Public Procurement Service Selects Institutions for Pilot Use of Innovative Products and Promotes Purchases Worth 16.4 Billion KRW

[Asia Economy (Daejeon) Reporter Jeong Il-woong] The Public Procurement Service announced on the 15th that it has designated 147 government public institutions as pilot users of innovative products and plans to purchase innovative products worth approximately 16.4 billion KRW across 68 products.

The 68 products included in the pilot purchase project will have purchase contracts signed by next month, followed by a 2 to 3-month pilot usage period to support commercialization.

Earlier, the Public Procurement Service signed pilot usage contracts for innovative products worth about 7.5 billion KRW in the first quarter. Adding the additional 16.4 billion KRW brings the confirmed project plan to 23.9 billion KRW (53%) out of the 44.5 billion KRW budget allocated for the pilot purchase project this year.

The Public Procurement Service plans to finalize the remaining projects through two demand surveys scheduled for the second half of the year.

The innovative product pilot purchase project is promoted by the Public Procurement Service purchasing innovative products as the first buyer and supplying them to government and public institutions to promote public procurement of innovative products and provide feedback to companies to support further development.

Kang Shin-myeon, Director of the Purchasing Business Bureau at the Public Procurement Service, said, “The innovative product pilot purchase project is an important means to improve public services and activate the purchase of innovative products. As the scope of innovative products, pilot purchase budget, and institutional interest have increased, we will focus on establishing a foundation for mutual growth between demand institutions and companies through transparent and fair operations.”

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