Support for Localization of Technology in Bicycle and Marine Leisure Sectors
Recruitment of Participating Companies for the 'Leisure Equipment Industry Development Support Project'
The Small and Medium Business Corporation (Chairman Kim Hak-do, hereinafter referred to as SBC) announced on the 16th that it will recruit participating companies for the '2023 Leisure Equipment Industry Development Support Project (hereinafter referred to as the Leisure Equipment Technology Development Project)' until the 10th of next month.
The Ministry of Trade, Industry and Energy and SBC have been operating the Leisure Equipment Technology Development Project since 2005 to support technology development in the bicycle and marine leisure equipment sectors, aiming to secure technological competitiveness for small and medium ventures and foster related industries.
The support targets small and medium enterprises that manufacture bicycles, marine leisure equipment, or materials, parts, and equipment, or provide related services. In the bicycle sector, bicycles, electric bicycles, and personal mobility devices (electric skateboards, electric two-wheel parallel vehicles, electric outer-wheel and two-wheel boards, electric kickboards) are included. In the marine leisure equipment sector, companies related to the Water Leisure Safety Act are eligible to apply.
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Projects aimed at technology development and securing quality competitiveness in the relevant industries will be supported for up to one year with a maximum of 120 million KRW (within 75% of the total project cost). Kim Hak-do, Chairman of SBC, stated, "We will actively support the technological competitiveness improvement and product localization of small and medium ventures in the high value-added bicycle and marine leisure equipment sectors," adding, "We hope many interested companies will participate."
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