WiseAITech Designated as an Excellent Company Research Institute Development Project Participant

Wise Aitek, a company specializing in artificial intelligence (AI) and big data, announced on the 7th that it has been designated as a new company under the Ministry of Trade, Industry and Energy's '2023 Excellent Enterprise Research Institute Development Project (ATC+).'

Wise Aitek received the new ATC+ company designation certificate and plaque at the '2023 Excellent Enterprise Research Institute Development Project (ATC+) Certificate Award Ceremony' held on the 5th at EL Tower in Seocho-gu, Seoul. ATC+ aims to support the enhancement of research and development (R&D) capabilities of research institutes affiliated with small and medium-sized enterprises and mid-sized companies, fostering corporate growth and nurturing companies as key players in industrial innovation.

Wise Aitek identified the need for a new metaverse service engine and immersive public service construction in public institutions and proposed the project titled 'Development of a Graph-Based Intelligent Metaverse Engine for Immersive Content Sharing Services.' Selected as a research project, it will receive R&D funding from the government for the next four years.

Goun San, head of Wise Aitek’s research institute, stated, "With the selection of this research project, we expect sales of over 7 billion KRW from the second to the fourth year of R&D. After product development and service launch, we anticipate expanding a solid position within the metaverse industry and generating an additional 20 billion KRW in sales over the following three years."

The 'Graph-Based Intelligent Metaverse Engine' developed by Wise Aitek utilizes a decentralized, open Web 3.0 architecture-based metaverse engine, enabling public institutions to economically and efficiently build independent and autonomous metaverse services.

The company expects effects such as ▲developing domestic metaverse network server technology to break dependence on overseas networks ▲establishing performance standards for 3D immersive web portals ▲and establishing an industrial division of labor system between immersive IT developers and 3D model designers.

Lee Je-dong, CEO of Wise Aitek, said, "Wise Aitek, having secured technology for building an independent and autonomous metaverse platform, has been selected for the Excellent Enterprise Research Institute Development Project," adding, "We will be able to play a leading role in the domestic metaverse-related industry."

He continued, "Along with successful R&D, we will strive to showcase metaverse service innovation through the convergence with our core AI and big data technologies."

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