Recruitment of Companies for SME Technology Transaction Activation Support Project

Establishing a Technology Transaction Base for SMEs
Integrated Support for Technology Transaction Commercialization

[Asia Economy Reporter Kim Cheol-hyun] The Ministry of SMEs and Startups (Minister Lee Young) announced that it will begin recruiting participating companies for the 2023 SME Technology Transaction Activation Support Project starting on the 27th.

The SME Technology Transaction Activation Support Project consists of the 'Foundation Establishment Project' and the 'Integrated Support Project,' which aims to increase the commercialization success rate of externally introduced technologies, to promote technology transactions and commercialization by SMEs, the key players in the technology transaction market. The budget for next year is a total of 2.658 billion KRW.

The Technology Transaction Foundation Establishment Project supports the creation of technology demand proposals that include the technology and commercialization needs of SMEs, and the production of advanced technology marketing information that enhances the intuitiveness and marketability of excellent technologies held by universities and public research institutes. Through this, it plans to expand the real demand and supply information within the technology transaction market so that SMEs can easily explore and adopt excellent technologies suitable for commercialization from the technology transaction stage.

In addition, for excellent technology transactions, to alleviate the cost burden on SMEs and improve the profitability of private technology transaction and valuation institutions, the project supports brokerage fees and technology valuation costs incurred by SMEs during technology transactions.

The Technology Transaction Commercialization Integrated Support Project (Value-Up Program) plans to increase the commercialization success rate by providing seamless support from the technology introduction stage to commercialization and business operation for about 40 technology innovation SMEs.

Selected companies will receive commercialization planning and roadmaps at the technology introduction stage, and subsequently receive continuous support for all costs related to commercialization such as prototype production, technology verification, testing and certification, and intellectual property acquisition according to the roadmap.

Minister Lee Young said, "I hope that the SME Technology Transaction Activation Support Project will promote technology transactions and commercialization by SMEs and increase the commercialization success rate of externally introduced technologies."

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