The Ministry of SMEs and Startups announced on August 5 that it is recruiting startups to participate in follow-up support for companies that have achieved results in its newly established open innovation program this year.
Eligible candidates include startups that received excellent or outstanding evaluations in various open innovation projects, such as the Big Star Problem Solver Platform, public-private partnership open innovation, and global corporate collaboration programs. The application period runs from August 6 to August 26.
The ministry plans to select around 80 companies for tailored support. Startups with outstanding results will receive assistance in matching with demand companies and collaboration. Startups that hold letters of intent for collaboration with demand companies will be eligible for funding of up to 200 million won for market validation and other commercialization needs.
Jo Kyung-won, Director of Startup Policy at the Ministry of SMEs and Startups, stated, "For the achievements of open innovation to transition from technology validation to actual market validation and commercialization, follow-up support is crucial. We will closely support verified startups and demand companies in their collaboration to ensure that innovative technologies are successfully established in the market."
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.