ModigenceVision, a startup selected for the Technology Guarantee Fund accelerating program ‘Kibo Venture Camp’,won the grand prize at the individual demo day of the accelerator (AC)Tap Angel Partners ModigenceVision, a 3D camera and vision solution company, announced on the 8th that it won the grand prize at the demo day held at Dream Plus in Gangnam-gu, Seoul on the 16th of last month. Based on this, ModigenceVision also advanced to the 16th integrated demo day of Kibo Venture Camp on the 24th of the same month.
Established in 2023, ModigenceVision develops AI-based customized 3D camera hardware platforms and vision solutions. It provides customized 3D cameras and vision systems to various industries such as robots, logistics, and smart factories. Kibo Venture Camp is a program in which Kibo collaborates with private ACs to nurture and support promising startups. The Technology Credit Guarantee Fund provides a guarantee limit of up to 1.5 billion won to excellent companies within the top 25% of selected companies, recommends companies for guaranteed investment, and provides ongoing support for attracting private investment. In addition, it links various financial and non-financial programs such as R&D (research and development) technology transfer and management consulting to help increase business competitiveness.Tap Angel Partners selected and nurtured 15 startups, including ModigenceVision, in the 16th batch held this year. Participating companies received guarantee support from Kibo and mentoring and consulting from Tap Angel Partners.
Kim Dae-hee, CEO of ModigenceVision, said, “This award allowed us to confirm the potential of our technology and the expectations of the market.” Regarding the Kibo Venture Camp, he said, “It was an opportunity to advance our commercialization strategy and establish a realistic business direction through mentoring and the know-how of senior companies.” He added, “Being selected as an excellent company helped us secure working capital, and in particular, the know-how to overcome the difficulties of sales and networking as a B2B startup was a great help.”CEO Kim said, “We plan to enter various industries by applying various vision solutions based on our solid vision hardware,” and “We will grow into a company recognized in the global market.”
Link: https://news.mt.co.kr/mtview.php?no=2025070811212530056
Photo: Kim Dae-hee, CEO of Modigens Vision (left), is receiving an award from officials at the ‘Kibo Venture Camp’ individual demo day. / Photo = Tap Angel Partners
