Gyeonggawon Achieves Commercialization Success for 10 Private New Technologies This Year

Gyeonggi-do Economic Science Promotion Agency

[Asia Economy (Suwon) = Reporter Lee Young-gyu] Gyeonggi Province and the Gyeonggi Economic Science Promotion Agency announced on the 27th that they succeeded in commercializing 10 projects through this year's 'Gyeonggi Province Residents' New Technology Proposal Contest.'

Now in its third year, the 'Gyeonggi Province Residents' New Technology Proposal Contest' is a project that supports the commercialization and productization of excellent technologies that residents or small and medium-sized enterprises in the province possess or conceive, but have not yet been commercialized.

This year, the Promotion Agency received a total of 72 new technology proposals, conducted document evaluations, presentation evaluations, and prior patent investigations, and finally selected 10 projects to support their commercialization.

Major commercialization projects include ▲ Bio-based water-soluble binder for coatings ▲ Development of a high-response current device and linked control algorithm within 25ms ▲ Nutrient solution device applied with IoT (Internet of Things) technology for automated plant factories.

Through project planning support, the Promotion Agency achieved a total of 26 commercialization results, including 8 intellectual property rights, 16 prototype productions, and 2 research and development (R&D) strategy establishments.

Yoo Seung-kyung, head of the Promotion Agency, said, "Through the 'Gyeonggi Province Residents' New Technology Proposal Contest,' which discovers excellent new technology resources owned by Gyeonggi Province and promotes commercialization, we have been able to further strengthen the technological competitiveness within the province. We expect it to greatly contribute to Gyeonggi Province's technological innovation capabilities and regional economic revitalization in the future."

Gyeonggi Province and the Promotion Agency will invest 150 million won next year to recruit new technology proposals and support commercialization.

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