'Intellectual Property and Startup Promotion Support'... Driving Growth of SMEs in Gyeonggi-do

Photo of data = Aerial view of Guri Galmae Knowledge Industry Center, Gyeonggi Province [Provided by Guri City]

[Asia Economy Reporter La Young-cheol] Last year, the 'Intellectual Property Creation and Startup Promotion Support Project' jointly promoted by Gyeonggi Province and the Korean Intellectual Property Office was found to have helped the growth of small and medium-sized enterprises related to intellectual property.

According to Gyeonggi Province on the 16th, a total of 1,012 cases were supported for 392 companies, achieving 234 domestic intellectual property rights acquisitions, 475 overseas intellectual property rights acquisitions, 330 jobs created, and 32 startups.

In particular, 72 early-stage startup companies that received support showed growth by attracting commercialization funds such as an increase in sales of 9.4 billion KRW and investments of 12.7 billion KRW.

AI Control Co., Ltd., a startup manufacturing industrial robots, achieved results in prototype production and domestic and international intellectual property rights applications with the help of the IP Didimdol program.

Deepfine Co., Ltd., an AI-based augmented reality platform company, secured a patent for an AI-based voice recognition control system through support from the IP Narae program, creating more than 10 jobs, winning investments and government projects worth over 1 billion KRW, and increasing sales fivefold.

LivesMed Co., Ltd., a medical device manufacturer, developed 'Artisential,' a disposable multi-joint laparoscopic surgical instrument that can replace expensive laparoscopic robot surgery, exporting to 17 countries and starting official sales in the US Top 5 hospital network, resulting in exports increasing about fivefold compared to the previous year.

Building on these achievements last year, the province plans to invest a total project budget of 6.3 billion KRW this year, including 3 billion KRW in national funds, 2.3 billion KRW in provincial funds, and 1 billion KRW in city and county funds.

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