TIPA Discovers 27 Startup Companies Leading the 'Korean New Deal'... 10 Billion KRW Support Over 2 Years

[Asia Economy Reporter Junhyung Lee] The Korea Technology and Information Promotion Agency for SMEs (TIPA) announced on the 14th that it will discover and support 27 technology startup companies in the Korean New Deal sector.

TIPA will select 27 companies through the recruitment of the '2021 Startup Growth Technology Development Project Strategic Tasks.' The companies discovered through this project will receive a total of 10 billion KRW in research and development (R&D) funding over a maximum of two years. The support scale per company is up to 200 million KRW annually. 2.9 billion KRW has been allocated to 8 companies in the Green New Deal sector, and 7.1 billion KRW to 19 companies in the Digital New Deal sector.

TIPA established this project last year to enhance the technological competitiveness of startup companies related to the government's Korean New Deal policy. In the Green New Deal sector, companies mainly engaged in green industries such as ▲renewable energy ▲eco-friendly materials ▲resource circulation, which will serve as the foundation for carbon neutrality, were selected. In the renewable energy field, R&D projects such as ▲transparent solar modules with adjustable transmittance ▲intelligent plastic sorting robot systems for resource circulation are underway.

Lee Jae-hong, Director of TIPA, said, "The role of promising Green New Deal companies is important to transition to an eco-friendly and low-carbon economy," adding, "We will actively support the selected technology startup companies to become key players leading global climate response."

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