The Ministry of SMEs and Startups said it held a "AI startup growth strategy briefing" for AI startups at Tips Town S1 in Seoul on the 28th together with the Ministry of Science and ICT.
The briefing was prepared to explain the main points of the "Artificial Intelligence Basic Act," which took full effect on the 22nd, and to increase the institutional understanding of AI startups subject to the law. The Ministry of SMEs and Startups (MSS), the Ministry of Science and ICT, and the Korea Startup Forum jointly prepared the event to explore response strategies for AI startups and to guide support programs for growth and stronger competitiveness.
About 200 executives and employees of AI startups attended the briefing. At the event, the Ministry of Science and ICT explained the main contents of the Artificial Intelligence Basic Act, and the Ministry of SMEs and Startups (MSS) introduced the "Small and Medium-Sized Enterprise AI Utilization and Diffusion Act." Then, Jo Jeong-hee, managing attorney at the law firm Decode, presented corporations' response strategies to the Artificial Intelligence Basic Act.
On the day, the Korea Institute of Startup and Entrepreneurship Development (KISED) explained the "AI Challenge Program," which promotes AX (AI transformation) of industries and corporations through cooperation among large corporations, public institutions, and AI startups, and supports startups' technology verification and securing of sales channels. KISED also explained the "Startup One-Stop Support Center," which provides consultations and information in various fields such as legal, accounting, and management in one place, and conducted individual consultations on-site. The Korea Technology and Information Promotion Agency for SMEs (TIPA) introduced the "Deep Tech Challenge Project (DCP)," which supports large-scale, project-type research and development (R&D) in key fields such as AI.
Cho Gyeong-won, entrepreneurship policy director at the Ministry of SMEs and Startups (MSS), said, "The Artificial Intelligence Basic Act reflects only the minimum necessary regulations with a focus on promoting the AI industry, but AI startups that are directly subject to the law may feel burdened," and added, "To minimize startups' concerns and burdens, the Ministry of SMEs and Startups will continue to improve the system by jointly reflecting on-site opinions with related ministries and expand support programs."