MUIC resident will take part in the final round of the best business ideas contest in Korea

MUIC resident CUMULATIVE SERVICES LLC will take part in the final round of the best business ideas contest, announced within the framework of the 11th Korea-Central Asia Cooperation Forum. The annual event that addresses strengthening of friendly and business relations between countries will be held in Seoul from 6th till 7th  of November.


The best business ideas contest is focused on finding IT-products and solutions that are able to encourage the development of social sphere and entrepreneurship or significantly simplify the process of receiving any services for convenience of public.


CUMULATIVE SERVICES LLC Project addresses the second problem. At final round, director of the company Rustam Asimov will present a system of prompt delivery of mail.  


"Information and communication technologies have substantially expanded opportunities of voice communications, information exchange and radically changed the usual course of life:  the way we order taxi, do shopping, watch movies, study. However, there is a sphere that still waits for its revolution. The sphere is dispatch and delivery of mail, such as parcels, wrappers, documents packages. Whereas delivery service of “long distance level” engages all available achievements of transport technologies (such as air transport, automatic sorting facilities, complex information and analytical systems for supply chains optimization), “last mile” delivery looks almost as the one decades ago.  Postal worker leaves mail at the door, or a recipient is called to arrange delivery time. Our system will allow sending parcels not to a postal address, but to a certain person,” says Rustam Asimov.   


Final round program will not be limited to the presentation of projects and business ideas in Secretariat of Forum. Finalists will visit successful start-ups of Korea and meet founders of these companies. According to the organizers, this will strengthen business relations between business communities and promote greater sharing of best practices. 


Prize money (prizes from the Minister of Foreign Affairs of the Republic of Korea, the President of the Korean Foundation and the Head of the Secretariat of Korea-Central Asia Cooperation Forum Forum) and special prizes are provided for the contest participants.