Gwangju Chamber of Commerce Hosts New Industry Idea Competition... 6 Teams Awarded

[Asia Economy Honam Reporting Headquarters Reporter Park Jin-hyung] The Gwangju Chamber of Commerce and Industry announced on the 15th that it held the final stage of the 2021 AI Test-Bed Korea Competition at Shinhan Understand Avenue Art Stand and selected six award-winning teams.

The competition was planned under the theme of the convergence and commercialization ideas of AI technology with Gwangju's 11 strategic industries. Recently, awareness has spread that companies must take the lead in ESG management such as eco-friendliness, social responsibility management, and governance improvement to overcome the economic crisis and achieve sustainable development. At the same time, the necessity to foster future new industries based on AI has emerged.

According to the Gwangju Chamber of Commerce and Industry, this competition was promoted as part of the 2021 Gwangju Job Creation Innovation Project "Support for Promising Companies' Future Core Technology Convergence Package," supported by Gwangju Metropolitan City and the Gwangju Regional Employment and Labor Office. It was jointly hosted with the Gwangju Center for Creative Economy and Innovation, Gwangju Institute of Science and Technology, Korea Artificial Intelligence Association, and Gwangju-Jeonnam Regional Small and Medium Venture Business Administration.

The Gwangju Chamber of Commerce and Industry announced the competition on August 31, received ideas from about 30 teams, selected 20 teams through a mid-term evaluation, and held a build-up camp from November 4 to 5 to provide participating teams with opportunities to link their ideas to Gwangju's 11 strategic industry sectors.

The final stage was conducted through offline presentations and judging, and was broadcast live nationwide on YouTube, with 18 teams participating.

The judging panel, composed of AI experts and executives from new business promotion teams of large corporations, evaluated the teams mainly on business feasibility, implementability, technicality, and conformity to ESG indicators. As a result, six teams were selected: one team each for the Environment Award, Social Award, and Governance Award, and three teams for Excellence Awards.

The Environment Award, sponsored by the Mayor of Gwangju Metropolitan City, was awarded to the Big Wave AI team for their idea of an "AI-based Integrated Water Management Monitoring System."

The Social Award, sponsored by the Gwangju-Jeonnam Regional Small and Medium Venture Business Administration, was awarded to the Oden team for their idea of a "Big Data-based Marine Data Platform," and the Governance Award, sponsored by the Gwangju Regional Employment and Labor Office, was awarded to the Boltwin team for their idea of a "Digital Twin & AI-based Battery Diagnosis and Monitoring Solution."

The Excellence Awards, sponsored by the Gwangju Chamber of Commerce and Industry President, the Gwangju Center for Creative Economy and Innovation Director, and the Gwangju Institute of Science and Technology Applied Science Research Group Director, were awarded to three teams: the NetOn team for their idea of an "AI-based Real-time Quality Defect Detection Monitoring Platform," the SSOG team for their idea of a "Reasonable Food Recommendation and Shopping Platform through Price Analysis," and the Aibirtual team for their idea of a "Space Disinfection Robot, Alpharobot, for Establishing a Constant Disinfection System."

Meanwhile, the co-hosting organizations of this competition will award a total prize money of 30 million KRW, with 7 million KRW each to the three teams winning the Environment, Social, and Governance awards, and 3 million KRW each to the three teams winning the Excellence awards.

Choi Jong-man, full-time vice president of the Gwangju Chamber of Commerce and Industry, said, "We plan to hold a technology exchange and collaboration meeting at the end of November with the award-winning teams and promising companies participating in the Gwangju City AI Agreement to establish an AI-related technology exchange and collaboration system. We will also promote the project solidly in connection with next year's future core technology convergence-focused corporate support project."

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