Gwangju Buk-gu Announces Call for Excellent Technology Prototype Production Support Project Until the 9th

[Asia Economy Honam Reporting Headquarters Reporter Kim Yukbong] Buk-gu, Gwangju Metropolitan City (District Mayor Moon In) announced on the 5th that it will hold a public contest for the '2021 Excellent Technology Prototype Production Support Project' targeting local small and medium-sized enterprises until the 9th.

This project was prepared to support small and medium-sized enterprises that have ideas but face difficulties in product production due to lack of manpower and cost burden.

Buk-gu, together with the Gwangju branch of the Korea Invention Promotion Association, plans to select 9 companies next month and support a total of 100 million KRW, covering up to 80% (within 9 million KRW) of the prototype production costs.

The support targets are companies headquartered in Buk-gu that wish to commercialize self-developed technologies or companies that receive technology transfers from public institutions.

When selecting support targets, additional points are given to disabled persons, women, 4th industry, and social enterprises to promote social economy and consideration for vulnerable groups.

Applications can be submitted by visiting or mailing the required documents such as the prototype production plan and company financial statements to the Gwangju branch of the Korea Invention Promotion Association.

For more details about the contest, inquiries can be made to the Buk-gu Office's Civil Economy Division or checked on the Gwangju Intellectual Property Center website.

Mayor Moon In of Buk-gu said, "I hope that creative and excellent technologies of small and medium-sized enterprises will be commercialized through this project," and added, "We will continue to actively support strengthening the competitiveness of small and medium-sized enterprises striving for technology development amid difficult economic conditions."

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