SMEs Ministry's 'AI Supergap Challenge' Bears Fruit... Collaboration Results with Major Corporations Announced

Ministry of SMEs and Startups Hosts Performance Presentation for 19 Startups
Validation in Four Key Deep-Tech Fields Including Autonomous Driving and Drones
Outstanding Technologies to Be Integrated into Products of Major Corporations

The Ministry of SMEs and Startups announced on November 5 that it held the 'AI Supergap Challenge Performance Presentation' at the Conrad Hotel in Yeongdeungpo-gu, Seoul.

The AI Supergap Challenge is a project that the Ministry of SMEs and Startups has been jointly promoting with global conglomerates such as LG Electronics and Qualcomm since February this year. Last year, the Ministry and LG Electronics launched the 'On-Device Challenge,' which involved integrating innovative solutions from AI startups into smart devices such as laptops. Outstanding collaborative technologies from this initiative were supported for integration into LG Electronics products, achieving tangible results.

No Yongseok, Vice Minister of the Ministry of SMEs and Startups, is delivering a greeting at the 'AI Super Gap Challenge Performance Presentation' held on the 5th at the Grand Ballroom of Conrad Hotel in Yeongdeungpo-gu, Seoul. Ministry of SMEs and Startups

This year, Qualcomm has newly joined the initiative, and the 'Vertical AI Challenge' is also being pursued. This program supports collaboration between deep-tech SMEs and startups and global corporations in four fields, including autonomous driving and drones, where demand has been confirmed through global market validation.

The event was organized to showcase the achievements of 19 AI startups selected through an open call in February, present commercialization plans for outstanding projects, and spread the accomplishments of innovative AI startups through a technology exhibition.

The technologies of three companies-Hudson AI, Cleon, and Mindforge-that were selected as the final outstanding projects at this performance presentation will receive joint commercialization support, including further collaboration with LG Electronics and Qualcomm. This support aims to integrate their technologies into smart home appliances and secure additional revenue for AI startups.

No Yongseok, First Vice Minister of the Ministry of SMEs and Startups, said, "The Ministry plans to expand the AI Supergap Challenge, which is essential for the growth and global expansion of AI startups, into various fields and gradually increase the participation of partner conglomerates."