Ministry of SMEs and Startups Announces Innovation Voucher Program for SMEs... Up to 50 Million KRW Support

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[Asia Economy Reporter Kim Bo-kyung] The Ministry of SMEs and Startups announced on the 14th that it will issue a consolidated notice for the '2022 SME Innovation Voucher Project' aimed at enhancing the competitiveness of small and medium-sized enterprises.

The SME Innovation Voucher Project provides consulting, technical support, and marketing services to manufacturing SMEs for management innovation and business revitalization activities.

This year, two new service programs, including ESG and IP consulting, were introduced to strengthen the innovation capabilities of SMEs.

The innovation voucher support targets manufacturing small enterprises with an average sales revenue of 12 billion KRW or less over the past three years, allowing them to select desired service fields and service providers for customized support.

The first recruitment will be announced sequentially from the end of February through the websites of 13 regional Small and Medium Venture Business Administrations.

The support scale will be differentiated by 50-90% of the voucher issuance amount according to the average sales revenue over the past three years, with a maximum limit of 50 million KRW per company, considering region-specific priority industries.

Companies wishing to participate in the project can apply online through the Innovation Voucher platform homepage.

For detailed inquiries related to the project, companies can use the SME Integrated Call Center or the Korea SMEs and Startups Agency information call center.

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