Gwangju Institute of Science and Technology (GIST, President Lim Ki-chul) announced that the Paresia team within the Department of Convergence Technology’s Interdisciplinary Department of Professor Kim Kyung-joong’s laboratory and the Assist team within the Department of Professor Ryu Je-ha’s laboratory won the Excellence Award and Encouragement Award, respectively, on the ‘K-Digital Challenge: AI Startup Entrepreneurship Competition.’
The Paresia team, consisting of Joo Ho-taek, a Ph.D. student on the Convergence Technology Institute, and Lee Seong-ha, a combined master’s and doctoral student on the AI Graduate School, won the Excellence Award on this competition, where 64 prospective entrepreneur teams participated, through the preliminaries, important rounds, and finals, and received a complete of 70 million won in commercialization support funds.
The Paresia team presented a startup item by applying the unreal intelligence (AI) image generation research being conducted on the ‘Cognitive and Intelligence Lab (Supervisor: Professor Kyung-Joong Kim)’.
The startup item they proposed, a premium video beauty conversion service for prospective brides and grooms, received high scores in recognition of its differentiation from other competitors, marketability, technology, business model, and the capabilities of the startup team.
As first authors, the Paresia team has published top conference papers within the AI field and top 10% SCI papers, won awards in various AI competitions, and applied for varied patents.
Joo-Sung Park and Jun-Ho Kim, undergraduate students within the Department of Electrical, Electronic and Computer Engineering, and Sang-Lee Lee, PhD student within the Institute of Convergence Technology, formed an assist team and received an encouragement award and 35 million won in commercialization support funds.
The ‘Assist’ team applied the AI traffic accident prediction research conducted on the ‘Robot Artificial Intelligence Reinforcement Learning Lab (Supervisor: Professor Ryu Je-ha)’ and proposed an AI-based objective traffic accident report automatic production solution as a startup item.
Particularly, student Park Ju-seong participated as a co-author of 4 papers related to traffic accidents despite being an undergraduate student.
Meanwhile, the Paresia team and the Assist team signed an agreement with the Artificial Intelligence Industry Convergence Business Group on July 10 to advertise the AI startup startup competition AI prototype and repair production support project.
PhD candidate Joo Ho-taek, representing the Paresia team, said, “This competition helped us to complement the shortcomings of our business model and make the AI startup items we’ve got been occupied with within the lab a reality,” and added, “We plan to put the muse for fulfillment as an AI startup in the longer term.”
Park Joo-seong, a bachelor’s degree student on the assist team, said, “I feel we were capable of achieve good results by making up for our shortcomings through feedback we received from various startup-related competitions.”
Meanwhile, the ‘K-Digital Challenge: AI Startup Entrepreneurship Competition’ was held as a part of the AI-centered industrial convergence complex development project jointly promoted by the Ministry of Science and ICT, Gwangju City, National IT Industry Promotion Agency, and Artificial Intelligence Industry Convergence Business Group. The ultimate round and awards ceremony of the AI Startup Entrepreneurship Competition were held on June twentieth and twenty first in Hall A on the first floor of COEX in Seoul.
Reporter Im Dae-jun ydj@aitimes.com
