GIST Artificial Intelligence Center initiates project to commercialize AI technology

□ The Artificial Intelligence Center (DIrector Chang Wook Ahn) at the Gwangju Institute of Science and Technology (GIST, President Seung Hyeon Moon) initiates project to commercialize AI technology.

∘ GIST meets the increasing demand for AI-based innovative services and contributes to the creation of an ecosystem for the industrialization of AI technology in Korea.

∘The representatives from 8 selected companies were invited to a new industry-academy cooperation model with the agreement on 'AI technology commercialization planning task' at GIST on November 22, 2017.

□ The existing industry-university cooperation model is funded by the industry, and the research and development task on the need / demand technology is entrusted to the university / school. On the other hand, the industry-university cooperation model designed by the GIST Artificial Intelligence Research Center is significant that the new structure maximizes the synergies of the companies by exploring and supporting start-up companies that have advanced AI skills but that have difficulty in securing R & D funds, and ultimately commercializing them.

□ The task of practical application of AI technology is going to be carried out in two stages. After selecting 8 candidates in Phase 1 and planning for practical use with a budget of 25 million won for 3 months (2017.1.1 ~ 2018.1.31.), the Phase 2 selection will be carried out for four companies (2018.2.1 ~ 2019.1.31.) with the budget of around 100 million won.

∘ Phase 1 planning project was submitted in September, and a total of 15 companies supported the project. In October, a total of 8 companies were selected by evaluating the originality, ripple effect, and possibility of technology development.

▲ Aegis Logic (Sung-wook Kim): Ultra-low-power neuromotive FPGA platform and RTL based on general-purpose matrix multiplier ▲ DIPPY (Inchan Kwon): Development of artificial intelligence based fine dust measurement accuracy improvement technology ▲ East Control (Yu-young Kim): Emotion-aware player and accompaniment solution for improving music education environment ▲ Seoul Robotics (Hanbin Lee): 3D Lada object recognition embedded software

□ Jong-geon Park of Circularus Co., Ltd., who was chosen for this projectsaid, "Artificial intelligence technology is in its third revolution after PC and smartphone due to the combination of robot and human. GIST's know-how and GIST's research and development experience will create a new paradigm in the era of personal robots. I hope that the start of the GIST AI project opportunity to lead the fourth industrial revolution."

□ In addition, CEO Yeong-young Lee of East Control Co., Ltd. said, "The practical task of GIST is to identify the core issues of the technical problems of the start-ups and present solutions. In this process, the fund management policy and the preparation of the business plan are simplified compared to other fund model tasks. Therefore, it is a favorable and will be very useful for start-ups as it is a very useful model for industry-academia cooperation. "

□ Artificial Intelligence Center DIrector Chang Wook Ahn  said, "Despite the short competition period, many start-up companies are interested in this project and have developed new AI technology practical items in various fields ranging from traditional IT to healthcare, manufacturing, transportation and environment. We will demonstrate the effectiveness of the new university-led collaboration model, not the industry, and try to spread it to the universities in our country."

□ The GIST AI Center's project for the practical use of AI technology is the first attempt for a university-led industry collaboration model in which university funding and technology development for practical use are jointly carried out. The attention of academia and industry to the success of business is attracting attention.