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In Demand: Ideas that can change the world in 10 years.
The hot topic of the day was from KOLON group (Chairman Lee Oung Yeol) and its decision to hold a contest exhibition specifically aimed at KAIST students, professors and staff on ideas that could potentially change the everyday lifestyle in the near future. It is the first time a Korean company in the top 30 to hold such a contest aimed at a specific university.
The total prize money involved amounts to 50million Korean Won which will be handed out to ten teams. The 1st prize will be given to one team along with 20million Korean Won, the 2nd prize will be given to two teams each receiving 10million Korean Won, and the rest of the teams will be given 1million Korean Won worth in gift certificates.
The idea contest is planned by KOLON-KAIST Lifestyle Innovation Center (from here on referred to as KOLON LSI Center). Anyone who is part of the KAIST community can participate by preparing a two A4 page report and sending it to kolon.kaist.dreamer@gmail.com until October 31st five o’clock in the afternoon. The results and the awards ceremony will be held on the 23rd of November on ‘KOLON Day’.
The Executive Director of KOLON Kim Kyung Yong commented, “The dreams of yesteryears like shrinking a room sized computer to fit in the palm of my hand and being able to communicate to anyone in the world have become reality. The KAIST community is composed of Korea’s finest in the field of Science, and it seemed fitting to search the KAIST community to find ideas that could potentially change the world in ten years’ time.”
2011.09.26 View 13145 -
KOLON-KAIST Lifestyle Innovation Center Opening Ceremony
KAIST and KOLON opened the “Lifestyle Innovation Center” on the 6th of September this year. The ceremony was held at KAIST where the MOU for developing new industries was also signed.
The opening ceremony was attended by Chairman of KOLON Lee Eung Yeul and CEO’s of other various affiliate companies like Kim Nam Soo, Bae Young Ho, Park Dong Moon, and etc. and also President of KAIST Seo Nam Pyo along with professors who will participate like Professor Lee Young Hoon, Professor Joo Dae Joon, Professor Bae Kyung Wook, and Vice President of KAIST Jo Dong Ho.
The KOLON-KAIST Lifestyle Innovation Center (referred to as KOLON LSI Center) was developed under instructions from Chairman of KOLON Lee Eung Yeul wishing for the active cooperation and transfers of technologies with KAIST and, as a result, creating a domestic technology transfer network. The two institutes will be working together in finding highly promising fields of industry (with high risk but also high return) through research and development, technological advices, competitive exhibitions, and workshops.
Chairman of KOLON Lee Eung Yeul stated that “it is imperative to increase the success rate of new business and shorten the time frame of starting a new business by encouraging the business community to launch startups more and for the executive community including policy makers to support such endeavors” and that “the KOLON LSI Center will create a positive synergy to that end.”
President Seo Nam Pyo commented that, “KOLON-KAIST LSI Center is different even at the conceptual level” and that “I am confident that it will be a great success as it is the first of specialized joint labs in Korea that encourages professors and researchers of companies to conduct joint research programs.”
LSI Center was founded and will be administered by the Collective Contribution from KOLON, KOLON Industry, and KOLON GloTech, investing 7.5billion Korean Won over the course of 5 years.
2011.09.19 View 13712