Welcome!

.NET Authors: Pat Romanski, Elizabeth White, ChandraShekar Dattatreya, Trevor Parsons, Peter Silva

News Feed Item

SparkLabs, a Startup Accelerator in Korea, Selects Its First Class and Adds Ray Ozzie and Michael Crow as Advisors

Ray Ozzie, CEO of Talko and Former Chief Software Architect at Microsoft, and Michael Crow, President of Arizona State University and Chairman of In-Q-Tel, Join SparkLabs' Honorary Advisory Board

SEOUL, SOUTH KOREA -- (Marketwire) -- 11/26/12 -- SparkLabs (www.sparklabs.co.kr), a new startup accelerator in Korea, has selected its first class of startup companies. The companies range from big data to edtech to online gaming, and from bootstrapped financing to those who raised a Series A round.

"We're excited about our first class. The overall quality of the applicants was amazing. Most of the final selection pool were further along than we expected. Many already closed investment rounds of $500,000 to over $1 million and several had revenues of $1 million or greater, but all of them apply because they were looking to expand their businesses outside of Korea," explained Bernard Moon, co-founder of SparkLabs.

Additionally, SparkLabs added two new members of their honorary advisory board: Ray Ozzie and Michael Crow. Ray Ozzie is co-founder & CEO of Talko, a startup focused on a new generation of mobile communications apps and services. Previously, he was Chief Software Architect of Microsoft, the company's most senior technical strategy & architecture role previously held by Bill Gates. Michael Crow is President of Arizona State University where he's guiding their transformation into one of the nation's leading public metropolitan research universities. Dr. Crow is also Chairman of In-Q-Tel, the CIA's venture capital arm, and was the founding director of the Earth Institute at Columbia University.

SparkLabs' accelerator program launches December 5, 2012 in Seoul, Korea. The first class is the following:

NFLabs (Big Data)
Funding: $500,000

NFLabs is the leading big data platform developer in Asia. Their product, Peloton, provides a full end-to-end solution to store, manage, process, and analyze massive amounts of data. NFLabs combine the power of Hadoop with a distributed, real-time search technology, enterprise grade connectors, and wrap it in an easy to use interface, to provide a true plug-and-play big data solution. The company secured partnerships with Hyosung Information Systems (Korea) and Hortonworks (U.S.).

KnowRe (EdTech)
Funding: $400,000

KnowRe is an educational technology company that develops an adaptive learning solution focused on providing a personalized learning experience for each student. KnowRe's engine provides an accurate assessment of a student's strengths and weaknesses and offers a personalized curriculum tailored to each individual's learning needs, all in an engaging user experience.

Ablar Company/Bulletin (Incubation Company)
Funding: $3 million

The ABLAR Company seeks to "innovate the offline world through technology" and build great products with a core team of talented engineers. The founder of the ABLAR Company, Jungseok Roh, was also a founder of Tatter&Company which was the only startup that was acquired by Google Korea.

ABLAR has launched various mobile applications, such as 'Reservation King, Poing,' which is a mobile application that enables people to make reservations at 30,000 restaurants in Korea, and 'Bulletin,' which is a social mobile Craigslist. The ABLAR Company plans to release two more products in this year.

Merrywind (Online Gaming)
Funding: $400,000

Merrywind is an online gaming studio whose first product was a Facebook game called Hotel Casino. The company's core team is from Nexon, the leading online gaming company in Korea.

WePlanet (Mobile Social Service)
Funding: bootstrapped

WePlanet has a mobile social service focused on tracking life activities through icon-based check-ins and providing aggregated information through infographics.

Memebox (E-commerce/Beauty Products)
Funding: $200,000 (self-funded)

Memebox ("me-me box") became the leading beauty subscription commerce company after 2 months of launching in February 2012, overtaking Glossybox (Rocket Internet), which was in operation for 9 months. After becoming No.1 in beauty subscription commerce service, Memebox expanded into e-commerce in August 2012 signing up 140 beauty brands. In 2013, Memebox is focused in building out their mobile presence and targeting other markets in Asia.

About SparkLabs
SparkLabs is a startup accelerator founded by entrepreneurs for entrepreneurs in South Korea. The focus will be on startup companies from the Internet, online gaming, mobile, ecommerce and digital media sectors. The mentorship-driven program will be three 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. SparkLabs seeks to contribute to and help develop South Korea's startup ecosystem. For more information, please visit www.sparklabs.co.kr

Add to Digg Bookmark with del.icio.us Add to Newsvine

Contact:
Bernard Moon
Co-founder
+1-650-454-5244
Email Contact

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.

@ThingsExpo Stories
An entirely new security model is needed for the Internet of Things, or is it? Can we save some old and tested controls for this new and different environment? In his session at @ThingsExpo, New York's at the Javits Center, Davi Ottenheimer, EMC Senior Director of Trust, reviewed hands-on lessons with IoT devices and reveal a new risk balance you might not expect. Davi Ottenheimer, EMC Senior Director of Trust, has more than nineteen years' experience managing global security operations and assessments, including a decade of leading incident response and digital forensics. He is co-author of t...
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
The Internet of Things will greatly expand the opportunities for data collection and new business models driven off of that data. In her session at @ThingsExpo, Esmeralda Swartz, CMO of MetraTech, discussed how for this to be effective you not only need to have infrastructure and operational models capable of utilizing this new phenomenon, but increasingly service providers will need to convince a skeptical public to participate. Get ready to show them the money!
The Internet of Things will put IT to its ultimate test by creating infinite new opportunities to digitize products and services, generate and analyze new data to improve customer satisfaction, and discover new ways to gain a competitive advantage across nearly every industry. In order to help corporate business units to capitalize on the rapidly evolving IoT opportunities, IT must stand up to a new set of challenges. In his session at @ThingsExpo, Jeff Kaplan, Managing Director of THINKstrategies, will examine why IT must finally fulfill its role in support of its SBUs or face a new round of...
One of the biggest challenges when developing connected devices is identifying user value and delivering it through successful user experiences. In his session at Internet of @ThingsExpo, Mike Kuniavsky, Principal Scientist, Innovation Services at PARC, described an IoT-specific approach to user experience design that combines approaches from interaction design, industrial design and service design to create experiences that go beyond simple connected gadgets to create lasting, multi-device experiences grounded in people's real needs and desires.
Enthusiasm for the Internet of Things has reached an all-time high. In 2013 alone, venture capitalists spent more than $1 billion dollars investing in the IoT space. With "smart" appliances and devices, IoT covers wearable smart devices, cloud services to hardware companies. Nest, a Google company, detects temperatures inside homes and automatically adjusts it by tracking its user's habit. These technologies are quickly developing and with it come challenges such as bridging infrastructure gaps, abiding by privacy concerns and making the concept a reality. These challenges can't be addressed w...
The Domain Name Service (DNS) is one of the most important components in networking infrastructure, enabling users and services to access applications by translating URLs (names) into IP addresses (numbers). Because every icon and URL and all embedded content on a website requires a DNS lookup loading complex sites necessitates hundreds of DNS queries. In addition, as more internet-enabled ‘Things' get connected, people will rely on DNS to name and find their fridges, toasters and toilets. According to a recent IDG Research Services Survey this rate of traffic will only grow. What's driving t...
Connected devices and the Internet of Things are getting significant momentum in 2014. In his session at Internet of @ThingsExpo, Jim Hunter, Chief Scientist & Technology Evangelist at Greenwave Systems, examined three key elements that together will drive mass adoption of the IoT before the end of 2015. The first element is the recent advent of robust open source protocols (like AllJoyn and WebRTC) that facilitate M2M communication. The second is broad availability of flexible, cost-effective storage designed to handle the massive surge in back-end data in a world where timely analytics is e...
Scott Jenson leads a project called The Physical Web within the Chrome team at Google. Project members are working to take the scalability and openness of the web and use it to talk to the exponentially exploding range of smart devices. Nearly every company today working on the IoT comes up with the same basic solution: use my server and you'll be fine. But if we really believe there will be trillions of these devices, that just can't scale. We need a system that is open a scalable and by using the URL as a basic building block, we open this up and get the same resilience that the web enjoys.
We are reaching the end of the beginning with WebRTC, and real systems using this technology have begun to appear. One challenge that faces every WebRTC deployment (in some form or another) is identity management. For example, if you have an existing service – possibly built on a variety of different PaaS/SaaS offerings – and you want to add real-time communications you are faced with a challenge relating to user management, authentication, authorization, and validation. Service providers will want to use their existing identities, but these will have credentials already that are (hopefully) i...
"Matrix is an ambitious open standard and implementation that's set up to break down the fragmentation problems that exist in IP messaging and VoIP communication," explained John Woolf, Technical Evangelist at Matrix, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
How do APIs and IoT relate? The answer is not as simple as merely adding an API on top of a dumb device, but rather about understanding the architectural patterns for implementing an IoT fabric. There are typically two or three trends: Exposing the device to a management framework Exposing that management framework to a business centric logic Exposing that business layer and data to end users. This last trend is the IoT stack, which involves a new shift in the separation of what stuff happens, where data lives and where the interface lies. For instance, it's a mix of architectural styles ...
Cultural, regulatory, environmental, political and economic (CREPE) conditions over the past decade are creating cross-industry solution spaces that require processes and technologies from both the Internet of Things (IoT), and Data Management and Analytics (DMA). These solution spaces are evolving into Sensor Analytics Ecosystems (SAE) that represent significant new opportunities for organizations of all types. Public Utilities throughout the world, providing electricity, natural gas and water, are pursuing SmartGrid initiatives that represent one of the more mature examples of SAE. We have s...
P2P RTC will impact the landscape of communications, shifting from traditional telephony style communications models to OTT (Over-The-Top) cloud assisted & PaaS (Platform as a Service) communication services. The P2P shift will impact many areas of our lives, from mobile communication, human interactive web services, RTC and telephony infrastructure, user federation, security and privacy implications, business costs, and scalability. In his session at @ThingsExpo, Robin Raymond, Chief Architect at Hookflash, will walk through the shifting landscape of traditional telephone and voice services ...
The Internet of Things is tied together with a thin strand that is known as time. Coincidentally, at the core of nearly all data analytics is a timestamp. When working with time series data there are a few core principles that everyone should consider, especially across datasets where time is the common boundary. In his session at Internet of @ThingsExpo, Jim Scott, Director of Enterprise Strategy & Architecture at MapR Technologies, discussed single-value, geo-spatial, and log time series data. By focusing on enterprise applications and the data center, he will use OpenTSDB as an example t...
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at Internet of @ThingsExpo, James Kirkland, Chief Architect for the Internet of Things and Intelligent Systems at Red Hat, described how to revolutioniz...
Bit6 today issued a challenge to the technology community implementing Web Real Time Communication (WebRTC). To leap beyond WebRTC’s significant limitations and fully leverage its underlying value to accelerate innovation, application developers need to consider the entire communications ecosystem.
The definition of IoT is not new, in fact it’s been around for over a decade. What has changed is the public's awareness that the technology we use on a daily basis has caught up on the vision of an always on, always connected world. If you look into the details of what comprises the IoT, you’ll see that it includes everything from cloud computing, Big Data analytics, “Things,” Web communication, applications, network, storage, etc. It is essentially including everything connected online from hardware to software, or as we like to say, it’s an Internet of many different things. The difference ...
Cloud Expo 2014 TV commercials will feature @ThingsExpo, which was launched in June, 2014 at New York City's Javits Center as the largest 'Internet of Things' event in the world.
SYS-CON Events announced today that Windstream, a leading provider of advanced network and cloud communications, has been named “Silver Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York, NY. Windstream (Nasdaq: WIN), a FORTUNE 500 and S&P 500 company, is a leading provider of advanced network communications, including cloud computing and managed services, to businesses nationwide. The company also offers broadband, phone and digital TV services to consumers primarily in rural areas.