Science ministry picks 10 AI, digital startups to back global growth

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Science ministry picks 10 AI, digital startups to back global growth - Korea Economic Daily

Quick Summary:

South Korea’s Ministry of Science and ICT on Thursday announced that it has selected 10 startups founded by Koreans in a program to support their global expansion in the AI and digital services spaceThe 10 companies include crowdsourcing translation platform Flitto Inc.; AI food scanner developer Nuvilab Inc.; fabless chip designer FuriosaAI lnc.; AI-based human resource management service startup Mckinley Rice; and digital health technology firm Exosystems.

The list also includes machine learning solution developer Vessl AI; customized sleep device startup TheSleepFactory; AI-based fintech platform Quantit; AI-powered diagnostic solution developer Stratio; and fashion advisory chatbot Designovel.

Under the initiative titled “AI and Digital Business Partnership Program,” the selected startups will receive support to establish a foothold in New York as part of a three-month program running from May 27 to Aug.15.