Korea Federation of SMEs Hosts the 3rd Stainless Steel SME Innovation Idea Contest

The Korea Federation of Small and Medium Business, together with the Korea Iron and Steel Association, is hosting the "3rd Stainless Steel SME Innovation Idea Contest" and will accept submissions from the 27th until June 21.

This contest, aimed at discovering ideas from stainless steel-related small and medium enterprises to create new demand for stainless steel, is open to SMEs and SME-affiliated research institutes.

Selected companies and research institutes from this contest will receive a total of 40 million KRW in mutual growth support funds and will receive customized support from POSCO in the future.

Submitted products, technologies, and ideas will be evaluated by experts focusing on applicability, innovativeness, and marketability, with final selections scheduled for September.

Yang Chan-hoe, Head of the Innovation Growth Division at the Korea Federation of Small and Medium Business, stated, "Through this contest, we aim to create cases of mutual growth between large and small-to-medium enterprises in the stainless steel sector," and added, "We ask for active participation and interest from SMEs with ideas for new demand creation."

Companies and research institutes wishing to participate should submit their contest proposals through the event page on the Korea Federation of Small and Medium Business website by June 21.

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