Gwangju Artificial Intelligence Youth Association Signs Investment Promotion Agreement with Accentri Ventures

[Asia Economy Honam Reporting Headquarters Reporter Park Seon-gang] The Gwangju Artificial Intelligence Youth Association announced on the 25th that it signed a business agreement with global investment specialist company Accentree Ventures to promote investment in youth AI companies in the Gwangju area at the ‘1st Networking Day’ held at Gwangju i-Plex on the 23rd.

The Gwangju Artificial Intelligence Youth Association is a non-profit organization established in January this year to ▲strengthen the product and service competitiveness of youth companies in Gwangju through AI technology ▲improve Gwangju citizens’ awareness of AI technology and reduce psychological distance ▲protect the rights of companies and organizations utilizing AI technology in Gwangju.

Accentree Ventures is an accelerator specialized in nurturing Industry 4.0 unicorns. Following the London Level 39 Center, it consecutively opened the Busan Haeundae Marine City Acceleration Center in 2018 and the Gwangju i-Plex Gwangju Center last year.

The networking day was held in compliance with COVID-19 quarantine rules, attended by Kang Hye-rim, president of the Gwangju Artificial Intelligence Youth Association (CEO of Padiem Co., Ltd.) and representatives from a total of 16 companies, Kim Gwi-cheol, head of Accentree Ventures Gwangju Center, Son Gyeong-jong, director of the Gwangju Artificial Intelligence Industry Bureau, and Kim Gwang-ran, chairman of the City Council Green New Deal Special Committee.

The event proceeded in the order of introduction and vision declaration of the Gwangju Artificial Intelligence Youth Association, signing of the business agreement, introduction of participating companies and Accentree Ventures and investment policies, suggestions regarding Gwangju’s AI industry, and Q&A on investment policies.

The main contents of the agreement include ▲cooperation to foster the Gwangju AI industry and revitalize the investment environment ▲operation of consulting and accelerating programs for the association’s initial fundraising ▲participation in investment attraction strategies by the association and Accentree Ventures.

At the event, youth companies proposed ▲active support from Gwangju City and related organizations ▲practical financial support for early-stage founders from investors ▲active information sharing among association member companies ▲matching with local AI demand companies ▲support for showrooms to demonstrate produced products to citizens.

With this agreement, it is expected that the initial operating fund difficulties of local AI youth companies will be resolved and the investment environment improved.

Son Gyeong-jong, director of the Gwangju Artificial Intelligence Industry Bureau, said, “We will expand communication channels and actively support so that youth companies in various fields can actively participate in creating the AI industry ecosystem.”

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