Innovative Ideas for Small Business Owners: Expert Diagnosis, Consulting, and Technology Development Support

[Asia Economy Reporter Kim Cheol-hyun] The Ministry of SMEs and Startups (Minister Kwon Chil-seung, hereinafter referred to as the Ministry) announced on the 24th that it will open the '2022 2nd Living Innovation Technology Development Project for Small Business Owners and Self-Employed' to support the innovation capabilities of small business owners and self-employed individuals.


The 'Living Innovation Technology Development Project' conducted through this announcement is a project that supports technology development that can apply innovative ideas related to small business owners' technology, products, and services to workplaces in a short period. It connects small business owners who find it difficult to conduct their own technology development with institutions to diagnose and plan Phase 1 tasks, and selects tasks with high success potential to support Phase 2 technology development tasks.


Recruitment of Small Business Owners for Lifestyle Innovation Technology Development Project Participation View original image


Small business owners selected for Phase 1 tasks can utilize the planning capabilities, cooperative networks, and research equipment possessed by diagnostic and planning institutions to receive support for research and development (R&D) planning and professional research personnel, and after completing Phase 1 and undergoing evaluation, small business owners selected for Phase 2 tasks can receive up to 6 months and 30 million KRW in technology development funds.



In 2022, the diagnostic and planning institutions designated are three universities: Suwon University, Jeonbuk National University, and Hansung University, and small business owners wishing to participate in this project can apply through these institutions from the 12th to the 26th of next month. Lim Dong-woo, Head of Smart Small Business Development at the Ministry, said, "This project is a great opportunity to realize innovative ideas in the livelihood sites of small business owners."


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

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