Gyeongnam Province to Discover 15 'Star Companies' This Year ... Supporting Technology Commercialization

Support for Commercialization Research Project Funding Within 200 Million Won Next Year

[Asia Economy Yeongnam Reporting Headquarters Reporter Park Saeyan] Gyeongnam Province announced on the 22nd that it will discover 15 companies this year to nurture small and medium-sized enterprises (SMEs) with outstanding contributions to the local community as regional star companies.

Companies designated as 'star companies' will receive support for exclusive star company programs within 30 million KRW per year, including research and development (R&D), technology roadmap consulting for target market entry, and responses to overseas technical barriers.

In addition, experts from industry-academia-research will be connected to systematically assist with growth strategy consulting reflecting government policies and guidance on differentiation strategies for the company's proprietary technologies. Furthermore, companies will be granted eligibility to apply for the Ministry of SMEs and Startups' public project (exclusive R&D for star companies) next year, and through evaluation, receive up to 200 million KRW annually (for up to 2 years) in commercialization research project funds.

Applications are open to small and medium-sized corporations headquartered or with main business sites in the province, operating in industries related to the region's key industries and their upstream and downstream sectors. Companies must employ at least 10 regular workers and have an average sales revenue between 5 billion KRW and less than 40 billion KRW over the past three years.

Companies wishing to participate can apply online through the Gyeongnam Technopark website, the executing agency, by the 29th of next month.

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