new IoT program explained, "It took a lot of coordination and some patience to work with the various entities involved, but I'm excited that we are ready to launch. The SparkLabs IOT Program represents an unprecedented opportunity where IoT startups can test and deploy in the world's first smart city, in the world's most connected country."

The program will run from November 16th to April 19th and each company will receive up to $50,000 in investment along with free office space and numerous perks. The early entrants into the program reflect the wide range of technologies related to the Internet of Things and smart cities. There are some consumer hardware startups, but the majority are related to building more intelligent cities, improving industrial operations and applying cutting edge technologies, such as computer vision and artificial intelligence, to enterprises. A few of the early entrants are:

Augmented Knowledge (Seoul)
Augmented Knowledge is an augmented reality (AR) solutions company currently focused on the airline and machinery maintenance industries. The company's flagship product revolutionizes aircraft maintenance through the use of its patented image recognition technology and real-time AR visualization of mechanical parts and the work environment. Sparklabs IoT is helping them enter the U.S. market and other targeted markets.

Falkonry (Santa Clara, CA)
Falkonry is artificial intelligence in a box without the need for a data scientist. They seek to extract value from data of industrial operations, IT and IoT that was previously 99% untapped. Already integrates directly with Splunk, OSISoft PI, and Azure IoT Suite. They have a seasoned team with founders from Extricity (acquired by Peregrine Systems) and Ribbit (acquired by British Telecom) as part of their core team.

Blue Marine Technologies (Seoul)
BMT (Blue Marine Technologies) is a smart street lighting company that builds smart city lighting infrastructure. The company is installing their IOT street lamps in Korea and other parts of Asia. Using a high-insulation, low-cost ceramic coating on their lamp poles, BMT's smart lighting product significantly reduces costs and greenhouse gas emissions while improving public safety and providing a wide range of sensor-generated data.

"I'm excited to be supporting the new innovations and companies that go through our IoT program. I know first-hand that startup life is not easy, so hopefully our guidance can make their path less difficult," said Charles Huang, Venture Partner and former COO of Leeo & Co-founder of Red Octane/Guitar Hero.

Mentors for the program are located across the globe and come from such companies as Cisco, SAP, IBM, Sphero, Samsung, Evrything, Verizon Ventures, Autodesk and others.

"I'm excited to have an incredible team and network to support our startups. From our venture partners, Kai Huang, Charles Huang, Carl Wescott and Jeffrey Guo. Carl is a serial entrepreneur from Silicon Valley and Jeff Guo brings his experience and network with some of the leading hardware manufacturers in the world. Kai and Charles have built a billion dollar franchise in Guitar Hero while learning about the pains of supply chain management. Also our honorary advisors are incredibly supportive, such as William Wang, who built a multi-billion dollar consumer electronics company. Teddy Zee and Martin Hartono who have been long-time supporters of SparkLabs. We are really appreciative of all of our mentors and advisors," stated Alex Namkung, Director of SparkLabs IoT accelerator.

Applications open today and interested startups can apply on this link here.

About SparkLabs IoT

Located in the world's first smart city, Songdo, SparkLabs' IoT Accelerator focuses on startups positioned where hardware and software converge, particularly in the IOT, smart home, infrastructure, and logistics sectors. Open to local and overseas startups, program participants can take advantage of Songdo as a development center and test bed, while also having access to local and global corporations, investors, and suppliers and manufacturers in the world's most connected country.

The mentorship-driven program will be five months in length and provides funding, office space, a structure program and access to a top-tier network of entrepreneurs, venture capitalists, angel investors and executives. For more information, please visit www.sparklabsiot.com

Image Available: http://www.marketwire.com/library/MwGo/2016/10/19/11G118780/Images/song-do_international_city-67f13d075e74807c9ee46198f7599c61.jpg

Embedded Video Available: https://www.youtube.com/watch?v=fHO_zkHPTaI

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Intelligent machines are here. Robots, self-driving cars, drones, bots and many IoT devices are becoming smarter with Machine Learning. In her session at @ThingsExpo, Sudha Jamthe, CEO of IoTDisruptions.com, will discuss the next wave of business disruption at the junction of IoT and AI, impacting many industries and set to change our lives, work and world as we know it.
SYS-CON Events announced today that Enzu will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to focus on the core of their online busine...
In the 21st century, security on the Internet has become one of the most important issues. We hear more and more about cyber-attacks on the websites of large corporations, banks and even small businesses. When online we’re concerned not only for our own safety but also our privacy. We have to know that hackers usually start their preparation by investigating the private information of admins – the habits, interests, visited websites and so on. On the other hand, our own security is in danger bec...
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
The Open Connectivity Foundation (OCF), sponsor of the IoTivity open source project, and AllSeen Alliance, which provides the AllJoyn® open source IoT framework, today announced that the two organizations’ boards have approved a merger under the OCF name and bylaws. This merger will advance interoperability between connected devices from both groups, enabling the full operating potential of IoT and representing a significant step towards a connected ecosystem.
Kubernetes, Docker and containers are changing the world, and how companies are deploying their software and running their infrastructure. With the shift in how applications are built and deployed, new challenges must be solved. In his session at @DevOpsSummit at19th Cloud Expo, Sebastian Scheele, co-founder of Loodse, will discuss the implications of containerized applications/infrastructures and their impact on the enterprise. In a real world example based on Kubernetes, he will show how to ...
November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Penta Security is a leading vendor for data security solutions, including its encryption solution, D’Amo. By using FPE technology, D’Amo allows for the implementation of encryption technology to sensitive data fields without modification to schema in the database environment. With businesses having their data become increasingly more complicated in their mission-critical applications (such as ERP, CRM, HRM), continued ...
Enterprises have been using both Big Data and virtualization for years. Until recently, however, most enterprises have not combined the two. Big Data's demands for higher levels of performance, the ability to control quality-of-service (QoS), and the ability to adhere to SLAs have kept it on bare metal, apart from the modern data center cloud. With recent technology innovations, we've seen the advantages of bare metal erode to such a degree that the enhanced flexibility and reduced costs that cl...
SYS-CON Events announced today that Embotics, the cloud automation company, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Embotics is the cloud automation company for IT organizations and service providers that need to improve provisioning or enable self-service capabilities. With a relentless focus on delivering a premier user experience and unmatched customer support, Embotics is the fas...
SYS-CON Events announced today that Cloudbric, a leading website security provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Cloudbric is an elite full service website protection solution specifically designed for IT novices, entrepreneurs, and small and medium businesses. First launched in 2015, Cloudbric is based on the enterprise level Web Application Firewall by Penta Security Sys...
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
Governments around the world are adopting Safe Harbor privacy provisions to protect customer data from leaving sovereign territories. Increasingly, global companies are required to create new instances of their server clusters in multiple countries to keep abreast of these new Safe Harbor laws. Is it worth it? In his session at 19th Cloud Expo, Adam Rogers, Managing Director of Anexia, Inc., will discuss how to keep your data legal and still stay in business.
In his session at 19th Cloud Expo, Nick Son, Vice President of Cyber Risk & Public Sector at Coalfire, will discuss the latest information on the FedRAMP Program. Topics will cover: FedRAMP Readiness Assessment Report (RAR). This new process is designed to streamline and accelerate the FedRAMP process from the traditional timeline by initially focusing on technical capability instead of documentation preparedness. FedRAMP for High-impact level systems. Early in 2016 FedRAMP officially publishe...
SYS-CON Events announced today that Impiger Technologies will exhibit in Booth #109 at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Impiger Technologies is a world-class, enterprise software product engineering company specializing in Mobile Application Development, Cloud Applications, Microsoft Technology Solutions, Web Technology and Telecom Services. Impiger Technologies helps enterprises improve busi...
Qosmos, the market leader for IP traffic classification and network intelligence technology, has announced that it will launch the Launch L7 Viewer at CloudExpo | @ThingsExpo Silicon Valley, being held November 1 – 3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. The L7 Viewer is a traffic analysis tool that provides complete visibility of all network traffic that crosses a virtualized infrastructure, up to Layer 7. It facilitates and accelerates common IT tasks such as VM migra...