Support for Mass Production Performance Evaluation of Materials, Parts, and Equipment... "Expansion of Commercialization"

Announcement of Support Project for Mass Production Performance Evaluation in 6 Major Fields: Semiconductor, Display, Automotive, Electronics & Electrical, Mechanical & Metal, Basic Chemistry

[Asia Economy Reporter Moon Chaeseok] The Ministry of Trade, Industry and Energy announced on the 23rd that it will open the 2024 Materials, Parts, and Equipment Mass Production Performance Evaluation Support Project and accept applications from participating companies and institutions from the 24th of this month until July 22.

This project evaluates materials, parts, and equipment (SoBuJang) items that have completed technology development but have not yet been evaluated by demand companies, by assessing them on the actual production lines of demand companies and supporting subsequent performance verification and improvement. A national budget of 40 billion KRW will be invested.

This year, the project will be expanded to cover six core strategic areas of SoBuJang. In addition to the existing semiconductor and display sectors, automobile, electronic and electrical, machinery and metal, and basic chemicals will be added.

Last year, the 'Semiconductor and Display Mass Production Performance Evaluation Project' (130 tasks, 35 billion KRW), implemented as a supplementary budget project, will be expanded and reorganized (170 tasks, 40 billion KRW) and promoted.

Demand companies and supply companies will jointly plan and execute tasks to increase commercialization potential. Industry-specific associations and organizations will participate as comprehensive institutions by sector to connect demand and supply companies.

Applications will be selected based on a comprehensive evaluation of supply chain stabilization, the importance of items, and the willingness of demand companies to participate.

Up to 200 million KRW will be supported for all costs related to mass production performance evaluation. The support funds will be used for costs such as prototyping modularization and labor expenses for selected tasks.

Additionally, items requiring further technical support to increase mass production feasibility will receive support for subsequent performance improvements.

An official from the Ministry of Trade, Industry and Energy explained, "The significance of the mass production performance evaluation support project lies in providing continuous support throughout all cycles from the SoBuJang technology development stage to just before commercialization without any gaps."

The commercialization cycle of SoBuJang proceeds as technology planning → technology development → prototype production → reliability evaluation → mass production performance evaluation → mass production.

The ministry official added, "To leap forward as a SoBuJang powerhouse leading the global market, the government will continue to spare no support it can provide."

For more detailed information about the announcement, please visit the Ministry of Trade, Industry and Energy website or the Korea Institute for Advancement of Technology website, the project executing institution.

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