Seoul AI startup secures prized gateway to US market via New York program
A Seoul-based AI startup has joined a prestigious New York City commercialization program, opening a rare doorway to test its products with American companies and court global investors. NextPayments was the only Korean company among 14 startups selected for NYC AI Nexus, a program organized by the New York City Economic Development Corp., from more than 200 applicants worldwide, the Seoul…
A Seoul-based AI startup, NextPayments, has gained access to a highly competitive commercialization program in New York City, providing a crucial avenue for testing its technology with American businesses and attracting international investment. Out of over 200 applicants worldwide, NextPayments was the sole Korean company chosen from a pool of 14 startups for NYC AI Nexus, a program run by the New York City Economic Development Corp. The selected startups will begin participating in November, with NextPayments specifically targeting pilot projects in retail and food service sectors to evaluate its AI platform's performance and gauge market interest in the U.S.
The AI startup specializes in developing platforms that consolidate data from offline businesses, encompassing orders, payments, products, staffing, logistics, and customer behavior, into a single, cohesive system. Throughout the year-long program, participants receive local office space, professional guidance, introductions to potential business partners, aid in conducting proof-of-concept projects, expert consultations, and support in securing funding.
The New York City Economic Development Corp. intends to choose additional startups to join the program in the future.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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