KOSME Promotes 'AX Sprint Preferred Track I' to Support Innovative Companies Using AI

[Financial News] The Ministry of SMEs and Startups and the Korea SMEs and Startups Agency (KOSME) will promote the newly launched 'AX Sprint Preferred Track I' under this year's policy loan program for small and medium-sized enterprises.
According to KOSME on the 31st, the program is a newly created track designed to support the AX transformation of SMEs and startups. It was introduced to help innovative companies by applying artificial intelligence (AI) in industrial settings. The total support package amounts to 140 billion won.
Startups less than seven years old that need facility or operating funds can apply for startup foundation support loans. Companies with at least seven years of history can apply for innovation growth support loans.
For more information, inquiries can be made to one of KOSME's 34 regional headquarters nationwide or to the policy loan information call center.
Kang Seok-jin, chairman of KOSME, said, "We will spare no effort in supporting SMEs and startups pursuing AX so they can build a foundation for sustainable growth."
[email protected] Kim Hyun-cheol Reporter