Gyeongsangnam-do Supports Technology Development for 'Promising Renewable Energy Companies'

[Asia Economy Yeongnam Reporting Headquarters Reporter Kang Woo-kwon] Gyeongsangnam-do announced on the 23rd that it will promote the 'Renewable Energy Technology Leading Promising Company Support Project' to enhance the technological competitiveness of small and medium-sized enterprises (SMEs) and mid-sized companies in the renewable energy sector and to promote the high value-added development of their technologies.

This project, which has been underway since 2018, supports the initial prototype production costs for promising product development by renewable energy-related SMEs and mid-sized companies in the province, as well as the costs for testing, inspection, certification, and testing necessary for commercialization, supply to demand markets, and overseas export. A budget of 200 million KRW is allocated annually, with a total of 1 billion KRW planned through 2022.

In particular, starting this year, reflecting industry opinions on the project content, expert consulting and technical guidance costs to improve technology maturity have been added, and the support method has been improved so that companies can proactively plan tasks and receive necessary support.

This year's project will be announced this month by the dedicated institution, Gyeongnam Technopark, including details on how to apply. Companies related to renewable energy that have a business site in Gyeongnam or are located there and have been established for more than one year are eligible to apply.

Gyeongsangnam-do will finalize the companies to be supported through a comprehensive expert evaluation considering technology, business feasibility, and job creation based on the tasks submitted by the companies.

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