GYEONGGI, Aug. 26 (Korea Bizwire) — The Gyeonggi Economy & Science Institute has selected twenty business startups in the companion animal industry for the first time this year, and has started to help them develop new products.
The selected startups possess new technology and outstanding ideas in premium pet food, health care products, beauty supplies, fashion items, and furniture for companion animals.
Kim Sun-mi, one of the participants, is developing a modernized Hanbok for companion animals that is dyed with red clay, gardenia fruits and turmeric with antibiosis, air-permeability and sun protection functions.
The founder of Metoyo, Kim Shin, is due to launch a cooler bowl that helps keep drinking water cool for a longer time during the summer, and the CEO of Arene, Moon Sun-hye, is about to start a new snack delivery service for pets.
Other noticeable businesses include an automatic leash combined with a pair of tongs for animal waste, a disposable animal diaper, and a mat capable of checking pets’ health.
These startups will move into the Gyeonggi Business Incubating Center, be provided with support funding amounting to a maximum of 15 million won per person, and begin to launch new products with the help of specialists from the end of this year.
Gyeonggi Province, in anticipation that the companion animal industry will grow up to 6 trillion won by the year 2020, is driving forward projects to nurture the sector’s foundation such as creating a companion animal theme park in Yeoju by next year.
“The selected businesses are not just developing typical products in the industry, they are combined with a variety of state-of-the-art technologies in medicine, IT (Information Technology), and textiles. We will keep nurturing the industry as a means to prepare for the future,” said Han Eun-yeong, the head of Gyeonggi Economy & Science Institute.
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