TIPA Supports R&D for Win-Win Cooperation Between SMEs and Large Enterprises
Large Corporations Propose and SMEs Collaborate to Solve
Demand-Oriented R&D
The Korea Technology and Information Promotion Agency for SMEs (President Kim Young-shin, hereinafter TIPA) announced on the 4th that it will newly support 10 "2023 Purchase-Conditioned Win-Win Cooperation-Based Innovative Challenge Projects" (hereinafter Innovative Challenge Projects) to secure market channels and develop technology for small and medium-sized enterprises (SMEs).
The purchase-conditioned new product development project supports research and development (R&D) with purchase demand from buyers to establish a foundation for SMEs' competitiveness and stable profit generation. If an SME is selected as a support target for this Innovative Challenge Project, up to 350 million KRW will be provided as technology development funds.
For the Innovative Challenge Projects, buyers such as large and medium-sized enterprises announced necessary technology development proposal tasks, and the selected SMEs will lead the technology development while the buyers will proceed with commercialization technology development through follow-up support such as consulting, demonstration, and testing.
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The "2023 Purchase-Conditioned Purchase-Linked Designated Public Offering 3rd Announcement" for recruiting win-win cooperation-based Innovative Challenge Projects will be posted until the 26th. Companies wishing to apply for the projects can apply online through the SME Technology Development Comprehensive Management System website.
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