Food Tech Company Pamkit Selected for the Ministry of SMEs and Startups 'TIPS' Program

CES 2025 Participation
Targeting the Global Market

Food tech artificial intelligence (AI) solution company Farmkit announced on the 7th that it has been finally selected for TIPS, a technology startup investment program by the Ministry of SMEs and Startups.

Farmkit was recognized for both its technological capabilities and marketability through ‘FoodQ,’ an independently developed AI technology for online food sales shopping malls. FoodQ provides customized AI product recommendations and personalized marketing strategies based on customers' preferred taste data.

The TIPS program is a representative technology startup support project by the Ministry of SMEs and Startups that supports early-stage startups by collaborating with private operators to discover and nurture startups with excellent technological capabilities. Farmkit was selected for the TIPS program by participating in the Next Elevation and CNT Tech accelerating programs, and through TIPS support, it plans to accelerate technology advancement as well as global market expansion and network building.

Farmkit is recently establishing its foundation in overseas markets by entering the global shopping platform Shopify. Through this, the value of the FoodQ solution is being recognized not only domestically but also internationally. It will also participate in CES 2025, the world's largest electronics and IT exhibition held in Las Vegas, USA.

Yang Sunheung, CEO of Farmkit, said, “Through the TIPS program, we will further advance Farmkit’s technological capabilities and achieve greater results in domestic and international markets,” adding, “We will realize our mission of creating a delicious and healthy lifestyle through technology and establish ourselves as a leading global food tech company.”