Ministry of SMEs and Startups Selects AI Solutions for Second "Entrepreneurship for All"

Supporting Participants in Bringing Their Ideas to Life
AI Solution Selection Completed

The Ministry of SMEs and Startups said on October 11 that it had selected 50 providers offering 103 artificial intelligence (AI) solutions to help participants in the second “Entrepreneurship for All” project develop their ideas and refine their business models.

“Entrepreneurship for All” is a project that encourages anyone with an idea to try starting a business and helps them grow into entrepreneurial talent through education, mentoring, and support at each stage. The AI solution support program helps participants carry out tasks needed to prepare for starting a business, such as market research, content creation, and service development, and turn their ideas into actual products and services.

The AI solutions were selected through a quality-focused evaluation to make it easier for participants to choose and effectively use the solutions they need during the startup process. An evaluation committee of experts personally tested the submitted solutions and assessed them comprehensively for versatility, the suitability of their technology and pricing, and security. In total, 103 solutions from 50 providers were selected.

The selected solutions support a range of tasks needed to prepare for starting a business, including website creation, promotional content generation, and contract drafting. Participants can use AI to create websites introducing their products and services and produce product images and promotional content, turning their ideas into concrete results. This is expected to reduce the workload involved in preparing to start a business and allow participants to focus on refining and developing their ideas.

The list of selected AI solutions will be released through the “Entrepreneurship for All Platform” on October 12. Details of each solution’s main features and how to use it will be available from October 14. Participants who advance to the first round of the second “Entrepreneurship for All” project can use AI solutions up to a value of 1 million won per person.

Jo Gyeongwon, Director General for Startup Policy at the Ministry of SMEs and Startups, said, “AI solutions are important tools that help participants develop their ideas and turn them into products and services. We will strengthen our support to help participants easily choose the AI solutions they need and use them effectively, so they can grow into startups with strong potential.”

This content was produced with the assistance of AI translation services.