| The Palo Alto Research Center supports local enterprises with its commercialization program, technology, and research.
| ENCORED signed a Memorandum of Understanding (MOU) to establish the Energy and AI Research Institute in Gwangju.
| Local Enterprises established a basis to attract investment through business and technology announcements.
Gwangju Mayor Lee Yong-sup stated that he visited Silicon Valley for six days, from October 6th to the 11th, and managed to build relations in technical cooperation, joint research, cooperation in global market development, and an MOU to establish an energy and AI research institute with other global research institutes including Venture Capital and Startups.
He continued on to report that Gwangju will prepare a detailed blueprint for ‘The Central City of Artificial Intelligence, Gwangju’ and hold the first Korean AI Cluster Forum on the 23rd in order to see the project through. Gwangju Metropolitan City distributed a press release on the 14th and explained a synopsis of their visit to Silicon Valley, as well as their future plans.
This is the only breakthrough that Gwangju has to surpass other global cities is the fourth industrial revolution. Under the assumption that the core to advancement is artificial intelligence, the ‘Project to Create Industrial Convergence Complex Focused on Artificial Intelligence’ was applied for and selected with the exemption of the preliminary feasibility examination.
Gwangju Mayor Lee Yong-sup stated that he visited Silicon Valley to build a cooperative network with world-class artificial intelligence experts, research institutes, and companies, and to benchmark their successful cases as well as attract investment.
During his visit to Silicon Valley, Mayor Lee signed an MOU with the Palo Alto Research Center (PARC) for technical cooperation. The PARC will provide commercialization programs to small businesses and start-ups in Gwangju and support their research efforts on new technologies and products by utilizing the characteristics and strengths of local businesses in connection with the “Project to Create Industrial Convergence Complex Focused” on Artificial Intelligence in Gwangju. Also, they discussed seeking additional ways to set up a branch in Gwangju and conduct joint research in the healthcare sector.
Gwangju also signed an MOU with ENCORD Co., Ltd., a specialized company for AI-based energy data platform. ENCORED, which currently operates research corporations in Silicon Valley and Japan, has decided to establish an additional Energy and Artificial Intelligence laboratory as well as independent corporation in Gwangju to cooperate in the research and development of artificial intelligence in the energy sector and to aid in the development of global markets.
Gwangju has signed a business agreement with Builders Venture Capital, a start-up investment company. The signing ceremony was followed by pitching (presentation to draw investment) the idea of three local companies working to lay the groundwork for the investment to be made for startups in Gwangju.
Mayor Lee Yong-sup stated that Gwangju will prepare a detailed blueprint for ‘The Central City of Artificial Intelligence, Gwangju’ and hold the first Korean AI Cluster Forum on the 23rd in order to see up the project.
After the exemption of the preliminary feasibility examination on the project to create an industrial convergence complex focused on artificial intelligence in January, Gwangju City will also launch the first AI forum in Korea on September 23rd following the launch of the "Committee for the Creation of the Artificial Intelligence Center Gwangju," (the operation of the AI T/F and AI Academy of Internal Medicine, the establishment of a graduate school to train master's and doctorate in the artificial intelligence field, and the establishment of a network with Silicon Valley). Gwangju launched the 'Committee for making Gwangju a center for artificial intelligence’, and its plans to launch the first AI forum in Korea following the operation of the AI Task Force and the AI university in corporation, the establishment of graduate school for training master's and doctorate in artificial intelligence by Gwangju Institute of Science and Technology (GIST), and the establishment of a network with Silicon Valley.
The first Korea Artificial Intelligence Cluster Forum, which was held under the theme of "Innovation Society of Humanity, AI and Industry," was joined by experts from home and abroad. Most notably James Randy Moulic, the dean of the University of New York, who developed the supercomputer ‘Deep Blue’ in 1996 twenty years ahead of the match between LEE Sedol and AlphaGo, delivered a keynote speech with Mayor Lee.
In order to strengthen cooperation with Pan-Gyo Techno Valley, Gwangju City is also planning to sign a business agreement with Gyeonggi-do. Also, the city is planning to carry out the second and third investment briefing in Silicon Valley so that the Silicon Valley visit program of local enterprises can be continued from startup to scale-up and unicorn companies.
In the conclusion of the statement, Gwangju city showed its intentions by mentioning that recognizing ‘The Central City of Artificial Intelligence, Gwangju’ is the only way to take off its backwardness and stand shoulder to shoulder with the leading cities of the world. Gwangju will seek the precise and practical follow-up measures to ensure that the framework of cooperation and solidarity with Silicon Valley can lead to tangible results.