– Europe’s largest artificial intelligence research consortium established in 16… Promoting research and innovation in artificial intelligence and machine learning
– Foundation for support for entry into the European market following the establishment of a cooperation system with Canada’s Mila AI Research Institute in North America last year
– Seoul AI Hub-Cyber Valley-Seoul National University AI Research Institute trilateral business agreement (3)… First official agreement with an Asian research institute
– We will build a network between ‘Seoul’ and global AI institutions to solve technical problems and provide practical support for market entry.
□ The Seoul Metropolitan Government is joining hands with ‘Cyber Valley’, which is considered the largest artificial intelligence research consortium in Europe, to speed up support for overseas expansion and scale-up of domestic artificial intelligence (AI) startups. After concretizing a cooperation project with Canada's MILA AI Research Institute, a global research institute in the field of deep learning, last year, we will begin building an artificial intelligence cooperation network in Europe this year.
○ This agreement (February 2.15) is a tripartite business between ‘Seoul AI Hub (Director Ham Jong-min), Cyber Valley (Director Rebecca C. Reich), and Seoul National University AI Research Institute (Director Jang Byeong-tak) at Cyber Valley headquarters (Tübingen, Germany). It was carried out through an agreement (MOU).
□ Cyber Valley was established in 2016 to foster innovation and renowned scientists in basic academic fields such as artificial intelligence and machine learning. It has 85 research faculty members from universities in the Tübingen and Stuttgart regions and the Max Planck Institute, which is world-renowned in the fields of natural science and computer science.
○ The main institutions leading Cyber Valley include academic and research institutions such as the Max Planck Institute for Intelligent Systems, the University of Stuttgart and the University of Tübingen, as well as various industrial institutions such as private companies such as Amazon, BMW Group and Robert Bosch, not only in Europe but also around the world. It is one of the areas in the artificial intelligence research ecosystem that is attracting attention.
○ The amount invested in Cyber Valley by all these related organizations, including industry, academia, and foundations, amounts to approximately KRW 2,218 billion to date.
□ ‘Seoul AI Hub’ is a specialized organization for fostering technology startups in the field of artificial intelligence (AI) operated by the Seoul Metropolitan Government since 2017. It carries out projects such as ▲ joint research between industry, academia, and research ▲ nurturing high-level artificial intelligence (AI) talent ▲ supporting corporate growth. is being promoted. It is the first specialized support facility for startups in the artificial intelligence field, not only in local governments but throughout the country.
○ ‘Seoul AI Hub’ has fostered more than 360 companies by providing customized programs such as consulting, investment attraction, and overseas expansion support.
○ In addition, the cumulative sales of companies fostered by the 'Seoul AI Hub' achieved KRW 3,560 billion and the cumulative investment amount of KRW 3,670 billion, and the affiliated companies received 2 (cumulative) awards, including the Best Innovation Award (16) at CES. It also won an award.
□ Seoul AI Hub, Cyber Valley, and Seoul National University AI Research Institute specifically: ▲Local investment linkage through mutual investment networks ▲Providing opportunities to participate in artificial intelligence joint research projects ▲Mutual community resources and space support and exchange ▲Opportunities to participate in mutual institution childcare programs Provided ▲Cooperate in sharing the latest technologies and trends in the field of artificial intelligence.
○ In particular, startups fostered by the Seoul AI Hub are provided with the opportunity to utilize Cyber Valley's research resources to solve technical problems and connect with various investment sources in Europe through local networking.
□ Rebecca C. Reisch, Director of Cyber Valley, said, “It is significant that Cyber Valley has signed the first official business agreement with an artificial intelligence research institute in Asia,” adding, “Our goal is to secure mutually held investments.” “The goal is to promote the growth of startups in both countries through network sharing and connection and market entry,” he said.
□ Lee Hae-woo, head of the Seoul Metropolitan Government’s Economic Policy Department, said, “To support the ‘artificial intelligence’ field, which is becoming a basic industry for other industries, the city of Seoul will use the ‘Seoul AI Hub’ as a base to resolve AI technology issues and foster AI+X convergence and composite talent. “We are focusing on creating an ecosystem of industry, academia, and research institutes,” he said. “Following the Mila AI Research Center in North America last year, this agreement will establish a successful artificial intelligence network in Seoul and Europe to solve technological problems and advance into the global market.” “We will create practical support measures for startups,” he said.