Loads can change in a yr and a half. Just ask NaHyeon Lee, CEO of the groundbreaking pharmacy administration platform eBlue Channel. Eighteen months after a scarcity of funds had pushed eBlue Channel to the brink of closure, the startup was reborn as one of the crucial promising enterprise firms in South Korea’s Gyeongsangbuk-do Province.
When she established eBlue Channel in 2016, Lee’s greatest concern was her lack of expertise. Before beginning her startup, she was the proprietor of a “gukbap” (rice soup) restaurant, and later, a comfort retailer. Even with an excellent thought for streamlining the administration of pharmacies’ drug inventories, to not point out boundless ardour, for Lee, getting the enterprise off the bottom was an train in trial and error.
Facing growing bills and stagnant gross sales, the agency was almost on the verge of emptying its workplace when G-Star Dreamers, a Samsung C-lab Outside program run by the Gyeongbuk Center for Creative Economy & Innovation (CCEI), caught Lee’s eye. Created particularly to find and nurture startups, this system supplies promising companies with vital funding from each Gyeongsangbuk-do’s provincial authorities and Samsung.
Through its participation in this system, eBlue Channel obtained six months of one-on-one coaching with Samsung specialists, in addition to a yr of follow-up consultations masking all the pieces from software program growth to on-site and organizational administration. The program in the end enabled eBlue Channel to extend its buyer base by 15 occasions, and enhance its projected gross sales determine to KRW 1.four billion – 10 occasions larger than final yr.
Check out the video beneath to see how Samsung and CCEI helped a passionate entrepreneur make her sensible thought a actuality.
