TIPA Introduces 'Non-Face-to-Face One-Stop Evaluation' to Support Startup Technology Development

Application Documents Simplified, Startup Growth Technology Development Project Application Becomes Easier and Faster.

[Asia Economy Reporter Kim Jong-hwa] The Korea Technology and Information Promotion Agency for SMEs (President Lee Jae-hong, TIPA) announced that it is recruiting small and medium-sized enterprises (SMEs) to participate in the '2021 Startup Growth Technology Development Project' to support the growth of startups with growth potential.

The first announcement for the '2021 Startup Growth Technology Development Project' was made on the 26th of last month, and SMEs will be recruited from the 9th of this month until the 25th of next month.

The Startup Growth Technology Development Project is divided into two sub-projects for support: the Didimdol (First Step) task and the Strategic task (in the fields of the 4th Industrial Revolution and materials, parts, and equipment).

Startups with less than 7 years of business experience and annual sales under 2 billion KRW in the previous year, which meet the qualification criteria for each task, can apply.

Starting this year, to reduce the administrative burden on applying SMEs, plans are in place to enhance evaluation efficiency and fairness by △simplifying application documents and △introducing a non-face-to-face one-stop evaluation for the first time.

Detailed information on the project application can be found through the SME Technology Development Project Integrated Management System (www.smtech.go.kr).

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