Gyeongbuk Province Provides 70 Million KRW per Company for 'Technology Commercialization' in Precision Chemistry Sector

'Precision Chemical Materials Industry Competitiveness Enhancement Support Project' Call for Proposals

Gyeongsangbuk-do Provincial Government Office building.

[Asia Economy Yeongnam Reporting Headquarters Reporter Park Dong-wook] Gyeongsangbuk-do announced on the 18th that it will open applications for companies eligible for the 'Gyeongbuk Precision Chemical Materials Industry Competitiveness Enhancement Support Project' starting from the 18th.

Selected companies will receive up to 70 million KRW per company for technology commercialization expenses such as prototype production and product process improvement. Additionally, up to 10 million KRW per company will be provided for technology commercialization costs including performance evaluation fees, reliability evaluation fees, certification fees, and test analysis fees.

Companies wishing to apply for support can submit their applications to the Gyeongbuk Technopark Enterprise Support Group by June 8. Detailed information is available on the Gyeongbuk Technopark website.

The precision chemical materials industry is utilized in various fields such as chemical, information and electronics industries, electrical, mechanical, energy, and environmental industries. Due to its wide range of applications, it is regarded as a core national industry that acts as a driving force for future growth engines.

Gyeongsangbuk-do is striving to strengthen the R&D capabilities of local companies in the precision chemical materials industry sector to ensure the continuous growth of key industries in Gyeongbuk, including semiconductors, displays, functional fibers, and automotive materials industries.

Jang Sang-gil, Director of the Science and Industry Bureau, emphasized that fostering the precision chemical materials industry is of utmost importance for Gyeongbuk to lead the national materials and components self-reliance industry, stating, "We will focus support on nurturing the local materials and components industry, which has been stagnant since the Japanese export restrictions and the COVID-19 pandemic."

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