Wave Company, Mass Challenge Finalist Selection
'Wave Company' (CEO Na-yeon Jo), which developed sports taping compression wear, was selected as the 2021 finalist at the 'MassChallenge US' called the 'Startup Olympics' on the 28th of last month. Wave Company is the 6th company to be selected as a finalist in the Mass Challenge in Korea. It is the first sportswear brand in Asia to be listed as a finalist in the Mass Challenge. Companies that are on the final list receive intensive mentoring in the US for 4 months. At this time, you will be given the opportunity to choose 5 mentors.
This year's mentoring will be conducted non-face-to-face in the aftermath of the novel coronavirus (COVID-19). CEO Cho plans to receive mentoring not only in sports tech but also in the space sector through non-face-to-face mentoring. Although only one department can receive mentoring, one more department can be added as it is conducted non-face-to-face.
In many cases, professors from famous universities such as Harvard are in charge of mentoring, so you can have a difficult business meeting opportunity in Korea. In the meantime, the 2,900 companies that have received mentoring have total sales of $3.6 billion (about KRW 4.73.3 trillion) and created more than 186,000 jobs. More than 3,000 teams from around the world applied for the Mass Challenge this year.
As a finalist in Austin, which operates sports tech, 30 teams rose through a 100:1 competition. Selection is based on public impact and suitability and feasibility. Wave Company was selected as a finalist in recognition of its high-tech technology in sports technology.
Na-yeon Jo, CEO of Wave Company, said, "It was an opportunity to check our technology and growth potential." "The goal is to prepare well for the next four months and be selected as an excellent team." Adhesive Silicone) technology has been developed to produce and sell wavewear. BWAS™ has good adhesion like a paste and is maintained even after washing, so it can be used semi-permanently. Wave wear can create a sports taping effect just by wearing it.
Currently, Wave Company plans to advance into the medical field by developing Elecsil™, a conductive silicone technology. Elexil can be attached to the inside of clothing to measure body information such as electrocardiogram and electromyography. It is a silicon that can emit electrons when connected to an EMS device. It can be connected to various wearable senses. It can be used in VR and the medical industry in the future.
EMS (Electronic Muscle Stimulation) garments will be released this year. It is developing EMS clothing that can measure heart rate, muscles, and body temperature in collaboration with an AI-specialized company. In collaboration with the Department of Materials Science and Engineering at Chung-Ang University and the Department of Materials Science and Engineering at Soongsil University, it is also developing smart clothes that can feel cool and warm in VR situations. The Mass Challenge is the world's largest startup competition.
Source: Korea Textile Newspaper (http://www.ktnews.com)