Global Startup Academy Opens to Intensively Foster World-Class AI Startups

Global Companies and Startup Planners Nurture 60 AI Startup Teams

Park Young-sun, Minister of SMEs and Startups, is delivering a greeting at the 'K-Unicorn Project Selected Companies Meeting' held on the 10th at Tipstown in Gangnam-gu, Seoul. Photo by Kang Jin-hyung aymsdream@

[Asia Economy Reporter Kim Heeyoon] The Global Startup Academy has opened to focus on nurturing global artificial intelligence (AI) startups.

The Ministry of SMEs and Startups announced on the 19th that it held the opening ceremony of the Global Startup Academy at Sparkplus in Gangnam-gu, Seoul.

The Global Startup Academy is a newly established AI startup intensive nurturing program this year in response to the rapid growth of the global AI market.

Four global companies?NVIDIA, Microsoft, Amazon, and Intel?and four startup accelerators including Plug and Play participate in this program to provide AI education and incubation.

First, the four global companies including Microsoft will provide AI-related education reflecting their unique characteristics. The startup accelerators will be stationed at the Global Startup Academy to support the growth of startup teams. The education will be conducted sequentially from August to November.

The Ministry of SMEs and Startups selected 60 teams to enter the Global Startup Academy through evaluation. The selected teams will receive up to 50 million KRW in commercialization funds and be provided with office space within the Global Startup Academy.

Park Young-sun, Minister of SMEs and Startups, said, "We will nurture global artificial intelligence (AI) companies that will lead the smart Korea digital economy era at the Global Startup Academy."

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