Ministry of SMEs and Startups Calls for Participants in 2022 Smart Manufacturing Innovation Technology Development Project

[Asia Economy Reporter Kim Jong-hwa] The Ministry of SMEs and Startups announced on the 29th that it is recruiting companies eligible for support under the '2022 Smart Manufacturing Innovation Technology Development Project.'

The Smart Manufacturing Innovation Technology Development Project is a large-scale technology development initiative, in collaboration with the Ministry of Science and ICT, aimed at developing technologies for smart factory suppliers who play a key role in advancing smart factories. From 2022 to 2026, a total of 434.1 billion KRW, including 328.8 billion KRW in government funding, will be invested in three major areas: advanced manufacturing, flexible production, and field application.

In 2022, the Ministry of SMEs and Startups will first select 25 projects in the advanced manufacturing field and 24 projects in the flexible production field, supporting up to 3.6 billion KRW per project until 2025. For the field application area, 195 projects will be selected starting in 2024, with support of up to 450 million KRW per project until 2026.

The eligible applicants for the Smart Manufacturing Innovation Technology Development Project are small and medium-sized enterprises capable of developing smart manufacturing supply technologies. They must participate as a consortium with large, medium, or small and medium enterprises (demand companies) that will utilize or apply the developed technologies.

Companies wishing to participate can apply through the Pan-Government Integrated Research Support System from January 7 to February 7, 2022. For more detailed information, please visit the Ministry of SMEs and Startups website or the Comprehensive Management System for SME Technology Development Projects.

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