Recruitment of Companies for the 'Future Mobility Leading Technology Development Project' ... Up to 600 Million KRW Support

Daegu City is recruiting companies to participate in the ‘2023 Future Mobility Leading Technology Development Support Project’ until July 3 to foster the region's future mobility industry.

The ‘Future Mobility Leading Technology Development Support Project’ is a representative R&D support project in Daegu that has supported the electric vehicle, autonomous vehicle, and hydrogen vehicle sectors to secure core technologies in the future car field. Starting this year, support has been expanded to include the urban air mobility (UAM) sector, one of the five new industries being promoted in the 8th local government administration.

Sangyeok Government Complex, Daegu City.

In particular, this project is highly regarded for its excellent outcomes as it comprehensively considers not only technological capabilities but also commercialization potential and job creation from the project selection stage.

This year, applications are being accepted from companies that can increase sales through project concretization beyond simple R&D support, as well as companies from other industries wishing to enter the future mobility sector.

Eligibility to apply is open to companies with headquarters or business sites in Daegu City. Applications must be submitted by 6 p.m. on July 3 to the Future Automobile Business Division of the Daegu Gyeongbuk Institute of Machinery & Materials, by completing the application form according to the announcement on the Daegu Metropolitan City and Daegu Gyeongbuk Institute of Machinery & Materials websites.

The selection process involves a preliminary review of business plans submitted by companies, followed by evaluation by an expert committee on four criteria: project implementation system, technical feasibility and business viability, plan appropriateness, and policy alignment. Selected projects will receive support for up to two years, with funding around 600 million KRW per project.

So far, this project has significantly contributed to regional companies and economic revitalization by achieving sales of 103.3 billion KRW, 235 new jobs, and 127 intellectual property rights. Major companies that have grown and attracted investment through this project include Seongrim Advanced Industry Co., Ltd., Goa Precision, and BorgWarner.

Seongrim Advanced Industry is recognized for its rare earth permanent magnet manufacturing technology and supplied drive motor magnets through technology development support in the electric vehicle motor magnet sector. It established a production plant in the Daegu Dalseong-gun Hyeonpung Technopolis as the second Daegu-type reshoring company.

Goa Precision and BorgWarner developed drive systems with improved operational efficiency compared to existing electric vehicle drive motors. Additionally, Goa Precision spun off to establish Koa Automotive, a specialized drive motor core company, and plans to build a factory in the national industrial complex. BorgWarner also signed an investment attraction agreement with Daegu City to establish a future car electrification parts center and plans to complete a future mobility electrified drive motor R&D center this year.

Choi Un-baek, Director of the Future Innovation Growth Office of Daegu City, stated, “The Leading Technology Development Project plays a crucial role as a catalyst for the growth of local companies and the attraction of external companies.” He added, “This year, we will actively support corporate growth by promoting new product development and commercialization in future mobility through technology development support.”

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