Gyeonggi Province to Support Small and Medium Enterprises with Up to 22 Million Won Through Technology Transfer for Successful Startups

[Suwon Ilbo=Park No-hun Reporter] Gyeonggi Province and Gyeonggi Technopark announced on the 10th that they are recruiting prospective entrepreneurs and early-stage startups to participate in the '2021 Technology Transfer Startup Support Project' aimed at transferring excellent technologies to promising startups in the province to achieve successful entrepreneurship.

The 'Technology Transfer Startup Support Project' aims to facilitate successful technology-based entrepreneurship by supporting the transfer of excellent public and private technologies that have high potential for added-value creation but remain unutilized to entrepreneurs.

Specifically, the project operates by disclosing excellent technologies held by research institutions, universities, and companies within the province, and then supporting technology transfer matching and commercialization funds to promising prospective and early-stage entrepreneurs based on such technologies.

Applicants must be prospective entrepreneurs or entrepreneurs who started a business within 7 years in the province seeking technology transfer. A total of 20 companies will be selected through written and expert evaluations.

The finally selected companies will receive customized commercialization funds of up to 22 million won, including technology transfer fees, for needs such as prototype and mold manufacturing, testing and analysis, certification acquisition, and marketing necessary for technology transfer-based startups.

The province also plans to promote 'IP-based Youth Startup Support' this year, in which young entrepreneurs develop and compete in business ideas based on patent technologies held and disclosed by universities and research institutes.

A Gyeonggi Province official stated, "Despite the difficult environment due to COVID-19, we will support the startup of promising companies based on innovative technologies to lead the region's economy," and added, "We hope promising prospective entrepreneurs will lay a stepping stone for successful startups based on excellent technology transfer."

Companies wishing to participate can access 'Gyeonggi Startup Platform (www.gsp.or.kr)', register as a member, and apply and register online. The application period is from March 10 to March 31.

For more details, refer to the Gyeonggi Technopark website (www.gtp.or.kr) or contact the Gyeonggi Technopark Technology Commercialization Center (031-500-3039).