Project tittle: Korea-ASEAN AI Development/Startup Competition

Budget: USD 2.19M

Proponent: National IT Industry Promotion Agency (NIPA)

Period: 2024-2029

 

Project Description

Korea-ASEAN AI Development/Startup Competition Project involves organizing and hosting an annual AI competition for Korea-ASEAN start-ups and young developers. The fostering of specialized talent will be essential for sustainable digital innovation and growth, and the competition will help to build digital youth talent across the 10 AMS.

The main objective is to provide a platform for young ASEAN entrepreneurs with the opportunity to showcase their innovative ideas and network with established Korean and ASEAN startups, helping participants to grow into global talents.

 

Introduction of Proponents/Implementing Agencies

The Global Strategy Team of Global Business Development is executing the Korea-ASEAN Digital Academy project.

NIPA (National IT Industry Promotion Agency) is a government agency under the Ministry of Science and ICT of ROK. It is classified as a public institution and a specific research institution. Successor to the Korea Software Promotion Agency, the Korea Institute for Electronic Commerce, and the Institute for Information Technology Advancement, NIPA was established on August 24, 2009, following the enactment and implementation of the 'Information and Communications Industry Promotion Act' with the purpose of 'enhancing the competitiveness of the information and communications industry and contributing to the development of the national economy through efficient support and promotion of the information and communications industry.

 

Priority Areas

Research and support for policy development in the information and communications industry

Establishment of foundations for fostering and developing the information and communications industry and training professionals

Support for the startup and growth of information and communications companies

Activation of distribution markets and marketing support for the development of the information and communications industry

Promotion and diffusion of the convergence and utilization of information and communications technology

Support for international exchange, cooperation, and overseas expansion of the information and communications industry