Inorules said it has been finally selected as a government-backed company for the 'Jump-Up' program hosted by the Ministry of SMEs and Startups.

The Jump-Up program selects mid-sized companies with growth potential that have operated for more than 7 years and focuses on supporting their expansion into new businesses and new markets. The government plans to select and foster 100 companies each year, for a total of 500 by 2029.

A total of 531 companies applied in the latest recruitment round, posting competition of about 5.3 to 1. Inorules was finally selected after about 2 months of evaluations of growth, profitability and innovation.

It will receive support including vouchers of up to 750 million won over 3 years, along with help in establishing new business strategies, management and technology consulting, networking for investment attraction and overseas expansion, and other areas.

Inorules plans to focus the funds on R&D to advance AI technologies and products, investment in GPU infrastructure, and marketing at home and abroad.

Inorules plans to use the program as a springboard to further accelerate its AI agent and Hyper Automation Platform business. It aims to achieve full-cycle automation of all insurance tasks, from product development to subscription planning, underwriting, contract management and claims payments, using technologies such as LLM-based multi-agent orchestration, retrieval-augmented generation (RAG) and Cognitive OCR.

It plans to expand step by step into all industries including finance, manufacturing, public sector and enterprise, using references built up in insurance as a base.

Inorules CEO In-su Jang (장인수) said, "This selection is the result of the government's official recognition of the technological capabilities and market competitiveness we have built up." He added, "We will expand our business beyond insurance to all industries and the global market and establish ourselves as Korea's representative AX specialist company."