Jungjingong Supports R&D Expenses in Bicycle and Marine Leisure Sectors

Recruitment of Companies for the 2025 Leisure Equipment Industry Development Project
Support for technology development in bicycle and marine leisure equipment sectors
Up to 135 million KRW in annual funding per project, with additional support for outstanding cases

The Small and Medium Business Corporation announced on the 5th that it is recruiting participating companies for the '2025 Leisure Equipment Industry Development Support Project.'

The Ministry of Trade, Industry and Energy and the Small and Medium Business Corporation have been operating the Leisure Equipment Technology Development Project since 2005 to secure technological competitiveness and domestic production of excellent technologies for small and medium ventures in the bicycle and marine leisure sectors.

Jungjingong

The support targets are small and medium enterprises that manufacture materials, parts, and equipment related to bicycles and marine leisure equipment or provide related services. There are two recruitment sectors: ▲ Bicycle sector includes bicycles, electric bicycles, and personal mobility devices (electric skateboards, electric two-wheel parallel vehicles, electric outer-wheel and two-wheel boards, electric kickboards) ▲ Marine leisure equipment sector includes companies related to the Water Leisure Safety Act.

The Small and Medium Business Corporation supports up to 135 million KRW per year (within 75% of the total project cost) for each sector's tasks to promote technology development in the leisure equipment industry. In particular, if selected as an excellent project, additional follow-up support will be provided for one more year.

Companies wishing to participate in the Leisure Equipment Technology Development Project can apply online through the Small and Medium Business Corporation website until the 17th.

Kang Seok-jin, Director of the Small and Medium Business Corporation, said, “We will actively support companies engaged in the bicycle and marine leisure equipment industries to secure technological competitiveness and create high added value,” adding, “The Small and Medium Business Corporation will continue to take the lead in promoting technology development in the leisure equipment field.”

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