The Ministry of SMEs and Startups and the Korea Small and Medium Business Agency (KOSME) announced on August 31 that they are accepting applications for the newly established 'AI Transformation (AX) Sprint Preferred Track' under the 2026 small business policy funding plan.
The AX Sprint Preferred Track program is designed to support small and medium enterprises (SMEs) in integrating AI into their operations to enhance competitiveness. The total funding available for this initiative is 140 billion won.
Eligible applicants are companies selected for the government's rapid commercialization support program for AI application products. Startups with less than seven years of operation can apply for startup support funds, while those with over seven years can apply for innovation growth support funds.
Selected companies will receive a 0.1 percentage point reduction in interest rates, and the maximum loan limit will be increased from 6 billion won to 10 billion won. KOSME plans to expedite funding by exempting selected companies from policy priority evaluations and applying a fast-track assessment process.
Applications can be submitted through the KOSME website and regional headquarters. The program may close early if the budget is exhausted.
Kang Seok-jin, the head of KOSME, stated, "It is crucial for SMEs to enhance their competitiveness by integrating AI into their operations. We will spare no effort in supporting companies entering the AX Sprint Preferred Track to establish a foundation for sustainable growth."
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.