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[Press Release] GIST student Deukjo Kong and alumnus Dr. Jae Pil Shim receive bronze award in a national contest for the best entrepreneurs

  • 엘리스 리
  • REG_DATE : 2016.01.07
  • HIT : 941

GIST student Deukjo Kong and alumnus Dr. Jae Pil Shim receive
bronze award in a national contest for the best entrepreneurs

10 million won award sponsored by the Ministry of Science, ICT, and Future Planning was given to a low-cost high-quality GaN single crystal substrate project

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GIST student Deukjo Kong and alumnus Dr. Jae Pil Shim receive bronze award of 10 million won
during the Economic Target: Superstar V national entrepreneurship competition

An entrepreneurial team named VELA from the Gwangju Institute of Science and Technology (GIST), which is composed of current student Deukjo Kong and alumnus Dr. Jae Pil Shim who is currently a postdoctoral researcher at KISTI, received the bronze award of 10 million won from the Ministry of Science, ICT, and Future Planning and the Small and Medium Business Administration on November 23, 2015, during the national entrepreneurship contest called "Economic Target: Superstar V" for their project idea for producing low-cost high-quality GaN single crystal substrates, which is an alternative to the more expensive sapphire substrate.

The Economic Target: Superstar V is a contest to promote and inspire ideas through a national competition. Entrepreneurial teams from across Korea participated in regional competitions in August 2015, and 15 finalists were selected for the national competition that was held at the COEX in Seoul.

GIST" VELA team participated in the competition and received good reviews from the judges concerning their project idea and business plan. Deukjo Kong said, "GIST has established an entrepreneurial promotion center and business incubator on campus, which was very supportive of our project, and I learned a lot through this process. I am hoping to help the economy around Gwangju area with the development of a local GaN substrate industry."

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