On October 28 , the Korea Artificial Intelligence & Software Industry Association (KOSA, Chairman Cho Jun-hee) signed a ‘Memorandum of Understanding (MOU) for Mutual Cooperation to Activate the AI Startup Ecosystem’ with Korea Science and Technology Holdings (KST, CEO Choi Chi-ho) and K-Ground Ventures (KGV, CEO Cho Nam-hoon) at the association’s headquarters in Songpa-gu, Seoul.
This agreement aims to build a collaborative platform that supports the entire cycle of innovative technology startups, from discovery and investment to growth and global expansion, by combining the core capabilities of the three organizations in the AI+X era, which is merging AI with various industrial and technological fields.
KOSA leverages its network of AI and software companies to identify technological needs in the industry and connect them with policy support. KST discovers excellent source technologies from government-funded research institutes and supports their commercialization for industrial application. KGV, a venture capital firm specializing in deep tech commercialization and intellectual property (IP) monetization, attracts private capital and supports startup growth.
KOSA Chairman Cho Jun-hee said, “Bringing together the technologies of industry, research institutes, and private investors is essential for the advancement of the Korean AI startup ecosystem,” adding, “We will spare no effort in providing support to help promising AI startups grow into global unicorns.”
Choi Chi-ho, CEO of KST, said, “The expertise of KOSA and KGV is necessary to create technological value for public research institutes in the market,” and explained, “Through this agreement, a new AI-X model will be created that will increase the success rate of public technology commercialization.”
Namhoon Cho, CEO of KGV, said, “The success of deep tech startups requires not only technological prowess and global IP, but also market connections and step-by-step capital investment.” He added, “Based on KST and KGV’s public technology commercialization capabilities and KOSA’s industrial network, we plan to form an investment council with participation from AC, VC, and PE.”
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