Harmony of Virtual and Reality...Gyeonggi Province Steps Up Support for SMEs and Content Creators

[Suwon Ilbo=Reporter Park Nohun] Gyeonggi Province has decided to support small and medium-sized enterprises and content creators within the province that are attempting to transition their business to metaverse platforms or content, and is recruiting applicants through the 9th of next month.

The '2022 Metaverse Transition Support' project is an initiative that supports the development of metaverse content and platforms to activate entry into the metaverse ecosystem.

The recruitment scale consists of a total of 7 teams across two categories: ▲Platform Utilization Type ▲Platform Development Type.

'Platform Utilization Type' provides funding to support companies in converting their own content to suit commercial metaverse platforms for development.

A total of 4 teams will each receive between 20 million won to a maximum of 40 million won in support.

'Platform Development Type' provides funding necessary for developing new metaverse platforms. Support of 100 million won each is planned for a total of 3 teams—2 teams with open themes and 2 teams with designated themes.

The designated theme is 'Development of Regional Public Services Based on Digital Twin.' The Province seeks services aimed at citizen participation and solving social issues based on the region to promote metaverse expansion in the public sector.

Eligibility for support includes small and medium-sized enterprises and content creators within Gyeonggi Province undertaking metaverse projects.

For companies or content creators outside Gyeonggi Province, they must relocate their headquarters or business operations to Gyeonggi Province within one month after final contract signing.

The Province plans to evaluate with emphasis on ▲business feasibility (applicability in the metaverse sector) ▲technology (planning capabilities, etc.) ▲implementation capability (business competency, etc.).

Kim Gyu-sik, Director of Future Growth Policy at Gyeonggi Province, said, "This project is a newly launched initiative this year and aims to promote the influx of excellent companies in the Province into the metaverse industry and activate the ecosystem," and added, "We hope for active participation from companies attempting to enter the metaverse market."

For detailed inquiries, refer to the business announcements on the Gyeonggi Content Agency website (www.gcon.or.kr) or contact the Gyeonggi Content Agency Future Content Team (031-8064-1775).