Quantum AI (CEO Choi Sung-jip) , a company specializing in AI-based asset management of unstructured data, announced on the 10th that it had been selected for the Ministry of SMEs and Startups' "Scale-up TIPS" program. This selection came shortly after Quantum AI was recognized as the "Best Post-TIPS Project."
"Scale-Up Tips" is a flagship government program that selects promising technology-based startups and supports them at each stage of their growth. Under this program, if an operating company (VC) invests more than 1 billion won, the government provides up to 1.2 billion won in research and development (R&D) and commercialization funds over three years.
Through this funding, Quantum AI will collaborate with Korea BTB, a bioreagent distribution company, to develop an intelligent paper-reagent search and e-commerce integrated platform based on a domain-specific lightweight language model (sLLM). Currently, bioresearchers are forced to manually compare information across multiple websites to search for papers and purchase reagents, an inefficient process. Quantum AI aims to solve this problem and improve research efficiency by leveraging AI technology.
This project was highly praised for extending Quantum AI's "Data2Vec Integrated Natural Language Processing Engine" technology to the bio field. CEO Choi Sung-jip stated, "Following our previous TIPS achievements, this selection for Scale-Up TIPS strengthens our foundation for global market entry. By securing key personnel, including AI modelers and bio data curators, we will complete the world's leading research-to-commerce platform, saving researchers time."
Team leader Seok-Hwan Jeong of Aju IB Investment, the operating company that recommended this project, said, “Quantum AI is a technology-focused startup that possesses ‘Data2Vec,’ a source technology for processing unstructured data, and has a clear vision for solving problems in the bio market,” adding, “We recommended it because we highly value its AI technology and potential for industrial application.”
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