Gyeonggi-do Supports Technology Development for Small and Medium Textile Enterprises

Enhancing R&D Competitiveness and Promoting Commercialization through Applied Technology Development

▲Conceptual image of a future wearable display applying fiber-based organic light-emitting diodes. [Photo by KAIST]

[Asia Economy Reporter La Youngcheol] Gyeonggi Province supports technology development for small and medium-sized enterprises (SMEs) in the textile sector within the province.

The province announced on the 18th that it will promote the "2021 Textile (Leather) Sector Enterprise Commercialization Promotion Technology Development Project" in cooperation with the Gyeonggi Economic Science Promotion Agency to revitalize the stagnant textile industry.

This support aims to enhance the research and development (R&D) competitiveness of SMEs in the textile sector within the province and to promote commercialization through the development of applicable technologies.

Short-term research projects (within one year) such as new product development in the textile sector can be proposed, and technology development costs such as prototype production or material purchases will be supported.

After document and presentation evaluations, about five projects will be selected, and technology development costs of up to 150 million KRW per project will be supported within 70% of the total project budget.

Starting this year, companies will be recruited through an open call to support promising technology projects that can be commercialized simultaneously with technology development.

Textile (leather) companies with their main office or factory located within the province are eligible, and universities and research institutions nationwide can participate as joint institutions.

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