Ideas for Solving SME Issues in One Place

Jungjinkong, 16 SME Support Ideas Finally Selected
Award Ceremony for the 29th SME Venture Business Support Policy Idea Contest

[Asia Economy Reporter Kim Cheol-hyun] The Small and Medium Business Corporation (Chairman Kim Hak-do, hereinafter referred to as SBC) announced on the 27th that it will hold an awards ceremony for the 16 final winning entries of the 29th Small and Medium Business Support Policy Idea Contest.

SBC has been operating a public participation idea contest since 1991. Ideas discovered through the contest are utilized for developing new support projects and innovating institutional operations. This year, communication was strengthened by reflecting public opinions during the final evaluation to improve policy services needed by users.

This contest received a total of 73 submissions, including policy ideas and research papers, across five fields: post-COVID response, Korean New Deal 2.0, regional innovation, and others. SBC selected 2 grand prize winners, 4 excellence awardees, 4 merit awardees, and 6 encouragement awardees through public surveys and expert evaluations.

The grand prizes were awarded to the policy idea category for "Proposal of a customized Tomorrow Filling Deduction new product to alleviate livelihood instability of SME workers in housing and jobs," and in the research paper category for "A study on the application of Explainable AI (XAI) for SME evaluation."

The excellence awards included four works: ▲ Selective block support system and carbon commercialization grading system for carbon neutrality ▲ Stepwise support for SME digital transformation through regional ICT SME partnerships ▲ Local enterprise win-win project to overcome regional extinction ▲ A study on the paradigm shift in SME credit evaluation: focusing on investment-grade from an investment perspective.

Additionally, ideas reflecting recent issues such as electric vehicle battery recycling, marketing using metaverse platforms, startup investment attraction support plans, and ESG reward point systems attracted attention.

Lee Sung-hee, Vice Chairman of SBC, said, "This contest was a valuable opportunity to consider the direction of support policies for small and medium ventures amid rapidly changing environments. SBC will create policies that companies can feel based on valuable ideas proposed and selected together with the public."

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