Ministry of Industry Supports Technology Advancement of Sobujang Companies with 7 Billion Won Investment

[Asia Economy Sejong=Reporter Dongwoo Lee] The Ministry of Trade, Industry and Energy announced on the 13th that it has opened the 'SoBuJang Convergence Innovation Support Group Technology Support Project' to enhance the technological capabilities of materials, parts, and equipment (SoBuJang) companies.

This project involves collaboration among 37 public research institutions to solve the technical difficulties faced by small, medium, and SoBuJang companies. The Ministry of Trade, Industry and Energy has allocated 7.05 billion KRW for this project this year.

This year, the project prioritizes support in three major areas: carbon neutrality, supply chain stability, and digital transformation. The project is conducted in the form of 'short-term technology support' or 'intensive technology support' across all stages of product development, including design, prototype production, and commercialization.

Short-term technology support involves experts from public research institutes visiting companies directly for less than three months to provide technical difficulty analysis and technical guidance and consulting services. Approximately 900 companies are expected to benefit.

Intensive technology support is carried out over one year by supporting 60 selected 'SoBuJang company-public research institution consortiums' through an open call. Each project receives support ranging from 50 million KRW to 200 million KRW to solve commercialization challenges.

Applications for short-term technology support can be submitted year-round through the Convergence Innovation Support Group’s company support desk, while applications for intensive technology support must be submitted by the 15th of next month via the Korea Institute for Advancement of Technology’s project management system.

The Ministry of Trade, Industry and Energy stated, "This technology support project will further strengthen cooperation between public research institutions and companies by having experts visit sites directly to promptly resolve issues."

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