Inno-Biz Association Forms AX Partnership with Microsoft

Strengthening Global Competitiveness of Inno-Biz Companies

The Inno-Biz Association (Korea Technology Innovation SMEs Association) announced on the 5th that it has signed a business agreement with Microsoft (MS) for the "AX (Artificial Intelligence Transformation) of Inno-Biz companies in domestic and overseas markets."

The Inno-Biz Association will use this opportunity to expand the scope of cooperation for artificial intelligence transformation (AX) for Inno-Biz companies throughout Asia.

The signing ceremony was held on this day at the Inno-Biz Association's main conference room in Pangyo, Gyeonggi Province, and was attended by Kwangchun Jung, President of the Inno-Biz Association, as well as Michele Marafese, Vice President overseeing the Small and Medium Business (SMB) division for Asia at Microsoft.

Michele Marapese, Vice President of Microsoft, and Kwangcheon Jung, President of the Innoviz Association, are taking a commemorative photo after signing a business agreement on the 5th. Innoviz Association

The two parties agreed to join forces to spread the successful domestic business model across Asia and to provide comprehensive support for the artificial intelligence transformation (AX) of Inno-Biz companies that have already entered overseas markets, taking into account that approximately 43% of Inno-Biz companies are already active in overseas markets. Specifically, they will cooperate on hosting global AX and educational seminars, distributing and expanding AI/software, and planning private-public partnership projects.

Michele Marafese, Vice President of Microsoft, stated, "We will actively collaborate so that Korea's outstanding technology-innovative SMEs can achieve even greater growth in the Asian market through Microsoft's innovative AI solutions."

Kwangchun Jung, President of the Inno-Biz Association, said, "We will continue to expand cooperation so that our companies can more easily adopt AI technology and lead the standards of the global market."

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