"Startups Solve Problems Big Corporations Couldn't"…Ministry of SMEs and Startups Opens Applications for Public-Private Cooperation OI

[Asia Economy Reporter Kim Bo-kyung] The Ministry of SMEs and Startups has finalized the projects for the 'Public-Private Cooperation Open Innovation Contest (hereinafter referred to as Public-Private Cooperation OI)' and will begin accepting applications from startups wishing to participate starting on the 28th.

This Public-Private Cooperation OI will be conducted in a way that startups solve problems that large corporations have not been able to resolve by utilizing creative ideas and technologies.

In particular, through in-depth verification by demand companies and private experts, sustainable collaborative projects were discovered focusing on △4th Industrial Revolution fields (Metaverse, Artificial Intelligence) and △ESG (Environment, Social, Governance) management fields.

For award-winning companies, follow-up support will be provided, including commercialization funds (up to 100 million KRW) and technology development funds (up to 300 million KRW) that can be used in the process of concretizing ideas and commercializing solutions for the projects.

The application period is from the 28th to August 11th. More detailed information about the Public-Private Cooperation OI and how to apply can be found on the K-Startup website or through the business announcement posted on the Corporate Plaza.

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