[Asia Economy Reporter Donghyun Choi] On the 26th, the Ministry of SMEs and Startups held the '2022 Materials, Parts, and Equipment Startup 100 Selection Ceremony' at Novotel Ambassador in Jung-gu, Seoul.
At this event, 20 startups were finally selected to lead the preemption and stable supply of materials, parts, and equipment necessary for the development of future new technologies and products. These companies were selected across five fields: ▲Composite Materials ▲Smart Engineering ▲Industrial Internet of Things (IoT) ▲Convergent Bio ▲Eco-friendly.
Looking at the outstanding selected companies by field, Soul Material was chosen in the composite materials sector. This company developed a low-density insulating heat dissipation filler for high heat dissipation BSA (Battery System Assembly) used in electric vehicles and was highly evaluated for its growth potential in the secondary battery industry due to the recent increase in demand for high heat dissipation batteries for electric vehicles.
In the industrial IoT field, L&Di Electronics was selected. This company developed semiconductor templates for next-generation power and optical devices using high-growth technologies. It is expected to contribute to enhancing domestic industrial competitiveness through product localization via power semiconductor technology development in the future.
Frameworks was selected in the smart engineering field. Frameworks developed ultra-precision display panel processing equipment equipped with precision measurement technology. It is evaluated to have the potential to secure a unique competitive edge in the global OLED and micro LED TV markets.
In the convergent bio field, Jayeondonghwa was selected. Jayeondonghwa developed eco-friendly new material tableware using natural polymer new material manufacturing technology. Due to recent ESG (Environmental, Social, and Governance) management and regulations on disposable container use, demand has surged, and its growth potential and future applicability were highly evaluated.
Quantum Cat was selected in the eco-friendly field. Quantum Cat is a company developing low-temperature (room temperature) high-activity ultra-high-performance gold nano-catalyst materials. It is expected to lead the environmental catalyst market in response to global carbon neutrality policies and strengthened standards by securing leading technology.
The selected startups will receive support such as commercialization funds (up to 200 million KRW), preferential limits on policy funds (loans and guarantees) and guarantee fee reductions, and additional points (up to 5 points) for technology development (R&D) projects.
Noh Yong-seok, Director of Startup Promotion Policy at the Ministry of SMEs and Startups, stated, “The materials, parts, and equipment industry faces many challenges such as securing core technologies, commercialization, mass production, market launch, and securing demand. The government plans to actively support continuous growth by discovering excellent startups and assisting in solving these problems.”
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