Lockin Company LIAPP Wins Grand Prize at 2016 Next Startup Awards
2017.01.03.
▲ Lockin Company's LIAPP won the grand prize at the 2016 Next Startup Awards. Choi Myoung Kyu, CEO of Lockin Company (left), Park Heon-yong, President of Gyeonggi Content Promotion Agency (right).
Mobile security specialist Lockin Company (CEO Choi Myoung Kyu) announced on the 2nd that it won the grand prize at the 2016 Next Startup Awards held at the Gyeonggi Culture and Creation Hub.
The Next Startup Awards, now in its second year, is a place to select, award, and encourage excellent startup companies in Gyeonggi-do in the field of cultural content convergence. It is hosted by Gyeonggi-do and Seongnam-si and co-hosted by Gyeonggi Content Promotion Agency and Seongnam Industrial Promotion Foundation.
The event consisted of ▲Pre-pitching of 7 teams (G. ON Hatch fostering companies) in the early stage ▲Main pitching of 10 startups that advanced to the final round ▲Expert lectures ▲Presentation of Gyeonggi-do startup white paper ▲Participating company booth exhibition ▲Congratulatory performances, etc.
The on-site evaluation on the day was conducted by a 7-member judging panel including Vice Chairman Yong-guk Cho of the Korea Angel Investment Association, Metatrend CEO In-oh Yoo, Brothers Angel Club patent attorney Wook-je Jo, Korea App Center Headquarters Director Se-jin Kim, Ever Partners CEO Jong-chun Lim, SparkLabs CEO Yu-jin Kim, and Culture Creative Convergence Belt PD Young-jae Kang, and the ranking was determined by adding up the scores of the 100-person audience evaluation panel that participated through advance application.
The judging panel conducted a strict evaluation with in-depth questions on the product’s technical prowess and differentiation, profit model and investment status, marketing strategy, and future prospects after each startup pitching.
In the early stage startup pitching, Linclan (content curation service ‘Boti’) took first place, followed by Berryjam Company (SNS and messenger GIF sharing service) and MM Ventures (SNS-based seller/buyer connection platform).
In the main pitching results, Lockin Company (integrated application security solution ‘Reapp’) won the grand prize, while Pixionary Art Factory (drone animation production) and IT&Basic (real-time audience response system Simple Flow) won the grand prize and excellence prizes.
The product that Lockin Company received high marks for in the main pitching competition is App Protector LIAPP, which blocks mobile hacking. It further strengthens security by encrypting the entire source code and prevents hacking, core technology leaks, and illegal modification.
LIAPP has acquired the GS1 software quality certification and is currently supplying technology to all areas of the app business industry, from traditional industries such as finance, games, education, and shopping to new technologies such as IoT, smart cars, and wearables.
Lockin Company has expanded its product line by introducing LIAPP for Games and LIAPP for Enterprise, which provide specialized functions by investigating the application service sector and the proportion of applications with many users this year.
Since then, it has shown high growth in the game and finance sectors, and in 2016, it has achieved a sales increase of over 500% compared to the previous year and a renewal rate of 90%, and has been recognized by the industry for its credibility and excellence in products.
CEO Myoung Kyu Choi said, “There were many changes at Lockin Company in 2016. We continued to make aggressive investments to ensure stable technology supply and also worked hard to recruit talent to strengthen marketing. “More than anything, I am very happy that our efforts have been recognized as all executives and employees have been busy sharing and realizing values,” he said. “In 2017, we will solidify our domestic marketing while Liapp is currently being serviced in the US, Europe, and Cambodia through partnerships, and we are aiming to advance into the Middle East, China, and Japan through additional partnerships.”
