Ministry of SMEs and Startups to Support 1.8247 Trillion Won for Technology Development Next Year
2023 Integrated Announcement for Small and Medium Enterprise Technology Development Support Project
[Asia Economy Reporter Kim Cheol-hyun] The Ministry of SMEs and Startups (Minister Lee Young) announced on the 25th that it will conduct the "2023 Integrated Announcement for SME Technology Development Support Projects" totaling 1.8247 trillion KRW.
The four major strategies for next year's SME technology development support projects are ▲ activation of private-led research and development (R&D) ▲ strengthening cooperative and linked R&D ▲ fostering strategic sectors ▲ improving the research environment. Through these, the Ministry of SMEs and Startups plans to secure the global technological competitiveness of SMEs and drive their R&D achievements.
As a key feature, the Ministry of SMEs and Startups will significantly expand private-led R&D that actively utilizes private funds and capabilities, and will focus support on startups in ultra-gap sectors. Additionally, to support SMEs' entry into overseas markets, companies with global capabilities will be prioritized, and service R&D will be actively promoted to help SMEs create new value.
Furthermore, six new projects (20.5 billion KRW) will be launched, including the "Research Equipment Utilization Voucher Project" for leasing and joint use of research equipment by SMEs, "Post-Regulatory Free Zone Linked R&D" for commercialization of new technologies and services in regulatory free zones, and "Smart Technology Development R&D for Small Business Digitalization" within small business sites.
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The Ministry of SMEs and Startups will provide detailed information on support targets, contents, and conditions through future detailed project announcements, and plans to hold cross-ministerial and regional briefings starting January next year. Minister Lee Young stated, "The Ministry of SMEs and Startups will strive to create an innovation ecosystem to maximize SMEs' R&D outcomes so that SMEs can secure global technological capabilities and enhance national competitiveness," and "we will also improve institutional aspects to create a free and creative research environment for SMEs."
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