The Startup Promotion Agency is enhancing its network between AI transformation (AX) technology startups and demand companies, including large, medium, and small enterprises, public institutions, and hospitals.
On June 10, the agency announced it hosted the 'Link-Up Four Domain AX Program Startup-Demand Company Meetup Day' in Seoul.
This event served as a collaborative platform to combine the AI capabilities of leading startups with the infrastructure of prominent domestic and international demand companies, facilitating the swift application of cutting-edge technology for demand companies and providing startups with opportunities for practical experience and market access. Over 150 participants, including selected demand companies and startups, attended the event.
This year, demand companies were selected through evaluations based on four key technology domains: manufacturing (robots, drones, automobiles, factories, ships), finance, content, and bio-health. A total of 47 companies applied, resulting in a competitive ratio of 1.6 to 1, with 27 companies ultimately selected (10 large enterprises, 7 medium enterprises, 1 small enterprise, 3 hospitals, and 6 public institutions). Additionally, 37 startups with AI technology were chosen after evaluations.
The event included a session on operational schedules, technology protection, and fair collaboration, followed by individual networking activities where demand companies and startups discussed collaboration directions and the proof of concept (PoC) methods for applying AX in industrial settings.
Earlier in April, the Startup Promotion Agency recruited demand companies for its open innovation program 'InnoWave,' which supports joint proof of concept and commercialization between leading startups and large, medium, and public sector companies.
Through this initiative, the agency aims to expand participation not only to leading startups but also to TIPS-selected companies, helping demand companies discover technology partners and increasing participation from public institutions and local governments to enhance the potential for proof of concept and public procurement connections using public infrastructure and services.
Yoo Jong-pil, head of the Startup Promotion Agency, stated, "This is a powerful opportunity for startups with unique technologies and demand companies willing to solve industry challenges to lead the AI transformation of core industries through collaboration. We will fully support the ambitious cooperation between these companies to achieve successful outcomes and enhance international competitiveness."
* This article has been translated by AI.
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