Gyeonggi Province Selects 44 Innovative Climate Tech Firms... Up to 40 Million Won Support Per Company

Gyeonggi Province will identify 44 innovative climate tech companies and begin providing full-scale financial and market support.

The companies selected for support this time include 34 "climate tech startups" established within the past seven years and 10 outstanding small and medium-sized enterprises (SMEs) or mid-sized companies in the province that have been operating in related industries for more than three years, categorized as "promising climate tech" companies.

Gyeonggi Province will provide each of the 34 selected startups, which successfully passed the fierce competition, with an average of 40 million won in commercialization funds per company for prototype development and marketing. In particular, the province will also offer tailored growth acceleration programs, including business model advancement, investor relations sessions connected to professional investment firms, and open innovation opportunities with large and mid-sized enterprises.

Gyeonggi Provincial Government

For the 10 promising climate tech companies that are expected to play a central role in the provincial climate industry, Gyeonggi Province will provide 10 million won in commercialization funds annually for three years, along with special benefits such as participation in overseas exhibitions and entry into public institution technology markets.

Byun Sanggi, Director of the Climate Environment Policy Division at Gyeonggi Province, stated, "Climate tech is a key to achieving carbon neutrality as well as a new engine for growth. We will spare no systematic and multifaceted support so that the selected companies can lead the market with their innovative technologies and grow into global unicorns."

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