Innovative AI/IoT Companies Selected for Global Support Program by Korea Innovation Foundation
The Korea Innovation Foundation, known as INNOPOLIS, has recently announced the selection of two pioneering tech companies, CTECH and BeringLab, for its Global Technology Commercialization Support Program, which focuses on the North American market. This initiative aims to boost innovative firms operating in high-tech domains such as artificial intelligence, IoT, machinery, energy, and biohealth. As part of this program, selected companies receive targeted consulting assistance designed to facilitate the trial application of their technologies within local facilities or by international projects, greatly enhancing their commercialization prospects.
CTECH is at the forefront with its Smart IoT Asset Management System, which empowers organizations to conduct real-time monitoring and analytics of their physical and operational assets, including machinery and facility infrastructure. This advanced system integrates proprietary IoT devices alongside AI-driven analytics to gather and interpret critical data regarding asset usage patterns, locations, and operational efficiency. The multi-sensor port architecture employed by CTECH allows for the attachment of various sensor modules, enabling the collection of diverse environmental and operational insights tailored to specific applications.
Having established its base within the financial product landscape—especially in asset monitoring solutions for secured lending—CTECH is now broadening its scope to include facility and building management. Some standout features of their system include:
You can reach out to CTECH through their website here.
The second company selected, BeringLab, specializes in AI-driven translation specifically catering to the niche fields of legal and patent documents. With a client base exceeding 240 enterprises globally, BeringLab has emerged as a leader by offering tailored AI translation and post-editing services designed for highly regulated industries. One of the notable developments for BeringLab is its acquisition of Intersphere, a well-established name in the translation industry in Korea. This strategic acquisition is part of BeringLab's broader ambition to create the first AI-centric consolidation platform in the language services sector.
The synergistic outcome of combining BeringLab's proprietary AI translation technology with Intersphere's rich history and reliable client relationships promises to enhance operations across various sectors, including life sciences, manufacturing, and gaming. Intersphere will continue to operate under its own branding while incrementally incorporating BeringLab's advanced AI tools, thereby improving speed, consistency, and scalability in service delivery. Jae Yoon Kim, Co-CEO of BeringLab, expressed optimism regarding this venture, noting, "This acquisition is more than simply expansion - it's the foundation for a wider AI roll-up strategy. Our blend of AI technology with Intersphere's customer-centric ethos aims to deliver unmatched innovation while prioritizing customer support."
BeringLab is not new to this consolidation strategy, having previously acquired Tombali, the second-largest legal translation services provider in Korea. This progressive approach solidifies BeringLab's position as a pioneering force in leveraging AI within the translation market.
For inquiries, you can visit BeringLab's official site here.
With this bold initiative, the Korea Innovation Foundation is not just fostering technological advancement but also paving the way for international partnerships and market expansion, contributing significantly to the evolution of the AI and IoT landscape globally.
CTECH – Smart IoT Asset Management System
CTECH is at the forefront with its Smart IoT Asset Management System, which empowers organizations to conduct real-time monitoring and analytics of their physical and operational assets, including machinery and facility infrastructure. This advanced system integrates proprietary IoT devices alongside AI-driven analytics to gather and interpret critical data regarding asset usage patterns, locations, and operational efficiency. The multi-sensor port architecture employed by CTECH allows for the attachment of various sensor modules, enabling the collection of diverse environmental and operational insights tailored to specific applications.
Having established its base within the financial product landscape—especially in asset monitoring solutions for secured lending—CTECH is now broadening its scope to include facility and building management. Some standout features of their system include:
- - Real-time monitoring supported by GPS and cellular IoT devices,
- - AI-based anomaly detection for productivity evaluation,
- - Expandable multi-sensor architecture for diverse data collection,
- - Cloud-based dashboard for centralized management of assets.
You can reach out to CTECH through their website here.
BeringLab – AI Powered Legal and Patent Translation
The second company selected, BeringLab, specializes in AI-driven translation specifically catering to the niche fields of legal and patent documents. With a client base exceeding 240 enterprises globally, BeringLab has emerged as a leader by offering tailored AI translation and post-editing services designed for highly regulated industries. One of the notable developments for BeringLab is its acquisition of Intersphere, a well-established name in the translation industry in Korea. This strategic acquisition is part of BeringLab's broader ambition to create the first AI-centric consolidation platform in the language services sector.
The synergistic outcome of combining BeringLab's proprietary AI translation technology with Intersphere's rich history and reliable client relationships promises to enhance operations across various sectors, including life sciences, manufacturing, and gaming. Intersphere will continue to operate under its own branding while incrementally incorporating BeringLab's advanced AI tools, thereby improving speed, consistency, and scalability in service delivery. Jae Yoon Kim, Co-CEO of BeringLab, expressed optimism regarding this venture, noting, "This acquisition is more than simply expansion - it's the foundation for a wider AI roll-up strategy. Our blend of AI technology with Intersphere's customer-centric ethos aims to deliver unmatched innovation while prioritizing customer support."
BeringLab is not new to this consolidation strategy, having previously acquired Tombali, the second-largest legal translation services provider in Korea. This progressive approach solidifies BeringLab's position as a pioneering force in leveraging AI within the translation market.
For inquiries, you can visit BeringLab's official site here.
With this bold initiative, the Korea Innovation Foundation is not just fostering technological advancement but also paving the way for international partnerships and market expansion, contributing significantly to the evolution of the AI and IoT landscape globally.
Topics Consumer Technology）
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