2016 Innovation Awards Highlights

2016 Highlights

As part of its 35th Anniversary celebration, the Korean-German Chamber of Commerce and Industry (KGCCI) awarded four outstanding innovative companies on September 30 with its “2016 KGCCI Innovation Awards”. The Innovation Award is KGCCI’s own effort to foster and promote innovative ideas and companies in Korea. This year’s Innovation Award was much anticipated, as could be seen by a doubling of applications and participation of more Korean companies. 

Based on the four criteria “degree of innovation” (novelty of idea and creativity of the concept), “Proven in the market” (Tangible market success, orders, sales etc.), “Benefit for company” (savings/synergies, better positioning of the company in the market etc.) and “Benefit for society” (Benefit for people’s health, education, the environment) the outside Korean-German jury of 9, consisting of experts from research, academia and business, selected the following companies as winners:

iBULePhotonics convinced by an innovative and proven business based on the application of special materials. Commercial probes were developed in close collaboration with FraunhoferIKTS (Dresden), InfraTec (Dresden) and the Korean Agency for Defense Development.

BASF was awarded with the Green Innovation award for its tried and tested “Elastocoastaclever”, a sustainable and environment-friendly solution for effective coastal defenses.

C&M Robotics was awarded in the Workforce Development category with its “Young Meisters Program”, a vocational education and training program that enhances significantly the employability of high school graduates –especially for small & medium enterprises.

Korea Telecom (KT) in cooperation with the Korean Ministry of Science, ICT and Future Planning with its proposal for “Avian Influenza and Infectious disease preventing through big data” was awarded with a special “Chairman Award”. The Chairman Award was given to KT as it showed a practical application of big data technology on a serious and urgent problem. The jury considered this project as a lighthouse project, which hopefully encourages others to engage in this novel technology as well.

KGCCI will continue to foster and promote innovative companies in Korea. For more information, go to its website www.innovation-award.kr or www.kgcci.com.

Congratulation to 35 years KGCCI (video)

After Event Video

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