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		<title>Center for Creative Economy &amp; Innovation &#8211; Samsung Global Newsroom</title>
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            <title>Center for Creative Economy &amp; Innovation &#8211; Samsung Global Newsroom</title>
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				<title>[Video] How Samsung Helped a Promising Startup Find New Life</title>
				<link>https://news.samsung.com/global/video-how-samsung-helped-a-promising-startup-find-new-life</link>
				<pubDate>Fri, 19 Jun 2020 10:28:58 +0000</pubDate>
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						<category><![CDATA[CSR]]></category>
		<category><![CDATA[People & Culture]]></category>
		<category><![CDATA[CCEI]]></category>
		<category><![CDATA[Center for Creative Economy & Innovation]]></category>
		<category><![CDATA[eBlue Channel]]></category>
		<category><![CDATA[G-Star Dreamers]]></category>
		<category><![CDATA[Gyeongbuk Center for Creative Economy & Innovation]]></category>
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									<description><![CDATA[A lot can change in a year and a half. Just ask NaHyeon Lee, CEO of the groundbreaking pharmacy management platform eBlue Channel. Eighteen months after a shortage of funds had pushed eBlue Channel to the brink of closure, the startup was reborn as one of the most promising venture companies in South Korea’s Gyeongsangbuk-do […]]]></description>
																<content:encoded><![CDATA[<p>A lot can change in a year and a half. Just ask NaHyeon Lee, CEO of the groundbreaking pharmacy management platform eBlue Channel. Eighteen months after a shortage of funds had pushed eBlue Channel to the brink of closure, the startup was reborn as one of the most promising venture companies in South Korea’s Gyeongsangbuk-do Province.</p>
<p>When she established eBlue Channel in 2016, Lee’s biggest concern was her lack of experience. Before starting her startup, she was the owner of a “gukbap” (rice soup) restaurant, and later, a convenience store. Even with a brilliant idea for streamlining the management of pharmacies’ drug inventories, not to mention boundless passion, for Lee, getting the business off the ground was an exercise in trial and error.</p>
<p>Facing increasing expenses and stagnant sales, the firm was nearly on the verge of emptying its office 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 specifically to discover and nurture startups, the program provides promising businesses with necessary funding from both Gyeongsangbuk-do’s provincial government and Samsung.</p>
<p>Through its participation in the program, eBlue Channel received six months of one-on-one training with Samsung experts, as well as a year of follow-up consultations covering everything from software development to on-site and organizational management. The program ultimately enabled eBlue Channel to increase its customer base by 15 times, and boost its projected sales figure to KRW 1.4 billion – 10 times higher than last year.</p>
<p>Check out the video below to see how Samsung and CCEI helped a passionate entrepreneur make her brilliant idea a reality.</p>
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