635 Billion Won in 'Conditional New Product Development' Contributions in the First Half of This Year
165 Projects Selected Out of 408 Applications
Average Support of 380 Million KRW per Project
[Asia Economy Reporter Kim Daeseop] The Small and Medium Business Technology Information Promotion Agency announced on the 19th that a total of 63.5 billion KRW in government grants will be provided for projects selected in the first half of this year’s Purchase-Conditioned New Product Development Program.
A total of 408 projects were submitted for the purchase-linked and joint investment free application categories of the Purchase-Conditioned New Product Development Program in the first half of this year. Among them, 165 projects were finally selected. During the project execution period, a total of 63.5 billion KRW in government grants, averaging 380 million KRW per project, will be supported to the respective companies.
The selection rates by technology field for this Purchase-Conditioned New Product Development Program were investigated as follows: 'Mechanical & Materials' 37.6% (62 projects), 'Electrical & Electronics' 20.6% (34 projects), 'Information and Communication' 15.2% (25 projects), 'Chemistry' 12.1% (20 projects), 'Bio-Medical' 9.1% (15 projects), 'Knowledge Services' 3.6% (6 projects), and 'Energy Resources' 1.8% (3 projects).
Applications for the second half of this year’s Purchase-Conditioned New Product Development Program have also been completed. Starting from the 20th, about 350 projects will be selected and supported through evaluation. Detailed information can be found on the Small and Medium Business Technology Development Support Project Integrated Management System website.
Hot Picks Today
!["Rather Than Endure a 1.5 Million KRW Stipend, I'd Rather Earn 500 Million in the U.S." Top Talent from SNU and KAIST Are Leaving [Scientists Are Disappearing] ①](https://cwcontent.asiae.co.kr/asiaresize/93/2026051914165468840_1779167814.png)
"Rather Than Endure a 1.5 Million KRW Stipend, I'd Rather Earn 500 Million in the U.S." Top Talent from SNU and KAIST Are Leaving [Scientists Are Disappearing] ①
- "Not Jealous of Winning the Lottery"... Entire Village Stunned as 200 Million Won Jackpot of Wild Ginseng Cluster Discovered at Jirisan
- "I'll Stop by Starbucks Tomorrow": People Power Chungbuk Committee and Geoje Mayoral Candidate Face Criticism for Alleged 5·18 Demeaning Remarks
- 2030s Prefer Temples, 5060s Choose Art Museums... Data Reveals Diverging Travel Preferences
- "How Did an Employee Who Loved Samsung End Up Like This?"... Past Video of Samsung Electronics Union Chairman Resurfaces
Lee Jaehong, President of the Small and Medium Business Technology Information Promotion Agency, said, "This Purchase-Conditioned New Product Development Program will be an optimal platform where both SMEs and demand companies can win-win," adding, "In particular, the agency will do its best to support overcoming the harsher internal and external adversities faced by SMEs."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
