Gyeonggi-do Certifies 211 Promising SMEs... Provides Additional Points for Support Projects

Evaluation of Technological Innovation and Overseas Market Development

[Asia Economy Reporter La Young-cheol] Gyeonggi Province has certified 211 small and medium-sized enterprises (SMEs) within the province with high growth potential as 'Gyeonggi-do Promising SMEs.'

According to the province on the 1st, out of 839 companies that applied for certification this year, after document evaluation, on-site inspections, and checks for legal violations and administrative sanctions, 11 companies in the startup category, 160 companies in the initial certification category, and 40 companies in the re-certification category were selected as certified companies.

The certification period is 5 years for startups and initially certified companies, and 3 years for re-certified companies.

In particular, this year, to select excellent companies with high growth potential based on technological capabilities, the evaluation was expanded to include indicators of technological innovation efforts such as patent value assessment of core technologies owned by companies and indicators for overseas market development.

Certified companies receive a certification plaque and certificate, the right to use the certification mark, support for brand expansion, and 39 types of incentives from 7 institutions, including additional points when applying for provincial policy funds and corporate support projects from the Gyeonggi-do Economic Science Promotion Agency.

No Tae-jong, head of the Specialized Enterprise Support Division, said, "This year, SMEs that turned crises into opportunities received certification," and added, "We will actively support promising SMEs in the province so that they can revitalize the local economy and create jobs."

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