Infineon has teamed up with FuturePlay, a Seoul-based venture capital firm to jointly strengthen the hardware and software development ecosystem in South Korea by mentoring and nurturing early and growth stage start-ups.
Infineon and FuturePlay will identify problem statements setting out opportunities to further develop and enhance Infineon's commercial semiconductor solutions. Based on the problem statements, FuturePlay will refer start-ups from technology-related sectors to Infineon. Identified startups can cooperate with Infineon in various ways. Infineon can offer dedicated training and access to lab facilities. Strategically relevant startups from FuturePlay will also be supported with product samples and development kits. Furthermore, Infineon will offer its technical subject matter experts speakers at FuturePlay events and as mentors for startups as and when needed. The partnership also includes introductions to Infineon's customers for business or collaboration opportunities.
Junghee Ryu, CEO, FuturePlay
FuturePlay is very happy to partner with Infineon, a leading technology company from Germany, in supporting start-ups. This partnership will enable FuturePlay to further strengthen its incubation capabilities for start-ups in deep technology areas.
Scott Lee, Managing Director, Infineon Korea
Korea is a key growth market for Infineon with strong demand for power, sensor and security solutions, as well as automotive solutions. We want to focus in these existing areas as well as identify early on new use cases for our semiconductor solutions.
