KOSA and Korea Venture Investment Join Forces to Strengthen AI, SW Investment Links
TECHWORLD ·
✦ AI Summary
KOSA and Korea Venture Investment signed an MOU on the 8th at KVIC headquarters in Seocho-gu, Seoul, to cooperate in supporting AI and SW companies.
The two organizations agreed to work together to strengthen investment attraction, proof-of-concept support, and overseas expansion support.
They also plan joint IR and investor consultation sessions, exchange channels, and the use of overseas venture capital, AI, and deep tech networks.
The Korea Association of Artificial Intelligence and Software Industry (KOSA) and Korea Venture Investment (KVIC) announced on the 8th that they have launched cooperation to support AI and software (SW) companies at KVIC headquarters in Seocho-gu, Seoul. The two organizations signed a memorandum of understanding (MOU) to support the growth ecosystem of promising AI and SW companies, and agreed to cooperate to strengthen their ability to attract investment, bolster proof-of-concept support, and expand overseas market entry support.
The core of the agreement is to connect KOSA's industry and technology network with Korea Venture Investment's venture fund investment network. Through this, the two organizations aimed to expand investment touchpoints for small and medium-sized enterprises and venture companies.
Under the agreement, the two organizations will promote joint IR sessions and investor consultation meetings in which promising AI and SW companies and fund-of-funds subfund managers participate together. They also agreed to set up exchange channels between the KOSA AI+X investors council and subfund managers, the KOSA super-large AI promotion council and subfund managers, and the KOSA SaaS promotion council and subfund managers.
Based on a plan to connect investment with technology and market demand in industrial settings, the agreement aims to expand cooperation between companies demanding AX and AI and SW suppliers. It also seeks to promote the sharing of public proof-of-concept cases for domestic AI technologies across industry, and to advance measures to broaden business opportunities through such sharing.
In addition, the agreement includes cooperation on supporting global expansion. The two organizations plan to leverage overseas venture capital, AI, and deep tech networks, and they will also push ahead with support for domestic AI and SW companies in attracting overseas investment and entering foreign markets.
KOSA launched the AI+X investors council in February with Korea Institute of Science and Technology Holdings and K-Ground Ventures. KOSA has continued to expand links between AI companies and investors through the AI+X investors council, and under the new agreement it plans to broaden the scope of support from investment links to proof-of-concept support and global expansion.
KOSA Chairman Cho Jun-hee said that AI and SW companies need timely investment and market opportunities to grow. He also said the association plans to combine its industry network with Korea Venture Investment's investment capabilities, and expressed its determination to establish a growth path linking company discovery, investment, proof-of-concept, and global expansion.
Source: TECHWORLD · Kim Seung-gi
Original: https://www.epnc.co.kr/news/articleView.html?idxno=407962
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Source: TECHWORLD
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