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< Four Korean Startups Receive CES 2017 Innovation Award > (Jan. 5-8)

- Korean startups prepare to take global market by storm through innovation

Four Korean startup companies--Cremotech, Mangoslab, Salted Venture and Neofect--received "Innovation Awards" at the 2017 Consumer Electronics Show (CES), held in Las Vegas from January 5 to 8.

Each year, the Consumer Technology Association (CTA) determines the recipients of the CES Innovation Award by selecting the most innovative products featured in each year's CES based on assessments of technical features, design, functionality and user value; thousands of products from 3,800 companies in 150 countries were evaluated, with 446 products in 28 categories receiving Innovation Awards and 35 products singled out to receive the "Best of Innovations" award for the best-in-category products.

Cremotech, a company incubated by the Daejeon CCE&I, received the award two years in a row in the "Home AV Components and Accessories" category for developing a portable laser smart-beam projector using the company's proprietary laser-optical technology. Salted Venture received the award for its IoT-based IOFIT smart golf shoes in the "Wearable Technologies" category; Neofect received the innovation award for RAPAEL, a smart glove for stroke treatment and rehabilitation, in the "Fitness, Sports and Biotech" category. Mangoslab, which drew attention for reeving the award a mere five months after being spun off from Samsung Electroincs, developed the "Nemonic" smart printer capable of printing memos directly from the smart phone, and was selected for the Best of Innovations award in the "Computer Accessories" category.

Salted Venture, Neofect and Magoslab have also taken part in incubation programs for prototype fabrication and other business activities through the Daegu CCE&I and Gyeonggi CCE&I. Commenting on the latest awards, Deputy Minister for Creative Economy Coordination Go Gyeong-mo said that "the Ministry will continue to provide support for startups and step up global networking efforts to ensure that our star companies can continue to make notable achievements on the global stage such as the latest CES Innovation Awards."

In addition to the innovation award winners, a dozen other leading Korean startup firms including Adamas Co. showcased their innovative products during this year's CES.

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