The 12th Inter-Ministry Startup Contest using Public Data will be held from the 4th to the 5th, ‘ [Financial News] ‘,
Ministry of Public Administration and Security, Central Government Complex, Sejong. Yonhap News
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, ‘The Ministry of Public Administration and Security announced on the 8th that it will host the two-day ’12th Inter-Ministry Startup Contest using Public Data’ from the 4th to the 5th and announced the top 10 teams to compete in the final round in November. ‘,
, ‘The ‘Startup Contest using Public Data’ has been held for the 12th time this year to discover and spread outstanding cases where private sector ideas using public data lead to startups and commercialization, for the purpose of promoting private sector utilization of public data. ‘,
, ‘Since the first contest in 2013, approximately 16,000 teams have participated over the past 11 years. Among the 127 award-winning works, 75 teams (59%, as of September 24) have successfully led to actual startups. ‘,
, “Notable award-winning works include an artificial intelligence-based platform developed by a neurosurgeon to predict the risk of cerebral aneurysm onset (2023 Grand Prize, Talos Inc.) and AI Digital Twin Smart Agriculture Platform ‘ConnectOn’ (2023 Excellent Prize, Farm Connect) among others. “,
, ‘Following their success in the startup contest, including Talos Inc., 12 teams have raised a total of 29 billion won in investments, and 23 teams, including Farm Connect, have filed for and registered 170 patents. ‘,
, ‘This year, a total of 2,623 teams participated in the Startup Contest using Public Data, with 41 organizations such as the Ministry of Agriculture, Food and Rural Affairs, Gyeongsangnam-do, and Korea Water Resources Corporation holding their own preliminary rounds, resulting in 66 teams advancing to the final round. ‘,
, ‘In this integrated final round, the 66 teams recommended by the organizations through the preliminary rounds competed in two sections: ‘Idea Planning’ and ‘Product/Service Development.’ ‘,
, ‘Especially, works related to AI-based services, solving social issues in real estate and medical fields that garnered national attention this year, attracted interest. ‘,
, ‘The top 10 teams selected in this integrated final round (5 teams per category) will advance to the ’12th Inter-Ministry Startup Contest using Public Data King Competition’ to be held on November 13, where they will compete once again to determine the final ranking. ‘,
, ‘Regardless of their ranking, the 10 teams advancing to the King Competition will receive common education to support startups, including ▲market research and analysis, ▲developing a business model, ▲business strategy planning, ▲business plan development, ▲patent registration methods, and related laws. ‘,
, ‘Furthermore, based on the evaluation results, the teams that advance to the King Competition will be awarded a total of 10 points, including the Presidential Prize (2 points) and the Prime Minister’s Prize (2 points), with a total prize money of 100 million won.\n’]