GenAI Stars: 20 Companies Shining Bright with NTU Smart Living Center’s Support

Source: Industrial and Commercial

Times: October 19, 2024 / 20:38 / By Chen Bi-Fen

At the GenAI Stars Demo Day, 20 innovative entrepreneurial teams showcased their generative AI applications across various industries. The event, hosted by the National Taiwan University Smart Living Technology Integration and Innovation Center (NTU Smart Living Center), highlighted the top projects from the first National Science and Technology Council’s “GenAI Stars Generative AI Industry Application Competition.”

Out of 836 creative proposals, 15 teams were selected as outstanding projects, while another 15 were chosen as excellent projects. In the enterprise and startup innovation category, 263 teams representing 19 major industries competed. After three months of intensive mentorship from NTU Smart Living Center, the top 20 GenAI Stars emerged.

On the 19th of October, during the Taiwan Innotech Expo’s Future Tech Pavilion, NTU Smart Living Center held the GenAI Stars Demo Day, publicly presenting generative AI innovations for the first time. The event aimed to address four major challenges faced by Taiwan:

1. Insufficient AI industry innovation

2. Lack of successful AI-driven business models

3. High pressure on enterprises to undergo digital transformation

4. High barriers for SMEs to adopt AI innovation

   
   

Generative AI Solutions Across Diverse Industries

During Demo Day, 20 entrepreneurial teams and three award-winning creative teams took turns demonstrating their generative AI applications in industries such as manufacturing, healthcare, education, food, retail, insurance, and construction.

Notable projects included large enterprises like ASE Technology Holding Co., Ltd., which implemented AI-generated maintenance guides to reduce equipment repair times, and Chung-Hsing Engineering, which developed AI systems to automatically generate construction inspection forms from design blueprints, ensuring higher construction quality.

SMEs and micro-enterprises also harnessed GenAI to enhance their products and services. For example, “Hao Shi Ji” developed an AI-powered food safety management platform. Additionally, some teams successfully launched new companies during the mentorship program. “Cloud Market Technology” revolutionized order and accounting processes in traditional markets, saving vendors significant time each month and aiding in the digital transformation of micro-businesses.

Innovation Driven by Design Thinking

Director of NTU Smart Living Center, Liu Pei-Ling, emphasized that while GenAI is a powerful technology, successful adoption and innovation still require design thinking to drive enterprise transformation and ensure practical application.

NTU Smart Living Center highlighted the comprehensive three-month mentorship program, which included over 30 cross-disciplinary experts, master lectures, industry connection seminars, and design thinking validation workshops. Liu reiterated that “GenAI Stars is more than just a competition” – it marks the beginning of broad-scale generative AI adoption across industries.

All 20 enterprise projects have successfully been implemented, and the initiative aims to further accelerate generative AI innovation across Taiwan’s industries.

Source: Industrial and Commercial