POSTECH won an excellence award at the 2020 Korea Development Bank (KDB) Entrepreneurship Education Program event hosted by the KDB Foundation and organized by the Korea Entrepreneurship Foundation.

On November 4 at the SKY 31 Convention at the Lotte World Tower, the performance sharing meeting was held to verify the effectiveness of KDB’s entrepreneurship education programs. 33 university teams across the country presented on their business items developed through the programs.

Team POSTECH (Academic advisor: Professor Ribin Seo) presented “RE:View”, a customer review analysis and customer relationship management consulting service for self-employed small businesses using natural language processing technology. The item was among the three selected for the excellence award and received the KDB President’s Award.

Team POSTECH, consisting of students Joong woo Park, Donghee Seo, Seung Mok Han, and Minseob Shim, will be provided 3 million won (USD 2,700) worth start-up funding, a chance to attend the start-up boot camp, and exemption from first round of screening for the KDB Entrepreneurship Program.

1,088 students from 16 universities in Korea participated in this year’s program, which offers intensive training such as practical start-up education programs, and customer interviews and market research with the help from professional start-up educators.

Under the COVID-19 quarantine guidelines, about 50 university students and pre-entrepreneurs attended the event in person, while 600 participants tuned in for the live online broadcast and actively engaged with the university teams in real time.