SparkLabs, Daewoo E&C Vina & Bespinto Build Smart City in Vietnam
SparkLabs Korea signed a strategic partnership with Daewoo E&C Vina and Bespin Global to collectively build a smart city platform in Vietnam. Daewoo E&C is a leading construction company in South Korea and Bespin Global is the first East Asian company to be positioned in Gartner Magic Quadrant for Public Cloud Infrastructure Professional and Managed Services for four consecutive years. The company supports all major public cloud platforms and offers cloud managed service globally through its proprietary platform, OpsNow.
The three companies plan to build and operate a smart city-integrated management platform to utilize data generated from Daewoo E&C’s Vietnam smart city and smart construction effort. Additionally, they plan to introduce and implement open innovation to discover, invest, and nurture technology startups to be introduced into ASEAN countries with a primary focus on Vietnam.
Daewoo E&C's smart city initiative is seeking to solve urban problems caused by rapid urbanization following Vietnam’s economic growth, and to improve the efficiency of urban infrastructure operations and management. Through this partnership, Daewoo E&C plans to build a core smart city data-management system for a new city project in Vietnam and build an integrated city platform to accelerate the development and commercialization of smart city element technologies.
Bespin Global supports Daewoo E&C’s Vietnam smart city platform and strategies. Specifically, it plans to attract R&D and innovation centers, which are essential elements of a smart city platform, and build and support a smart city development platform and cloud infrastructure.
SparkLabs Group is a network of startup accelerators and venture capital funds that has invested in over 300 startups across 6 continents since 2013. SparkLabs Korea is the leading accelerator in South Korea along with SparkLabs Taipei in Taiwan and SparkLabs Cultiv8 in Australia respectively. SparkLabs Global Ventures is an early-stage fund that primarily invests in the U.S., SparkLabs Ventures is an early-stage for South Korea and SE Asia, and SparkLabs Global Capital is a late-stage vehicle.