The 'CNT Tech-DB Dream Big' investment fund formed by CNT Tech and DB Capital has made a seed investment in Purom Co., Ltd., a green venture company specializing in developing eco-friendly materials. The specific investment amount is undisclosed.
Purom is a venture company certified as an excellent technology company, and is a faculty-founded company established by Professor Lee Young-cheol of the Department of Bio-Nano at Gachon University, who has been developing eco-friendly materials for over 20 years.
Purom’s main products, Purom Radon Free and Purom Radon Coat, are eco-friendly coating paints that improve indoor air quality by blocking not only various harmful substances (TVOC, sick house syndrome, cement poison, etc.) emitted from concrete building materials but also radon, a class 1 radioactive carcinogen. The company explains that it is an all-in-one coating agent with a unique radon blocking function based on nano-fusion new technology and has antibacterial, antifungal, and quasi-fire retardant functions, helping create a healthy living environment.
This investment was made to ensure Purom’s continued growth and expansion, and CNT Tech-DB Dream Big plans to actively support Purom’s expansion of its radon shielding coating paint and eco-friendly materials business.
Purom CEO Lee Young-cheol said, “Through our collaboration with the CNT Tech-DB Dream Big investment association, we aim to enable many people to enjoy safe indoor air quality and a pleasant life free from harmful substances such as radon through our products.” He added, “We plan to continue to develop eco-friendly materials, expand our product lineup, and further grow the company through overseas expansion.”
Q. What strategy did you pursue to attract this investment?
With the CEO’s rich experience and technical skills in researching eco-friendly materials for over 20 years, we developed and launched a new product that did not exist before by applying nano-fusion technology, and we continuously participated in accelerating programs and mentoring for corporate growth, demonstrating the necessity and excellence of our technology and products. After successfully attracting this seed investment, we plan to connect it to attracting follow-up investment by participating in startup growth technology development.
Q. What are your plans for using the investment?
We plan to pursue corporate growth by building a team to strengthen human resources capabilities and scaling up the company’s R&D and business capabilities, preempting the eco-friendly paint market, expanding domestic sales channels, and preparing for overseas expansion.
Q. What made you choose this business area?
Most people living in modern times spend most of their daily lives indoors. More than half of these spaces, including work environments, residential/leisure/cultural environments, and even medical facilities, are made of concrete, which releases various hazardous substances such as radon, a class 1 carcinogen, TVOC, and cement toxins, which can cause serious damage to the human body when exposed for a long period of time.
To solve these problems, various eco-friendly paints and radon reduction paints have been released, but the reality is that they are not effective enough or the fundamental cause is not solved due to the loss of reduction effect when the absorption capacity is saturated. Accordingly, our company came up with the idea of solving the cause by blocking substances such as membranes from entering indoors rather than absorbing and reducing the generated hazardous substances, and decided to develop an eco-friendly all-in-one coating paint and enter the eco-friendly paint market beyond the radon paint market.
Q. What are your company’s short-term goals and ultimate vision?
In the short term, we are preparing to enter the public market based on the registration of venture startup innovation procurement products. Furthermore, we plan to proceed with the registration process for innovative procurement products or excellent procurement products to enter the public market in earnest and expand our business area to the private market based on this. For overseas markets, we plan to visualize our global expansion by conducting market research and collaborating with local companies to sign MOUs targeting the Middle East and Southeast Asia.
Under the mission of creating a clean living space where everyone can breathe with peace of mind, we are moving forward with the ultimate vision of contributing to society by promoting national health through improving indoor air quality and growing together with the local community by providing scholarships to local universities and creating jobs as a teacher-run business.
Q. What would you like to say to startups in related fields or those preparing to start a business?
If you have endless challenges and efforts, opportunities to grow step by step will come at any time. If you catch these well and create a foundation for growth, you will be able to bear fruit.
Source: Invest News | invest(https://www.investnews.co.kr)
▶︎ Read the Full Article
The 'CNT Tech-DB Dream Big' investment fund formed by CNT Tech and DB Capital has made a seed investment in Purom Co., Ltd., a green venture company specializing in developing eco-friendly materials. The specific investment amount is undisclosed.
Purom is a venture company certified as an excellent technology company, and is a faculty-founded company established by Professor Lee Young-cheol of the Department of Bio-Nano at Gachon University, who has been developing eco-friendly materials for over 20 years.
Purom’s main products, Purom Radon Free and Purom Radon Coat, are eco-friendly coating paints that improve indoor air quality by blocking not only various harmful substances (TVOC, sick house syndrome, cement poison, etc.) emitted from concrete building materials but also radon, a class 1 radioactive carcinogen. The company explains that it is an all-in-one coating agent with a unique radon blocking function based on nano-fusion new technology and has antibacterial, antifungal, and quasi-fire retardant functions, helping create a healthy living environment.
This investment was made to ensure Purom’s continued growth and expansion, and CNT Tech-DB Dream Big plans to actively support Purom’s expansion of its radon shielding coating paint and eco-friendly materials business.
Purom CEO Lee Young-cheol said, “Through our collaboration with the CNT Tech-DB Dream Big investment association, we aim to enable many people to enjoy safe indoor air quality and a pleasant life free from harmful substances such as radon through our products.” He added, “We plan to continue to develop eco-friendly materials, expand our product lineup, and further grow the company through overseas expansion.”
Q. What strategy did you pursue to attract this investment?
With the CEO’s rich experience and technical skills in researching eco-friendly materials for over 20 years, we developed and launched a new product that did not exist before by applying nano-fusion technology, and we continuously participated in accelerating programs and mentoring for corporate growth, demonstrating the necessity and excellence of our technology and products. After successfully attracting this seed investment, we plan to connect it to attracting follow-up investment by participating in startup growth technology development.
Q. What are your plans for using the investment?
We plan to pursue corporate growth by building a team to strengthen human resources capabilities and scaling up the company’s R&D and business capabilities, preempting the eco-friendly paint market, expanding domestic sales channels, and preparing for overseas expansion.
Q. What made you choose this business area?
Most people living in modern times spend most of their daily lives indoors. More than half of these spaces, including work environments, residential/leisure/cultural environments, and even medical facilities, are made of concrete, which releases various hazardous substances such as radon, a class 1 carcinogen, TVOC, and cement toxins, which can cause serious damage to the human body when exposed for a long period of time.
To solve these problems, various eco-friendly paints and radon reduction paints have been released, but the reality is that they are not effective enough or the fundamental cause is not solved due to the loss of reduction effect when the absorption capacity is saturated. Accordingly, our company came up with the idea of solving the cause by blocking substances such as membranes from entering indoors rather than absorbing and reducing the generated hazardous substances, and decided to develop an eco-friendly all-in-one coating paint and enter the eco-friendly paint market beyond the radon paint market.
Q. What are your company’s short-term goals and ultimate vision?
In the short term, we are preparing to enter the public market based on the registration of venture startup innovation procurement products. Furthermore, we plan to proceed with the registration process for innovative procurement products or excellent procurement products to enter the public market in earnest and expand our business area to the private market based on this. For overseas markets, we plan to visualize our global expansion by conducting market research and collaborating with local companies to sign MOUs targeting the Middle East and Southeast Asia.
Under the mission of creating a clean living space where everyone can breathe with peace of mind, we are moving forward with the ultimate vision of contributing to society by promoting national health through improving indoor air quality and growing together with the local community by providing scholarships to local universities and creating jobs as a teacher-run business.
Q. What would you like to say to startups in related fields or those preparing to start a business?
If you have endless challenges and efforts, opportunities to grow step by step will come at any time. If you catch these well and create a foundation for growth, you will be able to bear fruit.
Source: Invest News | invest(https://www.investnews.co.kr)
▶︎ Read the Full Article