Gyeongnam Province Promotes Support for Public Procurement Registration of 'Corporate Innovative Prototype Products'

Entry to Public Procurement Service 'Innovation Market' Possible Upon Designation as Innovative Prototype

[Asia Economy Yeongnam Reporting Headquarters Reporter Hwang Choi Hyun-joo] Gyeongnam Province announced on the 9th that it held a meeting with the ‘Gyeongnam Province Procurement Innovation TF’ formed last month and the ‘Public Procurement Service’ to support the registration of innovative prototypes produced by local companies on the Public Procurement Service’s ‘Innovation Market’ and to strengthen measures to expand sales channels.

The meeting was attended by related parties including cities and counties, Gyeongnam Technopark, funded institutions, and small but strong research special zones.

Additionally, the meeting included ▲ an explanation of the public innovation procurement policies and support measures of the Gyeongnam Procurement Office ▲ guidance on registering innovative prototypes in 2020 ▲ Gyeongnam Province’s plan to promote innovation-oriented public procurement ▲ Changwon City’s method of purchasing innovative prototypes ▲ and a presentation of cases on the registration and commercialization performance of innovative prototypes such as the ‘Smart Tap Water Dispenser Capable of Real-Time Water Quality Monitoring’ by Suntec Engineering Co., Ltd. in Yangsan, Gyeongnam.

So far, among the total 81 innovative prototypes registered on the Public Procurement Service’s Innovation Market, three prototypes from the province have been registered.

The Service opened a dedicated platform for innovative procurement on the Nara Marketplace in February this year and had registered 81 innovative prototypes as of last month, aiming to register 300 by the end of the year.

Lee Sam-hee, Director of the Autonomous Administration Bureau of Gyeongnam Province, emphasized, “The key to public procurement is to discover and designate excellent innovative prototypes from companies to broaden the range of choices so that they can be applied to public institution tasks,” adding, “It is a time when public institutions need to become leading purchasers of innovative products developed by companies and actively respond to fostering next-generation industries and small and medium venture businesses.”

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