The Ministry of SMEs and Startups held the opening ceremony of the Global Entrepreneurship Academy. (Photo: Ministry of SMEs and Startups)

The Ministry of SMEs and Startups held the opening ceremony of the Global Entrepreneurship Academy. (Photo: Ministry of SMEs and Startups)

The Ministry of SMEs and Startups (Minister Park Young-sun, hereinafter referred to as the Ministry of SMEs and Startups) announced on August 19 (Wednesday) that it held an opening ceremony to announce the start of the Global Entrepreneurship Academy at Gangnam Main School (the 20th floor of Spark Plus Gangnam 2nd store) in Gangnam-gu.

The Global Business Academy is a global artificial intelligence (AI) start-up intensive development program that was established this year, considering the fact that the global artificial intelligence (AI) market is growing rapidly, while the world's top 100 artificial intelligence (AI) start-ups do not have domestic companies.

The program attracted great attention from the founding team since its opening, with four global companies (NVIDIA, MS, AWS, INTEL) and four global top start-up planners (Axelator), 500 Startups, Plug&Play, SOSV, and Startupbootcamp) participating in education and childcare. The Ministry of SMEs and Startups finalized 60 teams to enter the Global Business Academy on July 16 after evaluating written and presentations.

Programs run by the Global Business Academy are largely divided into education, childcare, networking, and commercialization support.

Education will run a technology curriculum that utilizes the characteristics of each company, such as the use of its internal curriculum by global companies. Four global companies will run the curriculum sequentially from August to November.

The company plans to focus on projects using the global big data solution platform, Kaggle, and other projects to strengthen the capacity of the entry team to commercialize the actual business.

Two childcare experts from a global top start-up planner (accelerator) reside in the Global Entrepreneurship Academy and closely nurture the start-up team. The start-up team will experience several global start-up planners (accelerators), set up the best overseas entry countries and set up strategies for entry.

We plan to form a global network of start-up teams through exchanges with overseas start-ups through international organizations.

The opening ceremony was held in a non-face-to-face format, taking into account the Corona 19 situation, and the opening ceremony was held in a way that provided up to 50 million won in commercialization funds to the entrance team and provided workplace space within the Global Entrepreneurship Academy.
 

On the spot, global companies, representatives of the Korean branch of the Global Start-up Planner (Accelerator), and graduate president of KAIST Artificial Intelligence (AI) participated together to explain the curiosity of the admission team about the education and childcare process.

Representatives from global companies and global start-up planners (accelerators) headquarters also sent a congratulatory message, showing their willingness to do their best to find and nurture Korea's excellent start-up.

“As we overcome Corona 19 this year, the potential of non-face-to-face markets, including artificial intelligence (AI), is growing worldwide,” said Park Young-sun, the minister of the Ministry of SMEs and Startups. “We will nurture global artificial intelligence (AI) companies in the digital economic era that will lead smart Korea in the future at the Global Start-up Academy.”

“We will actively support the globalization of non-face-to-face start-ups such as artificial intelligence (AI) through K-Unicorn Project and Smart Korea Fund,” she said.

The Global Business Academy will be open for about eight months until February 21, and will continue to operate in Guro from early next year, when the completion of Guro G Square is expected, so that it will be able to create synergies such as exchanges with more than 10,000 small and medium-sized venture companies.