Ministry of SMEs and Startups Unveils 4 Projects for 'Daestar Solver Platform' in Industrial Accident Prevention Sector

[Asia Economy Reporter Junhyung Lee] The Ministry of SMEs and Startups announced on the 29th that it has unveiled four tasks in the field of industrial accident prevention for the 'Daestar Solver Platform.' The Daestar Solver Platform is a contest where large corporations present challenges and startups solve them. The application period is until the 25th of next month.

Three companies, including the Korea Occupational Safety and Health Agency, Samsung Heavy Industries, and Hoban Construction, participated in the industrial accident prevention tasks. The Korea Occupational Safety and Health Agency proposed two tasks, including a forklift collision accident prevention system through predicting object movement paths during shipbuilding. Samsung Heavy Industries presented a task to develop a composite gas detector and monitoring system to prevent industrial accidents such as chemical gas suffocation. Hoban Construction proposed a task to develop a safety enhancement service to eliminate blind spots in safety management at construction sites.

The contest will proceed through a total of three evaluation stages. In the first stage, a document review, the Ministry of SMEs and Startups will evaluate ideas, innovation, creativity, etc., and select about 20 startups by the end of next month. In the second stage, an in-person evaluation, suitability to the task and technical feasibility will be assessed, and about 15 startups will be selected by September.

Startups that pass the second stage must refine their tasks over approximately two months. Selected startups will receive mentoring from demand companies and experts and undergo the third-stage pitching evaluation in November. The Ministry plans to select three teams per task through the third-stage evaluation.

The Ministry of SMEs and Startups will support the final selected startups with up to 100 million KRW in commercialization funds and up to 2 billion KRW in technology special guarantees. Additionally, they plan to give preferential treatment when applying for strategic tasks under the Startup Growth Technology Development Project, which supports up to 400 million KRW over two years, or the Didimdol Project, which supports up to 150 million KRW over one year.

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