Selection of 'KETI·KAIST' as Operational Institutions for Strategic Cooperation in Materials, Parts, and Equipment Technology Development
[Asia Economy Reporter Kim Jong-hwa] The Ministry of SMEs and Startups announced on the 6th that it has selected the Korea Electronics Technology Institute (KETI) and the Korea Advanced Institute of Science and Technology (KAIST) as operating institutions for the 'Materials, Parts, and Equipment Strategic Cooperation Technology Development' project.
The 'Materials, Parts, and Equipment Strategic Cooperation Technology Development' is a newly introduced technology development support project this year. It selects universities and research institutions with technology, infrastructure, and personnel in the materials, parts, and equipment sector as operating institutions, and supports up to 3 years and 1.2 billion KRW in technology development funds for cooperative projects between operating institutions and promising SMEs in the sector to promote innovative technology development.
The Ministry of SMEs and Startups evaluated a total of nine applicant institutions (six research institutes and three universities) based on project capability and operational strategy, and finally selected two institutions.
KETI received high marks for its excellent internal human and physical infrastructure and its contribution capability to technology commercialization for SMEs, while KAIST was highly evaluated for the expertise of dedicated personnel for project planning and its ability to discover candidate projects.
The two selected operating institutions will directly identify technologies needed in the market, plan technology proposal requests, and act as a technology development platform by conducting joint research and development with SMEs, providing customized support according to the technology development demands of each company.
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Cha Jung-hoon, Director of the Startup Venture Innovation Office at the Ministry of SMEs and Startups, said, "This year, we will pilot the materials, parts, and equipment strategic cooperation technology development in the form of 'platform cooperation technology development,' and will expand this in the future to create a sustainable cooperative ecosystem for materials, parts, and equipment technology development and support the strengthening of SMEs' technological competitiveness."
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