Content
SFACSPACE recognized for its proprietary technological capabilities, selected as a "Pre-High-Growth Company" in the 2024 SW High-Growth Club support program
AI solution specialist company SFACSPACE Co., Ltd. has been selected as a "Pre-High-Growth Company" in the "SW High-Growth Club" support project. The SW High-Growth Club is part of a project overseen and operated by the Ministry of Science and ICT and the National IT Industry Promotion Agency to develop the domestic SW industry and create new jobs. SFACSPACE was selected for this program in recognition of the innovation of its technology-based business model and its high growth potential.
This selection reflects SFACSPACE Co., Ltd.'s dedication to strengthening domestic SW technology capabilities since its founding in 2021, as well as its efforts to expand into global markets. The Ministry of Science and ICT announced that it plans to provide various forms of support so that promising companies in new business fields such as AI and SaaS can advance their businesses and gain competitiveness in the global market. This includes growth funding support and mentoring programs, with a focus on creating global success cases for domestic SW companies.
Through this opportunity, SFACSPACE aims to innovate production efficiency in the virtual production market by developing an AI technology-based ICVFX content production pipeline technology solution. The global virtual production market is projected to grow from USD 2.98 billion in 2023 to USD 9.62 billion in 2032 (Source: Fortune Business Insights), making it a promising market with strong potential for continued growth.
SFACSPACE CEO Yeom Min-ho said that this selection is "a valuable opportunity to accelerate growth and innovation in domestic and international markets," adding, "We see it as an important stepping stone for the company’s long-term growth strategy and for strengthening its position in the global market." Based on the various support provided through this SW High-Growth Club selection, SFACSPACE Co., Ltd. is expected to make a leap toward technological innovation within the SW industry and stronger global competitiveness.
Source: StartupN(StartupN)(https://www.startupn.kr)
