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FUST LAB Receives "Excellence Award" at the SK ECO-PLANT Open Innovation ConTech Meet Up Day
FUST Lab's Water Treatment and Sludge Reduction Technology Utilizing Focused Ultrasonic Technology Water Selected for an Award.
From left Korea Overseas Infrastructure & Urban Development Corporation (KIND) CEO Kang-Hoon Lee, FUST Lab. Co., Ltd, CEO Minsung Hwangbo. (Photo by FUST Lab. Co., Ltd)
Every year since 2020, SK ECOPLANT has been hosting an open technology competition to discover and support startups and domestic small and medium-sized enterprises (SMEs) with innovative technologies and ideas.
This year the competition was conducted in collaboration with Korea Innovation Foundation/ Innopolis Foundation, Chungnam Korea SMEs and Startups Agency, SK Ocean Plant, EMC, Korea Agriculture Technology Promotion Agency, HOSEO University, Chungnam Creative Economy Innovation Center, Daejeon Creative Economy Innovation Center, and more.
By September, 2023, the SK E&C Plant ConTech Meet-Up Day received a total of 120 technology submissions in the fields of environment, energy, and smart construction. Following document reviews and presentation evaluations, five companies were selected as award-winning companies, including two in the environmental category, one in energy, and two in smart construction.
The winners of the competition were SK E&S and SK Ocean Plant—its subsidiary—which will have the opportunity for joint research and development with the Environmental Management Corporation.
Government support funds and investment attraction can also be obtained from participating public institutions and investment agencies participating as co-hosts.
■ FUST LAB's Water Treatment and Sludge Reduction Technology was selected in the environment sector.
FUST LAB, designated as Research Institute Company No. 1542 (establishing institution: Korea Research Institute of Standards and Science), is advancing commercialization through innovative focused ultrasound technology. The company is actively pursuing its business, including its first Demonstration Event of the DEBREX equipment in November 2023 with notable international and domestic guests.
FUST LAB proposed water treatment and sludge reduction technology utilizing its core technology, focused ultrasound, which efficiently handles toxic substances, including “forever chemicals” or non-biodegradable Per- and Polyfluorinated Substances (PFAS).
FUST LAB’s water treatment technology, moreover, has the ability to dramatically reduce Total Organic Carbon (TOC) in wastewater, enabling microbial decomposition.
In August, FUST LAB successfully attracted investment from BluePoint Partners and others; it has also achieved various milestones, including selection in the Industrial Bank of Korea (IBK) Sky Platform, and the Credit Guarantee Fund's Start-up NEST.
In December 2023, FUST LAB plans to participate in the Innovation Leaders Summit in Japan, Asia’s largest open innovation summit, to engage in activities for collaboration with major Japanese companies.
2023 SK ECO-PLANT ConTech Meet-Up Day Award
