From China to Mexico and Colombia... Supporting Technology Exports of Chinese Enterprises

Jungjingong, Recruiting Companies for Trilateral Integrated Technology Exchange Consultation Meeting

The Small and Medium Business Corporation (Chairman Kim Hak-do, hereinafter referred to as SBC) announced on the 7th that it is recruiting small and medium-sized enterprises to participate in the '2023 Second Half Three-Country Technology Exchange Consultation Meeting.'

Since 2017, SBC has been supporting the overseas market entry and technology export of innovative domestic small and medium-sized enterprises through technology exchange consultation meetings as part of its overseas technology exchange project, using methods such as licensing, joint ventures, OEM production, and equipment transfer.

The participating countries for this second half technology exchange consultation meeting are China (Shenzhen), where there is high demand for technology transfer from domestic SMEs, and two Latin American countries (Mexico and Colombia). Consultations will be conducted online through one-on-one matching between domestic companies with excellent technology and overseas companies seeking technology transfer.

China will focus on the beauty and medical device sectors, with consultations scheduled for September, and an additional local technology exchange delegation is planned to be dispatched in October. Mexico will focus on cosmetics, automobiles, food, medical devices, and machinery, while Colombia will focus on IT, cosmetics, automobiles, and food, with online consultations held in November.

Approximately 10 companies per country will be recruited, and companies can apply for up to two countries. Applicants will undergo a technology diagnosis through a technology commercialization coordinator, followed by evaluations of technology, job creation, export performance, and verification of matching success in the respective countries before final selection.

Selected companies will receive ▲ discovery of overseas matching companies ▲ operational support ▲ consultation interpreter support ▲ expert diagnosis of owned technology ▲ and legal advice, interpretation/translation, and local transportation when pursuing future contract signing.

Companies wishing to participate in the consultation meeting can apply on the overseas technology exchange website by August 22. An Jung-gon, head of SBC's Global Growth Division, said, "Due to the nature of the technology exchange project, it takes a considerable amount of time to conclude technology transfer and technology export contracts," adding, "We will support selected companies to achieve tangible results through customized follow-up support such as legal review of contracts and interpretation/translation needed for subsequent consultations after the consultation meeting."

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