GH, Support for SME Technology Development Project Expenses in China

[Asia Economy (Suwon) = Reporter Lee Young-gyu] Gyeonggi Housing and Urban Corporation (GH) is announcing a call for projects under the 'GH Private Sector Cooperation Technology Development Project' to seek win-win cooperation and mutual growth with small and medium-sized enterprises.

This call focuses on promoting technology development by providing development funds and applying the developed excellent technologies to projects promoted by GH.

The target of the call is technologies and products necessary for cost reduction and quality improvement in the fields of urban development and housing construction. The application process is conducted in the form of 'company-proposed projects,' where participating companies freely set and propose their own tasks.

Selected companies will receive project funding (70% of direct costs, up to 70 million KRW). Technologies that receive excellent evaluations in the final assessment after project completion will also receive support for market expansion, such as on-site support for trial construction.

GH will accept applications through the corporation’s website and other channels until the 19th of next month, then evaluate the necessity of technology development, commercialization potential, field applicability, and appropriateness of project costs (direct costs) to finalize the selected projects by September.

Since 2015, GH has been conducting private sector cooperative technology development with over 10 companies.

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