Ministry of SMEs and Startups to Strengthen Open Innovation for Innovative AI Startups Leading AX

Han Sung-sook Leads the "AI Startup Roundtable"

On October 1, the Ministry of SMEs and Startups announced that it had visited RYUTEN Technologies, an artificial intelligence (AI) startup, and held the "AI Startup Roundtable." This roundtable was organized to discuss strengthening open innovation support for AI startups in four key domains, including manufacturing, together with promising AI startup leaders.

The event began with a presentation on "Global AX Technology Trends" by Choi Jaesik, CEO of INEEZY and a member of the Industrial AX Subcommittee of the National AI Strategy Committee. This was followed by demonstrations of "AI Agent Technology for Small Business Owners" by RYUTEN Technologies and "Healthcare Solution Technology Using AI Trained on Medical Data such as X-rays" by VUNO. There was also a session addressing difficulties and suggestions regarding the "Domain AI Startup Support Policy."

AI startup leaders attending the roundtable mainly suggested that the Ministry of SMEs and Startups should strengthen open innovation by facilitating customized matching and collaboration between demand companies, such as large corporations, and AI startups based on value chains in fields like manufacturing and biotechnology. They asked the ministry to play a role in helping AI startups verify AX technology, generate results, and expand their market access.

Going forward, the Ministry of SMEs and Startups plans to foster AI startups in four major domains-manufacturing, bio-health, content, and finance-by identifying AI demand organizations, including large corporations, optimized for each domain's value chain, and by strengthening open innovation that supports collaboration with AI startups.

Han Sung-sook, Minister of SMEs and Startups, stated, "AI is a key means to drive industrial structure and corporate innovation, as well as to improve quality of life. At the center of this are AI startups, which create innovation and open up new possibilities based on unprecedented ideas." She added, "The Ministry of SMEs and Startups will actively support a variety of policy tools focused on open innovation and demand organizations in each field to foster innovative AI startups that will lead the great AI transformation of key industries, companies, and small business owners."

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