Kibo Designated as National Liaison Agency for Small and Venture Businesses

Supporting Domestic Companies' Participation in Global R&D

The Korea Technology Finance Corporation (Kibo) announced on the 7th that it has been designated as the national contact point (NCP) agency dedicated to domestic small and venture companies by the Ministry of Science and ICT.

The NCP is a system operated by the European Commission to support participants in Horizon Europe, the European Union’s financial support project and the world’s largest multilateral research and innovation (R&I) program. In Korea, the Ministry of Science and ICT and the National Research Foundation designate national contact points.

Officials from Kibo are taking a commemorative photo after receiving the National Contact Point (NCP) appointment certificates. Photo by Kibo

With this designation, Kibo plans to actively support domestic small businesses’ participation in global R&D consortia by receiving guidelines and practical information regarding the Horizon Europe program overall. To this end, three engineering PhDs affiliated with Kibo will perform roles including ▲ providing project information and promotional activities ▲ education, consultation, and support for project proposal writing ▲ consultation on administrative procedures and contracts ▲ supporting networking activities to find consortium partners ▲ cooperation and networking activities with NCPs of other countries.

Kim Jong-ho, Chairman of Kibo, stated, “Kibo actively supports the scale-up and global expansion of excellent R&D companies by utilizing various global networks and technology evaluation infrastructure,” adding, “Through this NCP designation, as a dedicated support agency for small and venture companies, we will do our best to expand domestic companies’ participation in global project research and strengthen global R&D capabilities.”

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