Medipresso (CEO Kim Ha-seop), which is leading the Korean cafe market, announced that it was selected as one of the ‘1000 innovative companies that represent Korea.’
Project ‘1000 innovative companies that represent Korea’ is a program arranged by the Financial Services Commission and 9 government ministries (Ministry of Trade, Industry and Energy, Ministry of SMEs and Startups, Ministry of Science and ICT, Ministry of Health and Welfare, Ministry of Oceans and Fisheries, Ministry of Land, Infrastructure, and Transport, The Ministry of Culture, Sports and Tourism, Ministry of Environment, and Intellectual Property Office). The purpose is to select representative and promising companies that will lead the future innovation of Korea. Selected companies will receive comprehensive and systematic financial and non-financial support that meets the needs that arise from each growth stage.
This is the 4th round of the project and 235 companies were added to the selected company list. Among the 600 companies that were already selected in the 1 to 3 rounds, 406 companies in need of funds received 3,234 billion won and the government invested 408.2 billion won while standing surety for them (869.4 billion won).
Medipresso was selected as an innovative company in the intellectual property service by recommendation of the Korean Intellectual Property Office, as the technology and innovativeness of its customized wellness care service received a very positive evaluation. ‘MEDINA’ recommends customized tea capsules according to individual health conditions based on DNA and health checkup data. The company also offers a subscription service. Medipresso holds 10 patents related to this technology.
As the company was selected as one of the top innovative companies, Medipresso will receive non-financial support such as consultation and active financial support through policy-setting financial institutions in the future.
Medipresso CEO Kim Ha-seop said, “For early-stage startups to grow, bold challenges and disruptive innovation are essential. We will receive various external and internal support including the necessary funds through the program. Hence, we plan to focus more on overcoming challenges and innovating in the future.”