The Korea Technology Guarantee Fund (Kibo) announced on May 26 that it had visited May Farm Soft, an artificial intelligence (AI) technology company in Seoul, on May 23. During the visit, Kibo held an on-site communication meeting to listen to current AI industry issues and gather field opinions.
Meeting Details
Kibo met with May Farm Soft CEO Min Yoon-jung to discuss the challenges faced by AI technology companies in research and development and commercialization. The meeting aimed to identify customized support measures for small and medium-sized venture companies in the AI sector.
About May Farm Soft
May Farm Soft specializes in data analysis solutions using AI algorithms. The company has developed smart crawling services, hybrid solutions combining AI-based chatbots and search functions, and deep learning-based text analysis technology.
Kibo’s Support for AI Companies
Kibo has been actively supporting technology-based scale-ups like May Farm Soft by appreciating their innovation growth potential. The organization has linked and supported intellectual property (IP) agreement guarantees through patent valuation.
“We were able to grow our AI-based technology business thanks to Kibo’s active policy support,” said Min Yoon-jung, CEO of May Farm Soft. “We hope Kibo will expand customized support so that more small and medium-sized venture companies can secure AI technology competitiveness.”
Future Plans
Kibo plans to prepare a system to foster the AI industry by reflecting field opinions gathered during the meeting. The organization aims to actively support small and medium-sized venture companies to secure technological advantages in the global AI leadership competition.
“Kibo is supporting innovative growth in small and medium-sized venture companies through various preferential guarantee programs,” said Park Joo-sun, executive director of Kibo. “We will prepare a system to foster the AI industry and actively support companies to secure technological competitiveness.”
