The Jeonnam Information and Culture Industry Promotion Agency (Director Lee In-yong ) held the "AI-Fusion Intelligent Agricultural Ecosystem Development Project IR Demo Day & Investment Consultation" at the Hotel Venezia in Yeosu on September 30th. This event was designed to showcase the technological capabilities of local agricultural startups and provide opportunities for investment and global expansion.
At the event, eight agricultural startups from South Jeolla Province participated and presented AI-based agricultural technologies and business strategies. Participating companies included Begins, Acesquare, Turbine Crew, Huintech, TebaX, Coat Green, School Moa, and Cornerstone, and presented a variety of technologies, including AI-based drone route optimization, smart farms for open-field orchards, autonomous harvesting robots, and smart fertilizer platforms.
This demo day was held as part of the "AI Convergence Intelligent Agricultural Ecosystem Construction Project," supported by the Ministry of Science and ICT and jointly promoted by the Jeollanam-do Agricultural Research and Extension Services, the Jeollanam-do Information and Culture Industry Promotion Agency, and the Jeollanam-do Technopark. The project, which will run for five years from 2024 to 2028 with a total budget of 41.4 billion won, aims to foster an AI-based agricultural innovation ecosystem, centered in the Honam region.
Five major domestic venture capital firms and accelerators, including Blue Ocean Ventures, Startup X, iVentures, Oracle Venture Investment, and Kingo Spring, participated in the event, conducting evaluations and one-on-one investment consultations. Investors evaluated each company's technological prowess and growth potential and shared their opinions on the potential for follow-up investment.
The three companies that present outstanding results will be given the opportunity to attend AgriTechnica 2025, the world's largest agricultural exhibition, to be held in Hanover, Germany in November. Furthermore, they will be supported with meetings with local European investors and global networking opportunities.
An official from the Jeonnam Information and Culture Industry Promotion Agency stated, “The convergence of AI and agriculture is a key area for securing future agricultural competitiveness,” and added, “Through this event, we plan to continuously support local startups to gain practical investment opportunities and advance into the global market.”
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