TIPA-Army, Business Agreement to Foster Small and Venture Companies in the Defense Sector

Demand-Based Civil-Military Cooperative Technology Development, Demonstration, and Public Procurement Support by the Army

The Korea Technology and Information Promotion Agency for SMEs (TIPA) and the Army signed a business agreement to revitalize small and venture businesses and strengthen the Army's capabilities in 4th Industrial Revolution technologies. Lee Jae-hong, Director of TIPA (right), and Lee Kyung-il, Chief of the Army Headquarters Informatization Planning Staff Department.
[Photo by TIPA]

[Asia Economy Reporter Kim Jong-hwa] The Small and Medium Business Technology Information Promotion Agency (TIPA) and the Army Headquarters Informatization Planning Staff signed a business agreement on the 28th at the Gyeryong Army Headquarters to promote the growth of small and medium venture enterprises and strengthen the Army's 4th Industrial Revolution technological capabilities.

The main contents of this agreement include discovering and supporting civilian-military cooperative technology development projects, identifying and supporting the demand for small and medium venture enterprises to utilize the Army testbed, and promoting and sharing information on technology innovation events for small and medium venture enterprises co-hosted by both parties.

When the Army identifies development demands necessary to strengthen new technology capabilities for the 4th Industrial Revolution, TIPA will recruit and select small and medium venture enterprises to carry out these projects and provide funding for technology development. Additionally, to discover civilian-military cooperative technology development projects in the defense sector and facilitate smooth project execution, the Army will open its testbed to provide a technology demonstration environment and data.

Cooperation will also be promoted for the promotion of technology innovation-related seminars, forums, and other events for small and medium venture enterprises co-hosted by both organizations, such as the Army Digital Culture Innovation Development Seminar, as well as for other information exchanges.

Accordingly, it is expected that civilian-military cooperation will be revitalized as small and medium venture enterprises, which have faced difficulties in technology demonstration and commercialization, utilize the Army's demonstration environment to generate ideas linked to defense demands and carry out open innovation technology development projects.

Lee Jae-hong, President of TIPA, stated, "A meaningful opportunity has been created for small and medium venture enterprises to enter the defense procurement market, which they have found difficult to access, and for the Army to strengthen its technological capabilities. The cooperation model between the two organizations will serve as a catalyst for technology innovation in small and medium venture enterprises and play an important role in strengthening national science and technology and defense capabilities."

Lee Kyung-il, Director of the Army Headquarters Informatization Planning Staff, said, "An important opportunity has been created for scientific and technological development through civilian-military coexistence and for the Army to leap forward as an advanced science and technology force. To continuously introduce new civilian technologies into the military, we will closely cooperate with related organizations and groups on regulatory improvements, budget support, R&D technology development, and more to realize the goal of building an advanced science and technology force at an early stage."

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