Gyeonggi-do, 'Promising Small and Medium Enterprises Certification'... 200 Companies Selected This Year

7 Institutions Granting 39 Types of Preferential Benefits Over 5 Years

File photo [Provided by Gyeonggi-do]

[Asia Economy Reporter Ra Young-cheol] Gyeonggi Province announced on the 29th that it will select 200 small and medium-sized enterprises (SMEs) within the province with excellent technological capabilities and high growth potential as the "2021 Gyeonggi Province Promising SMEs."

The province plans to select 10 startups, 150 first-time certified companies, and 40 re-certified companies among small manufacturing companies, venture companies, and knowledge service industry companies whose headquarters or factories are located within the province.

The startup category includes companies with a business history of more than 2 years but less than 3 years, and the first-time certification category includes companies with a business history of more than 3 years. The re-certification category targets promising SMEs whose certification has expired or is due to expire this year and who wish to be re-certified.

Selected companies will be awarded a certification mark for the designated period along with a plaque and certificate. They will also receive benefits such as support for brand expansion projects and advertising promotion support.

Additionally, seven institutions will provide a total of 39 benefits, including extra points when applying for support projects, additional points and interest rate support when applying for SME development funds, and extra points when applying for trade fund loan projects.

In particular, this year, to select excellent companies with high growth potential based on technological capabilities, the evaluation indicators for technological innovation efforts will be expanded by reflecting the patent value assessment of the core technologies owned by the companies.

To this end, new evaluation indicators have been added for companies holding Inno-Biz or Main-Biz certifications in the new certification evaluation criteria, and for re-certification, new indicators have been established for internationalization efforts and companies selected as 'Top 100 Small Giants' in materials, parts, and equipment.

The province plans to finalize the certified companies in November after document screening and on-site inspections of the applicant companies.

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