Ministry of SMEs and Startups to Support 48.7 Billion KRW for Industry-Academia-Research Collaboration Technology Development Project Next Year
'Industry-Academia-Research Collabo R&D' Project
[Asia Economy Reporter Kim Cheol-hyun] The Ministry of SMEs and Startups (Minister Lee Young) announced on the 30th that it has implemented the '2023 Industry-Academia-Research Collabo R&D' project announcement. The Industry-Academia-Research Collabo R&D is a representative technology development project of the Ministry of SMEs and Startups, operating with a total budget of 503 billion KRW over 10 years from 2019 to 2028, having passed the preliminary feasibility study in 2018.
So far, 139.7 billion KRW has been supported for 1,414 projects to help small and medium-sized enterprises (SMEs) facing difficulties in independent technology development to enhance commercialization outcomes by utilizing personnel and technology from universities and research institutes. According to the performance survey of the Industry-Academia-Research Collabo R&D, the project has resulted in increased patent registrations and commercialization sales.
In 2023, 484 new projects will be selected and supported with 33.1 billion KRW. Continued support for previously selected projects amounts to 15.6 billion KRW, making the total scale 48.7 billion KRW. The support targets are SMEs that have or plan to establish corporate research institutes or dedicated R&D departments, as well as universities and research institutes that have dedicated organizations for SME support. To establish a complementary cooperative system, the evaluation for project selection also reflects whether the roles between the lead research and development institution and the joint research and development institutions are clearly and appropriately distributed.
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Minister Lee Young stated, "We hope that SMEs, which have faced difficulties in independent technology development, will actively utilize universities and research institutes equipped with the necessary technology and infrastructure through this opportunity," and added, "We will continue to strengthen support for industry-academia-research collaborative R&D."
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