Government Supports Overseas JV Establishment for DNA Technology Companies... Applications Open from the 28th

2022 DNA Fusion Products and Services Overseas Expansion Support Project

[Asia Economy Reporter Minyoung Cha] The government is promoting a project to support the establishment of technology-matching joint ventures (JVs) in the 'Data, Network, Artificial Intelligence (AI) (DNA)' sector for the second consecutive year.

The Ministry of Science and ICT announced on the 27th that it will recruit about 30 companies for the '2022 DNA Convergence Products and Services Overseas Expansion Support' program.

This project supports local joint ventures through technology matching between domestic innovative companies and overseas companies, marking its second year this year. Support is provided according to company needs, including discovery, matching, establishment, and operation.

The selection announcement will be posted on the Ministry of Science and ICT and Born2Global Center websites on the 28th. Applications can be submitted via email to Born2Global Center from the 28th of this month until the 29th of next month.

Last year, through this support project, 10 joint ventures were established with local companies from the United States, Europe, Japan, Southeast Asia, and Australia. The domestic companies are Albaim, InnoCS, Genie Robot, Posture360, NP Core, Team Grit, Giwon Tech, Energy X, The Coder, and IM Technology.

Song Sang-hoon, Director of the Information and Communication Industry Policy Bureau at the Ministry of Science and ICT, stated, "The government will actively support the overseas expansion of capable domestic companies through the establishment of overseas joint ventures in the era of digital transformation."

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