Recruiting Ultra-Differentiated Startups to Lead Future New Industries

2024 Chogyeokcha Startup Development Project
Recruitment Announcement for 121 Participating Companies

The Ministry of SMEs and Startups announced on the 6th the recruitment plan for participating companies in the Ultra-Differentiated Startup Development Project, one of the detailed projects of the 'Ultra-Differentiated Startup 1000+ Project.'

The Ultra-Differentiated Project is a public-private joint initiative aimed at nurturing promising startups with outstanding technologies in 10 new industry sectors such as system semiconductors and artificial intelligence (AI) into global unicorns. Over five years, it will discover and support more than 1,000 deep-tech startups and consists of two projects: the Ultra-Differentiated Startup Development Project and the Deep-Tech TIPS project.

The Ultra-Differentiated Startup Development Project plans to newly select 121 companies through this announcement. Selected companies will receive up to 600 million KRW in commercialization funds over the next three years and, depending on corporate demand and evaluation, up to 500 million KRW in research and development (R&D) funds for up to two years. They can also receive linked support such as policy funds, guarantees, and export projects.

Additionally, through designated lead organizations by sector, companies will receive close support for all processes necessary for growth, from product and service advancement to discovering demand sources and attracting investment.

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