[Asia Times, Reporter Shin Jin-yeol] The Korea Automotive Technology Institute (KATECH), a core technology institution of the Cheonan-Asan Innopolis in Chungnam, and F1 Partners Co., Ltd. announced that they successfully concluded the '2023 Cheonan-Asan Innocity Inno Star Challenge (Demo Day)' event on October 31 at KATECH's Innopolis Campus 2.

This event was a demo day as part of the Cheonan-Asan Innopolis Campus project, a technology startup competition. A total of ten companies selected in the second round participated in IR pitching sessions, where seven external judges evaluated the companies based on criteria such as entrepreneurial capability, business potential, and technological innovation to select promising companies.

Additionally, an "IR Pitching Clinic Program" was conducted for the ten participating companies, offering on-site feedback and guidance from experts to enhance their pitch decks and improve their pitching techniques. The event aimed to promote investment in participating companies, with over 30 attendees including representatives from local governments, investment institutions, and startup-related organizations.

At the event, seven investment experts from the "Future Mobility Investment Committee (FCI) Network," a network of current investment reviewers from the automotive industry established at KATECH's Innopolis Campus, participated as evaluators. They conducted in-depth Q&A sessions with the participants. The awards were as follows:

· Chungnam Governor's Award (Grand Prize): TMEV NET Co., Ltd. (CEO: Cho Hyung-nam)

· Cheonan Mayor's Award (Excellence Award): Myren Co., Ltd. (CEO: Choi Eun-hong)

· Asan Mayor's Award (Excellence Award): G&T Co., Ltd. (CEO: Son Il-soo)

· Innopolis Campus Director's Award (Encouragement Award): Luxa Co., Ltd. (CEO: Lee Sang-soo)

O Mi-hye, Director of KATECH's Innopolis Campus, stated, "Through our annual Inno Star Challenge in Cheonan-Asan Innopolis, we have nurtured numerous technology-based innovative startups with high potential for growth into unicorn companies. Our efforts were recognized with the 'Best Performance' among 14 innopolises in Korea during the Ministry of Science and ICT's annual evaluation in 2022. Moving forward, we will continue to actively foster outstanding tech startups to strengthen the local startup ecosystem and establish Cheonan-Asan Innopolis as a hub for future mobility innovation." This translation captures the key details and structure of the original content.

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