Jungjingong, Recruiting Participating Companies for the SME Innovation Voucher Program

Recruiting 1,600 Manufacturing SMEs... Up to 50 Million KRW Support Per Company

[Asia Economy Reporter Kim Cheol-hyun] The Small and Medium Business Corporation (Chairman Kim Hak-do, hereinafter referred to as SBC) announced that it will recruit the first round of participants for the SME Innovation Voucher Project starting from the 5th. The SME Innovation Voucher project provides consulting, technical support, and marketing services as a package to drive management innovation in manufacturing SMEs. The support target is manufacturing small enterprises with sales of 12 billion KRW or less.

SBC has allocated 35.7 billion KRW, which is 80% of the annual budget of 44.6 billion KRW for the first project, and plans to recruit 1,600 companies. Companies will be selected considering key target industries by region and growth potential, and full-scale support will begin in June. Selected companies will receive differential support ranging from 50% to 90% of the total voucher amount, up to a maximum of 50 million KRW, based on the average sales scale over three years. Companies can freely choose and use desired services from the service menu using the vouchers.

In particular, this year, consulting in the fields of convergence and industrial safety has been newly introduced to strengthen SMEs' capacity to respond to changes in government policies and the business environment. Additionally, SBC plans to expand support for low-carbon management transformation of small enterprises by establishing a carbon-neutral track from the second recruitment, including carbon-neutral management innovation consulting.

The project announcement will be conducted sequentially by regional Small and Medium Venture Business Offices, considering the target industries and timing by region. You can check the announcement and apply for the project on the Innovation Voucher website. Jung Jin-woo, Head of Corporate Support at SBC, said, "Last year, we newly introduced the Innovation Voucher project and actively supported the manufacturing innovation of 1,637 companies," adding, "SBC will lead the growth of manufacturing SMEs by expanding demand-tailored services in line with changes in the internal and external economic environment, such as carbon-neutral management transformation."

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