Incheon TP Supports Local Companies in Industrial Complex Revitalization... Aiding Manufacturing Innovation

[Asia Economy Reporter Park Hyesook] Incheon Technopark (Incheon TP) announced on the 17th that it will carry out the 'Industrial Complex Major Renovation Regional Enterprise Support Project' to help the growth of small and medium manufacturing enterprises.

This project aims to create jobs in industrial complexes and drive innovation in manufacturing by supporting companies in product design development, prototyping for validation, and marketing for successful domestic and international market entry.

For design development, 10 companies will be selected to receive support of up to 15 million KRW per company for costs involved in market research on products, design research, idea concretization (2D·3D), design drafts, and mockup production and verification.

For prototyping, 24 companies will be chosen to receive up to 7.5 million KRW each to support mockups based on product design development, 3D printing for product function testing, wax master production for precision casting, and smart scanning (3D reverse engineering).

For marketing, 20 companies will each receive 1.2 million KRW for detailed page production costs for online sales, and 7 companies will each receive 5.7 million KRW to assist with entry into global online platforms such as Alibaba.

The support targets are small and medium manufacturing enterprises located in Namdong, Juan, Bupyeong National Industrial Complexes, and Songdo International City. Design companies and universities can participate as production companies in the product design development field.

Applications for support can be submitted through the Incheon TP or Incheon Design Support Center websites by the 7th of next month.

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