Innoviz Association: "26 Trillion Won Supplementary Budget a Catalyst for Super-Gap Technological Innovation"

"Expressing Strong Support"

The Innoviz Association (Korea Association of Innovation-driven Small and Medium Enterprises) has expressed its support for the 26 trillion won supplementary budget plan announced by the government at the end of last month.

In a commentary released on April 2, the Innoviz Association stated, "The supplementary budget plan is a very timely measure to resolve logistics challenges faced by export companies amid high oil prices and supply chain crises triggered by the war in the Middle East." The association urged, "The National Assembly should act swiftly to ensure that this leads to tangible results in super-gap technological innovation."

<이미지> Innobiz Association Logo. Innobiz Association

The association believes that certain aspects of the supplementary budget plan are directly linked to key tasks for enhancing the competitiveness of Innoviz companies.

Regarding the budget for manufacturing process innovation and artificial intelligence transformation (AX), the association commented, "For Innoviz companies with a high proportion of manufacturing, this will serve as a crucial driving force to move beyond simple smartization and advance towards intelligent manufacturing processes."

The association also noted, "Unlike in the domestic market, Innoviz companies are global startups making a fresh challenge in overseas markets," and expressed hope that the decision to expand export voucher support and inject large-scale policy finance would provide a substantial safety net.

Furthermore, the association evaluated that such budget allocations "will further solidify the 'growth ladder' by promoting the scaling up of promising technology companies toward becoming Innoviz enterprises."

Finally, the association pledged, "We, too, will actively contribute to shared growth and the creation of a mutually beneficial ecosystem," adding, "We are committed to helping outstanding technology players develop into global companies and establishing a virtuous growth cycle."

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