Gas Gong, 2nd Big Data and Artificial Intelligence Startup Competition

Exterior view of the Korea Gas Corporation headquarters building. (Photo by Korea Gas Corporation)

[Asia Economy Reporter Moon Chaeseok] Korea Gas Corporation announced on the 27th that it will hold the 2nd Big Data and Artificial Intelligence Startup Competition.

The purpose is to discover and nurture technology-driven startups, match excellent startups with local companies, and create an innovation cluster.

This year's competition theme is "Developing algorithms that can improve equipment efficiency and safety using Gas Corporation operational data."

Big data and AI startups (within 7 years of establishment, registered as a business after July 1, 2013) and prospective entrepreneurs are eligible to participate.

The total prize money is 50 million KRW.

Applications are accepted until the 13th of next month. After reviewing development plans and other required documents, 40 teams will be selected for the preliminary round.

Detailed information can be found on the corporation's website or the official competition website.

The corporation will hold an explanatory session about the competition at Dongja Art Hall in Seoul on the 29th.

The corporation will provide opportunities for on-site algorithm verification to the excellent startups selected in this competition and support commercialization matching with companies in the Daegu region.

A corporation official said, "In line with government policies for creating a startup-friendly ecosystem, digital new deal, and revitalizing the data economy, Korea Gas Corporation will do its best to discover excellent startups and promote mutual growth between SMEs and startups in the Daegu region."

This content was produced with the assistance of AI translation services.