Gwangju City (Mayor Kang Ki-jeong) invites corporations participating within the ‘AI (City) Product and Service Production and Commercialization Support’ to support the expansion of artificial intelligence (AI) corporations and participants within the ‘K-Digital Challenge: AI Startup Contest’ to revitalize AI start-ups. It was announced on the first that every will likely be recruited until the thirtieth.
This project was carried out as considered one of the projects to create a synthetic intelligence-centered industrial convergence complex promoted along with the Ministry of Science and ICT, the National IT Industry Promotion Agency, and the Artificial Intelligence Industry Convergence Project Group.
The AI product and repair production support project targets early-stage corporations nationwide lower than 7 years old that want to provide and commercialize AI prototypes and services. Roughly 52 tasks will likely be chosen, and a complete of three.9 billion won will likely be supported for prototype production costs, including 50 to 150 million won per task.
As well as, the AI product and repair commercialization support project selects about 15 tasks for early-stage corporations that wish to enhance the services and functions of existing AI products, and commercializes a complete of two.3 billion won, including 100 to 250 million won per task. Provide subsidies.
Corporations chosen for this project will receive additional support from the Artificial Intelligence Industry Convergence Business Group's startup support program. Corporations will receive support for moving in, startup education, participation in investment attraction briefings (IR), use of artificial intelligence data center services, and participation in international artificial intelligence conferences.
Gwangju also announced that it’s recruiting participants for the 'K-Digital Challenge: 2024 AI Startup Contest', which can provide a foundation for prospective AI entrepreneurs to start out their very own businesses.
Participants are prospective start-up teams of two or more individuals who can start a business through registration as a latest business or corporation. We plan to pick out the ultimate 10 teams by evaluating the technology and marketability of AI technology-based startup and commercialization plans. A complete of KRW 750 million, including as much as KRW 200 million, will likely be provided to chose start-up teams to support production of AI services.
The competition will select 25 teams through preliminary screening in early May, and the ultimate 10 teams will likely be chosen through final and final screening in June.
We will even promote programs to strengthen the start-up capabilities of prospective entrepreneurs, corresponding to matching participants with AI-demanding corporations and investors, start-up mentoring, and business model improvement consultation.
Prospective entrepreneurs who want to start out an AI business this 12 months or corporations who need to take part in the AI product/service production and commercialization support project can apply through the Artificial Intelligence Industry Convergence Business Group website (http://aica-gj.kr) until the thirtieth. You’ll be able to.
Kim Yong-seung, head of the Artificial Intelligence Industry Department, said, “Through this project, we’ll actively support capable corporations to understand their vision and produce creative ideas to reality,” adding, “We’ll lower the edge for developing artificial intelligence technology in order that anyone can use artificial intelligence.” “We’ll create an environment where it is simple to access and utilize.”
Reporter Lim Da-jun ydj@aitimes.com