PRWeb has recently published an article describing SparkLabs IoT program, which is opening its doors on November 16th, 2016 with the support of South Korea’s President Park’s innovation center inititiave, Songdo International Business District, Cisco Innovation Center in Songdo, Syntrend in Taipei, and other partners.

Alex Namkung, Director of SparkLabs’ new IoT program explained, “It took a lot of coordination and some patience to work with the various entities involved, but I’m excited that we are ready to launch. The SparkLabs IOT Program represents an unprecedented opportunity where IoT startups can test and deploy in the world’s first smart city, in the world’s most connected country.”

The program will run from November 16th to April 19th and each company will receive up to $50,000 in investment along with free office space and numerous perks. The early entrants into the program reflect the wide range of technologies related to the Internet of Things and smart cities. There are some consumer hardware startups, but the majority are related to building more intelligent cities, improving industrial operations and applying cutting edge technologies, such as computer vision and artificial intelligence, to enterprises.

“I’m excited to be supporting the new innovations and companies that go through our IoT program. I know first-hand that startup life is not easy, so hopefully our guidance can make their path less difficult,” said Charles Huang, Venture Partner and former COO of Leeo & Co-founder of Red Octane/Guitar Hero.

Read more at PRWeb.