Gyeonggi Province to Provide Customized Support to 1,100 SMEs from Development to Production and Market Expansion

[Suwon Ilbo=Reporter Park No-hun] Gyeonggi Province is launching the "2021 Customized Support Project for SME Development, Production, and Market Expansion," which will provide field-oriented customized support to 1,100 small and medium-sized enterprises across the province this year, covering everything from product development to production and market expansion.

According to the province on the 11th, this project aims to enhance corporate competitiveness and promote successful commercialization through field-oriented customized business support that takes regional characteristics into account.

The province will invest a total of 3.6 billion won, comprising 1.4 billion won in provincial funds and 2.2 billion won in municipal and county funds, to implement 11 projects across three major categories: ①Conception and Development, ②Product Production, and ③Market Expansion.

Eligible companies are small and medium-sized enterprises with headquarters or factories located in 27 cities and counties (excluding Anyang, Ansan, Seongnam, and Gwacheon) across the province, with annual sales of 1.2 billion won or less.

Selected companies can choose business projects that fit their characteristics among conception and development, product production, and market expansion fields, and receive support up to a maximum of 20 million won per company.

Under "Conception and Development," the province will support domestic and international intellectual property applications, domestic and international standard certifications, and industrial technology information provision. Under "Product Production," it will support prototype development (molds and mockups) and testing and analysis. Under "Market Expansion," it will support website development, participation in domestic and international exhibitions, domestic promotional activities and market expansion, mobile app development, product packaging improvement, and online conference system establishment.

In particular, this year, recognizing the increased importance of non-face-to-face marketing due to the spread of COVID-19, new programs for online conference system establishment and 3D video production support have been created, and the website development support limit has been raised from 1.5 million won to 2 million won.

Additionally, considering the sharp increase in demand from enterprises related to domestic standard certification test fees, the test fee support limit has been increased from 1 million won to 1.5 million won.

Ryu Gwang-yeol, Director of the Economic Affairs Bureau, stated, "This project is characterized by stage-by-stage customized corporate support centered on the field through cooperation and collaboration with municipalities and counties," and added, "This year, we will work to overcome the crisis of COVID-19 and ensure effective discovery and support of enterprises by designating regional coordinators."

Meanwhile, last year, through this project, the province provided support to a total of 1,161 companies, including 544 cases of conception and development, 223 cases of product production, and 954 cases of market expansion.

Companies wishing to receive support can apply online through eGBiz (www.egbiz.or.kr) by 6 p.m. on March 24 this year.

For more details, please check the announcement and contact the Gyeonggi Province Economic and Science Promotion Agency based on the location of each city and county: Eastern Region (031-259-6059), Northern Region (031-850-7124), Western Region (070-7116-4811), Southern Region (070-7726-9325).