Gyeonggawon Supports SMEs in Pet Supplies with Up to 14 Million KRW

Gyeonggi-do Economic Science Promotion Agency

The Gyeonggi-do Economic Science Promotion Agency is launching a project to discover small and medium-sized enterprises (SMEs) in the pet supplies sector.

On the 19th, the agency announced that it will promote the "Pet Supplies Commercialization Support Project" to enhance the competitiveness of the pet supplies industry within the province and is recruiting participating companies until the 28th of this month.

This year, the agency plans to increase the support ratio to reduce the financial burden on companies and will give additional points to companies that have benefited from pet supplies startup support projects within the last three years to provide systematic support linking startups and commercialization.

Regarding the support details, in the commercialization category, five companies will be selected and provided with up to 14 million KRW, covering up to 80% of the costs for new design development, mockup, and mold development.

In the market development category, a total of 40 companies will be selected and subsidized up to 3 million KRW, covering up to 80% of the expenses related to domestic pet-related exhibitions and online market development support.

The agency will create a "Gyeonggi-do Excellent Pet Supplies Group Pavilion" within the exhibition space of the Korea Excellent Products Exhibition (G-Fair KOREA) this year and select 10 participating companies to exhibit.

Applications can be submitted through the EasyBiz website.

Last year, the agency supported five companies in the commercialization category and 55 companies in the market development category.

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