Purposes
The technology development projects by joint investment between private and public sector jointly financed by Ministry of SMEs and Startups and public organizations improve the technology competency of small and medium enterprises, including localization of equipment and materials as well as service related to E&P and stockpiling.
Project Description
The existing new product development project with an option to purchase which is supported by the state government was changed to the joint financial support project by the state government and a public organization.
The development period shall be within 3 years and the state government, a public organization and a small/medium enterprise share the project cost at the ratio of 37.5%, 37.5% and 25%, respectively with the maximum subsidy One Billion KRW per project.
The projects are classified into demand survey project, future strategy project and business proposal project depending on the proposal method by KNOC and small and medium enterprises.
Procedure
Procedure
- Project Exploration/Verification(Client/Managing Authority)
- Project Announcement/Receipt of Application (Small and Medium Enterprise Administration/online)
- Selection and Evaluation (Managing Authority/Expert Organization)
- Deliberation/Decision(Small and Medium Enterprise Administration)
- Execution of Agreement(Client/Small and Medium Enterprises)
- Agreement & Financial Support (Managing Authority/Expert Organization)
- Project Progress Management(Managing Authority)
- Follow-up Management(Managing Authority/Expert Organization)
※ Managing Authority : Foundation for Agriculture and Fisheries Cooperation of Small, Medium and Large Enterprises.
Application Method
Any enterprises can submit the projects to a client or a managing authority at any time. The project selected is announced by Small and Medium Enterprise Administration.
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