The Ministry of SMEs and Startups announced on September 14 that it is seeking around 20 startups to tackle public service innovation projects using public data.
The targeted startups will work on 22 projects selected from 18 institutions that the ministry identified last month for collaboration with startups.
Selected startups will receive commercialization funding of up to 100 million won for technology validation (PoC) and prototype development through collaboration with public institutions. They will also have access to support for technology development projects, including startup growth technology development and public-private joint technology commercialization.
This initiative will involve both public institutions proposing projects that utilize publicly available data and startups suggesting projects that leverage undisclosed data from these institutions.
Proposed projects from public institutions include the development of population density indicators using artificial intelligence (AI) by the National Data Agency, automatic early detection of road ice using closed-circuit (CC) TV footage by the Korea Expressway Corporation, and a smart airport baggage delivery service utilizing real-time airport information from the Korea Airport Corporation.
Further details can be found on the K-Startup website under the 'Public Data Utilization Open Innovation' project recruitment announcement. The application period runs until October 6.
Jo Kyung-won, Director of Startup Policy at the Ministry of SMEs and Startups, stated, "Supporting startups in utilizing public data will promote the commercialization of innovative technologies and lay the groundwork for creating public services that citizens can feel. We will actively support the expansion of public data openness and open innovation, which are in high demand from businesses, to foster startup growth and ensure that these achievements lead to a surge in entrepreneurship."
* This article has been translated by AI.
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