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TMCNet:  SK Telecom Accepts Applications to Meet With Emerging Technology Companies at New Innovation Accelerator in Sunnyvale

[March 31, 2014]

SK Telecom Accepts Applications to Meet With Emerging Technology Companies at New Innovation Accelerator in Sunnyvale

SUNNYVALE, Calif. --(Business Wire)--

SK Telecom (News - Alert) Americas will host an open house reception of their new Innovation Accelerator in Sunnyvale on April 24, 2014. The Accelerator pairs entrepreneurs with Strategic Partners and provides up to $1 million in combined funding, services and facilities.

Shortly before the open house at the innovation center, the technology giant will be accepting applications to meet 1-on-1 with emerging companies through a program called MarketLink. Executives from SK Telecom, Korea's largest wireless operator and global technology leader, will come to Sunnyvale to hear presentations from startup companies that hope to do business with the wireless technology giant.

MarketLink, a program created by San Diego technology association CommNexus, aims to bring together and provide partnership opportunities for small and multi-national technology companies from around the globe.

Technology startups have already begun signing up to pitch their businesses and technologies to SK Telecom. Under the MarketLink program, SK Telecom will choose about a dozen companies from the list of applicants. Those firms will meet face to face with executives to pich their ideas and products in a one-hour meeting.


CommNexus has been running MarketLink programs for nine years, with some of the world's most important companies participating. The list includes Motorola, Sony Electronics, LG, Samsung, ZTE (News - Alert), Huawei, AT&T and Verizon Wireless.

"In past programs, about 30 percent of MarketLink finalists continue discussions beyond the program, and many engage formally with the large multi-national company," says CommNexus CEO, Rory Moore.

The deadline for submitting applications ends Friday, April 18th. The pitches will be on May 13-14th at the new SK Telecom Innovation Accelerator. For more information or to apply to MarketLink, contact the CommNexus MarketLink program manager, Carolyn Liikala at 858-768-5054 or cliikala@commnexus.org or Innopartners@skta.com.

ABOUT COMMNEXUS

CommNexus is a non-profit technology industry association that works to accelerate the formation, growth and success of the technology industry in the region. We deliver value to the technology industry through content-driven programs that provide access to capital, talent and business development.

ABOUT SK TELECOM

SK Telecom Americas is the business development and venture capital arm of SK Telecom, Korea's largest wireless operator and a global technology leader, and has worked with some of the brightest minds in VC and angel investing - and some of the biggest technology companies in Silicon Valley - to design a novel and new funding model.

SKTA Innovation Accelerator seeds and accelerates core technology startups to create and manage the essential data center. The Innovation Accelerator matches entrepreneurs with industry leading strategic partners and provides initial funding up to $1M as a combination of working capital, state-of-the-art facilities, development tools and professional services (e.g. legal and financial). Entrepreneurs concentrate on developing their technologies, while strategic partners and venture capitalists access lower-risk investment opportunities and shorter time-to-money horizons.


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