KOSA, Korea Venture Investment Join Forces to Support Investment Ecosystem for Promising AI and SW Companies
IT DAILY ·
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The Korea Artificial Intelligence and Software Industry Association (KOSA) and Korea Venture Investment (KVIC) signed a memorandum of understanding (MOU) to support the growth ecosystem for promising AI and SW companies.
The two organizations agreed to link their industry, technology, and investment networks to help small and venture companies attract investment and grow.
The agreement includes joint investment briefings (IR) and investment consultation sessions, the establishment of an information exchange pipeline, the spread of AX and public proof-of-concept cases, and support for overseas expansion.
The Korea Artificial Intelligence and Software Industry Association (KOSA) and Korea Venture Investment (KVIC) signed a memorandum of understanding (MOU) aimed at supporting the growth ecosystem of promising AI and SW companies. The agreement was signed on the 8th at KVIC headquarters in Seocho-gu, Seoul, and the photo shows Lee Dae-hee, CEO of Korea Venture Investment, and Cho Jun-hee, KOSA chairman.
The agreement was promoted to link KOSA's AI and SW industry and technology network with Korea Venture Investment's fund-of-funds investment network. The two organizations agreed to cooperate in connecting the industry, technology, and investment networks they each possess.
The target of support is small and venture companies that have innovative technologies but lack access to funding and investment opportunities. The two organizations plan to help these companies attract investment in a timely manner and grow.
The agreement includes expanding the AI and SW investment support ecosystem, establishing an information exchange pipeline that connects AI and SW technology and market demand with investment, linking the spread of AI transformation (AX) and AI technology proof-of-concept cases, and supporting the global expansion of AI and SW companies.
The two organizations will promote joint investment briefings (IR) and investment consultation sessions linked with fund-of-funds managers for promising AI and SW companies, including KOSA member companies. They also plan to establish channels of exchange between industry-specific councils such as the AI+X Investors Council, the Mega-Scale AI Promotion Council, and the SaaS Promotion Council under KOSA, and fund-of-funds managers, creating a route through which technology and market demand from the industrial field can lead to investment.
The two organizations will identify cooperation and proof-of-concept cases between AX-promoting demand companies and AI and SW supply companies, and share public proof-of-concept cases for domestic AI technologies with the industry. Through this, they aim to expand opportunities for technology use and commercialization.
They will also cooperate to support companies' overseas expansion and investment attraction by leveraging overseas venture capital and AI and deep-tech networks. The two organizations seek to broaden opportunities for technology use, commercialization, and overseas expansion by jointly promoting cooperation between demand and supply companies, sharing public proof-of-concept cases, and supporting the use of overseas networks.
KOSA is a statutory organization established under the Framework Act on Artificial Intelligence and the Software Promotion Act, with about 15,000 member companies. KOSA supports the growth of the AI and SW industries and the spread of AX. In February, KOSA, Korea Technology Holdings, and K-Ground Ventures launched the AI+X Investors Council, which aims to strengthen the council's role as a link between AI companies and the investment ecosystem. Participation by AX demand companies from traditional industries such as manufacturing is also increasing.
KOSA Chairman Cho Jun-hee said that for AI and SW companies to grow, timely investment and market opportunities must accompany technological capabilities. He added that through this agreement, the association will link its industry network with Korea Venture Investment's investment capabilities and promote the creation of a growth path that leads from company discovery to investment, proof-of-concept, and global expansion.
In September, KOSA began a study titled 'Research on Building an Agentic AI Ecosystem and Identifying Policy Support Tasks.' The study is being carried out with support from the Ministry of Science and ICT and the National Information Society Agency (NIA).
Source: IT DAILY · Yang Seung-gap
Original: https://www.itdaily.kr/news/articleView.html?idxno=242101
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Source: IT DAILY
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