Smart City Innovation Technology Discovery Project Call for Proposals Starting from the 9th

Public Contest from the 9th, Applications Accepted from the 29th
Support of Around 300 Million KRW for Demonstration Costs to Selected Companies

The Ministry of Land, Infrastructure and Transport (MOLIT) will provide demonstration opportunities to companies possessing innovative technologies and products in the smart city sector, supporting them to open new markets and accelerate commercialization.

On the 6th, MOLIT announced that it will open a call for applications starting from the 9th for an innovation technology discovery project that identifies private companies with innovative technologies and products related to smart cities and provides demonstration opportunities.

Photos from the '2024 Smart City Summit & Expo' (SCSE 2024), a smart city exhibition held in Taiwan on March 19. [Photo by Yonhap News]

MOLIT will offer selected companies demonstration opportunities and at least an additional six months of further demonstration after the initial demonstration phase for technology operation. Selected companies will receive demonstration funding of approximately 300 million KRW per technology (a total of 1.25 billion KRW). The demonstration demand organizations will verify the performance and effectiveness of the technologies and products, allowing companies to accumulate demonstration achievements.

Companies wishing to participate in this call can apply through matching with local governments, public institutions, and others that provide demonstration sites. Joint participation with other companies, universities, and so on is also possible.

The application period is from the 29th of this month to the 7th of next month, with final selections made through an evaluation committee during the following month. Detailed information can be found in the announcement posted on MOLIT’s website or the Korea Agency for Infrastructure Technology Advancement starting from the 9th.