Ministry of SMEs and Startups Opens Applications for 2nd Round of Export Voucher Program... "930 Companies Supported"

[Asia Economy Reporter Junhyung Lee] The Ministry of SMEs and Startups announced on the 30th that it is recruiting the second round of participants for the '2021 Export Voucher Project.' The application period is from the 31st to the 18th of next month. Applications can only be submitted online through the Export Support Infrastructure Utilization Project website.

The Export Voucher Project supports domestic and export SMEs to use customized overseas marketing services tailored to their company size and capabilities. The Ministry of SMEs and Startups plans to allocate a budget of 33.7 billion KRW for the second recruitment to support about 930 companies.

Support targets and support scale by detailed project of the Export Voucher Program.
[Photo by Ministry of SMEs and Startups]

All SMEs under the Framework Act on Small and Medium Enterprises are eligible to participate. The Ministry divides the recruitment into 'Growth Voucher' and 'Innovation Voucher' categories. The Growth Voucher supports companies according to export growth stages such as ▲domestic ▲beginner ▲promising ▲growth. The Innovation Voucher strategically supports innovative growth companies such as ▲startups ▲Brand K companies ▲regulatory free zones ▲smart manufacturing innovation ▲new industries and K-Bio ▲global strong SMEs.

Selected companies can receive export vouchers worth up to 100 million KRW depending on their export scale last year. Once issued, companies can freely use various export support services necessary throughout the export process within the voucher limit through registered executing agencies.

Meanwhile, the Ministry of SMEs and Startups newly established the international transportation service sector within overseas marketing services last month. This aims to alleviate the burden on SMEs facing difficulties due to the recent sharp rise in logistics costs. With the establishment of the international transportation service sector, international logistics costs for products contracted with overseas buyers can also be supported up to 20 million KRW through the export voucher.

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