Gyeonggawon Supports 45 Companies Participating in Pet Supplies Business

[Asia Economy (Suwon) = Reporter Lee Young-gyu] The Gyeonggi-do Economic Science Promotion Agency will support companies participating in the pet supplies business.

The agency announced on the 23rd that it will promote the 'Pet Supplies Commercialization Support Project,' which discovers excellent small and medium-sized enterprises (SMEs) in pet supplies and supports product commercialization and market development, and is recruiting participating companies until the 11th of next month.

This year, the agency especially expanded funding for market development support. Additionally, to select outstanding companies, it newly established an evaluation item for 'R&D investment' and decided to give extra points to companies that have established and operate a 'corporate research institute' or an 'R&D dedicated department.'

Regarding support by category, first, five companies will be selected to receive up to 12 million KRW within 70% of the costs required for new design development, mockup, and mold development.

Also, 40 companies will be selected to receive up to 4 million KRW within 70% of the costs required for supporting participation in domestic pet-related exhibitions and online market development.

Eligibility for application is SMEs related to the pet supplies industry with headquarters or factories located in the province.

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