Raon People Selected as a "Promising Small and Medium Enterprise"... "Boosting Domestic and International AI Business"

[Asia Economy Reporter Hyunseok Yoo] AI specialist company Raonpeople announced on the 15th that it was recently selected as a ‘Promising Small and Medium Enterprise (SME)’ by Gyeonggi Province and the Gyeonggi Economic Science Promotion Agency.

Accordingly, Raonpeople will receive the Gyeonggi Province Promising SME plaque and certificate, as well as the right to use the certification mark. In addition, until 2025, it will receive incentives and benefits related to major projects such as preferential limits on export insurance and export credit guarantees provided by Gyeonggi Province and eight institutions, additional interest support and bonus points for SME development funds, bonus points when applying for SME support projects, and bonus points when applying for export enterprise intellectual property convergence development projects.

This year, Raonpeople is expanding its ‘Smart Factory’ related business, including AI inspection solutions for not only domestic companies but also global companies. As it also accelerates its ‘Smart Life’ business tailored to daily life sectors such as medical care, transportation, and agriculture and livestock, it is expected to gain momentum in both domestic and international AI solution businesses, as well as build a diverse business environment based on the benefits and support policies of Gyeonggi Province.

Meanwhile, the Gyeonggi Province Promising SME certification system is a program promoted to foster SMEs with high potential for economic revitalization and job creation within the province. Companies that received excellent evaluations in technological competitiveness, sustainable management capability, growth potential, quality, and innovation were selected.