Inno-Biz Association and Government Procurement Technology Promotion Association Join Hands to Expand Entry into Public Procurement Market

by Choi Hokyung

Published 10 Mar.2026 14:15(KST)

Business Agreement to Expand Sales Channels for Excellent and Innovative Products

The Inno-Biz Association announced on the 10th that it had signed a "business agreement to promote the entry of Inno-Biz companies into the public procurement market and to expand sales channels" with the Government Procurement Technology Promotion Association.

The signing ceremony, which took place at the Inno-Biz Association conference room in Pangyo, Gyeonggi Province, was attended by Kwangchun Jung, President of the Inno-Biz Association, Senior Advisor Youngjae Ha, and Hyunggak Lee, President of the Government Procurement Technology Promotion Association, as well as 11 key officials from both organizations.

Representatives from the Inno-Biz Association and the Government Procurement Technology Promotion Association are signing a business agreement and taking a commemorative photo on the 10th. Inno-Biz Association

Currently, Inno-Biz companies are leading innovation in the public procurement market, investing 2.6 times more in research and development (R&D) compared to the average for small and medium-sized manufacturers and boasting an average of over 20 years in business. About 66% of companies designated as excellent products by the Public Procurement Service and 47% of designated innovative products are Inno-Biz companies. Accordingly, the two organizations have agreed to join forces through this cooperation to help such innovative technologies translate into real sales growth in the public sector market.

The main areas of cooperation include: ▲ pre- and post-management support for Inno-Biz companies entering the public procurement market ▲ expanding procurement sales channels and providing the latest public procurement services ▲ operating joint training and education programs utilizing the infrastructure of both organizations ▲ jointly conducting policy research projects related to government R&D and procurement.

Through these efforts, a systematic process will be established for preliminary reviews, consulting, and technical support services to help companies with outstanding technology obtain designation as excellent procurement products and innovative products. In addition, the two organizations plan to co-host purchasing consultation meetings and technology innovation seminars by inviting public agency procurement managers, thereby expanding connections between demand and supply companies. By operating training programs and providing the latest public procurement services, they aim to significantly lower entry barriers for companies.

President Kwangchun Jung stated, "We will continue to expand support so that the innovative technologies of our companies become the nation's competitive advantage, and the fruits of these efforts are returned to further corporate growth, creating a virtuous cycle."