Ministry of SMEs and Startups Launches 'Technology Regulation Resolution' Technology Development Support Project

Technical Regulation Resolution Technology Development Project Support Conditions

[Asia Economy Reporter Kim Daeseop] The Ministry of SMEs and Startups announced on the 11th that it will implement a technology development support project for the first time that links regulatory consulting from the R&D planning stage for tasks requiring response to 'technical regulations' for product commercialization.

This technology development support project will be conducted in two stages: Stage 1 'Support for Planning Response to Technical Regulations' and Stage 2 'Technology Development Support.' Experts from testing and research institutions such as the Korea Conformity Laboratories will provide close support from task planning, technology development, to regulatory consulting.

In Stage 1, experts from testing and research institutions will provide a 'Regulatory Response Planning Report' that includes an overview of regulations, testing, analysis, evaluation methods, and strategies for obtaining permits and approvals. SMEs will reflect this to prepare a 'Technology Development Business Plan' that includes technology development methods and commercialization plans.

In addition, Stage 2 involves the participation of a 'National Evaluation Group' to make the final selection of technology development support tasks, and selected companies will receive technology development funds to resolve technical regulations (up to 500 million KRW over 2 years). Experts from testing and research institutions will also support regulatory consulting for testing, inspection, and certification of developed products.

Technical regulations refer to technical standards (technical regulations) or conformity assessments (testing, inspection, certification, etc.) stipulated in laws and regulations to realize administrative objectives such as safety, environment, health, and consumer protection by imposing specific requirements on products and services, thereby restricting citizens' rights or imposing obligations.

The Ministry of SMEs and Startups expects that through this technology development support project, timely responses to technical regulations at each stage of corporate activities (technology development, product production, sales and marketing) and rapid commercialization of technology-developed products through acquisition of related certifications such as safety, performance, and environment, as well as reduction of administrative costs, will be achieved. Technical regulations mainly requiring overcoming testing, certification, and inspection standards in fields such as bio (including medical devices), environment, and safety are expected to be resolved.

The application period is from the 28th of this month to the 12th of next month. Applications can be submitted online through the SME Technology Development Comprehensive Management System website.

Won Youngjun, Director of Technology Innovation Policy at the Ministry of SMEs and Startups, said, "Through technology development responding to technical regulations, we will enhance product safety and reliability and act as a catalyst for companies' technology development activities," adding, "We will continuously improve technical regulations that hinder corporate activities due to redundant or excessive requirements through collaboration with the SME Ombudsman."

This content was produced with the assistance of AI translation services.