The Ministry of SMEs and Startups said on the 26th it held the "2nd Venture and Startup Growth Forum" in National Assembly Seminar Room 1 with lawmaker Kim Dong-a of the Democratic Party of Korea.
The forum, under the theme "AI practicalization era: scale-up strategies for ventures and startups," was organized for the National Assembly, the government, and industry officials to gather and discuss policy tasks and on-site issues.
Lawmakers Kim Dong-a, Kim Han-kyu, Kim Hyeon, and Jeong Jin-uk, along with No Yong-seok, 1st vice minister of the Ministry of SMEs and Startups (MSS), and industry officials including the Venture Business Association and the Korea Startup Forum attended the event.
At the forum, presentations and discussions were held on themes including: ▲ opportunities and innovation tasks for ventures and startups in the AI era ▲ on-site difficulties ▲ measures to secure AI talent.
Participants reached a consensus that policy support in areas such as finance and data is needed to foster AI startup growth. They also shared the view that attracting global talent and strategies for overseas expansion are key to securing talent. The government and the National Assembly plan to prepare policies to create a growth environment for ventures and startups in the AI era going forward.
Lawmaker Kim Dong-a said, "AI competitiveness is determined not only by technology development but also by commercialization in the industrial field and early market capture," adding, "We will strengthen legislative support to build a venture-centered innovation ecosystem."
No Yong-seok, 1st vice minister of the Ministry of SMEs and Startups (MSS), said, "Ventures and startups are experiencing various bottlenecks in the process of commercializing technology," and noted, "We will push institutional improvements to resolve difficulties across the entire process, including access to data and infrastructure, talent attraction, and market entry."