Find XO: Selected for the Super Gap Project Just Two Months After Spinning Off from LG Electronics (platum.kr)
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- Exup, which spun off from an in-house venture at LG Electronics, was selected for the Super Gap Startup Project following TIPS.
- The fact that they can receive up to 1.2 billion KRW without equity dilution is welcome news for robot founders facing heavy development costs.
- However, if they target both agriculture and defense sectors simultaneously, how much the same autonomous driving technology can be reused will be key.
- If separate products need to be developed every time the market expands, the secured funds could be quickly depleted.
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