Korea Federation of SMEs Recruits Cooperatives for 'Innovative Joint Business'... New AX and DX Support Introduced

A Total of 1.7 Billion Won Allocated, Up 400 Million Won from Last Year
80% of Project Costs Covered per Cooperative, Up to 100 Million Won

The Korea Federation of Small and Medium Business announced on January 20 that it is recruiting small and medium business cooperatives to participate in the "Innovative Joint Business Support Project" to promote collaboration among SMEs and revitalize joint projects of cooperatives.

This project provides direct business funding for joint projects aimed at building collaboration models, such as artificial intelligence transformation (AX) and digital transformation (DX), for industry-specific SME cooperatives. This year, a total budget of 1.7 billion won will be allocated, an increase of 400 million won compared to last year.

Seoul Yeouido Korea Federation of Small and Medium Business. Korea Federation of Small and Medium Business

The eligible applicants are small and medium business cooperatives established under the Small and Medium Business Cooperative Act, and each cooperative can receive up to 80% of the project cost, with a maximum of 100 million won. This year, the newly established AX and DX categories will support the digital transformation of industry-specific cooperatives, including the development and advancement of digital platforms and the adoption of artificial intelligence (AI) technologies.

Cooperatives wishing to participate can apply through the cooperative portal by February 20.