Ministry of Industry to Invest 30 Billion Won Over 5 Years in Collaboration Between Public Research Institutes and SoBuJang Companies

[Sejong=Asia Economy Reporter Kwon Haeyoung] The Ministry of Trade, Industry and Energy announced on the 25th the 'SoBuJang Convergence Innovation Support Group Technology Support Project,' which supports the technological advancement of 소재·부품·장비 (hereafter SoBuJang) companies through public research institutes.

This project supports the technological difficulties faced by SoBuJang companies by utilizing the personnel, technology, and equipment of public research institutes, with a total investment of 30 billion KRW over five years.

The Convergence Innovation Support Group Technology Support Project announced this time is a project where multiple research institutions collaborate to support the entire cycle of technological challenges faced by SoBuJang companies. The support areas are broadly divided into 'Technology Analysis and Short-term Technical Support' and 'In-depth Technical Support.'

Technology Analysis and Short-term Technical Support is a project that supports the analysis of technical difficulties received at the company support desk and short-term technical consultations of less than three months. Experts from public research institutes in related fields visit company sites directly to assist with technical difficulty analysis. If additional support is needed, technical guidance and consultation of less than three months will be provided.

In-depth Technical Support supports joint technology development projects by a 'public research institute?SoBuJang company' consortium through an open call to solve commercialization technology problems of SoBuJang companies.

An official from the Ministry of Trade, Industry and Energy said, "As the Convergence Innovation Support Group begins full-scale activities as a company support platform, it will support the technological independence of SoBuJang companies and enhance the outcomes of support."