Jungjingong and Saenggiwon Join Hands to Support SME Technology Innovation

Agreement on Establishing a Technology Cooperation Platform to Support Small and Medium Venture Enterprises

Kim Hak-do, Chairman of the Korea Institute for Advancement of Technology (right), and Lee Nak-gyu, President of the Korea Institute of Industrial Technology, are posing for a commemorative photo at the business agreement ceremony held on the 29th at the Seoul Small and Medium Business Distribution Center.

[Asia Economy Reporter Kim Cheol-hyun] The Small and Medium Business Corporation (Chairman Kim Hak-do, hereinafter referred to as SBC) announced on the 29th that it has signed a 'Business Agreement to Establish a Technology Cooperation Platform to Support Small and Medium Enterprises' with the Korea Institute of Industrial Technology (President Lee Nak-gyu, hereinafter referred to as KITECH).

This business agreement was promoted to expand the growth potential through technological innovation of small and medium enterprises, which are the backbone of the Korean economy, amid the complex crisis situation of the global triple high phenomenon of high inflation, high interest rates, and high exchange rates, as well as low growth.

Taking this agreement as an opportunity, the two organizations agreed to join forces to support small and medium enterprises in areas such as ▲technical support for the Youth Startup Academy ▲carbon neutrality level diagnosis ▲linkage with the carbon-neutral smart factory dissemination project and structural innovation support project ▲support for overseas expansion.

In particular, through this agreement, it is expected that early-stage youth startup companies will secure technological competitiveness by reducing costs necessary for commercialization such as prototype production and testing and analysis, and that support for ESG (environment, social, and governance) management of small and medium enterprises will serve as a foundation for their growth into global companies.

Kim Hak-do, Chairman of SBC, said, "I hope that cooperation with KITECH, which has played a pivotal role in manufacturing innovation for small and medium enterprises, will provide practical help in strengthening the technological capabilities of youth startup companies and expanding the base of carbon neutrality among small and medium enterprises."

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