Korea Small & Venture Business Distribution Center Announces Second Recruitment for 'Technology Development Product Public Institution Demonstration Support Project' Participants

Recruitment Open Until the 24th
Additional Evaluation Points Introduced for Startups

Korea Small & Venture Business Distribution Center announced on the 11th that it will be recruiting companies to participate in the 'Technology Development Product Public Institution Demonstration Support Project' until the 24th.

'Technology Development Product Public Institution Demonstration Support Project' Poster. Photo by Han Yuwon

This project supports startup companies and technology-innovative small businesses by allowing them to validate the performance and usability of their products at public institutions, helping them to enter both the public procurement and private markets.

In this second round of recruitment, an additional evaluation point (2 points) will be awarded to startups founded less than seven years ago to increase participation opportunities for those with little experience in the public market.

Details about the 'Technology Development Product Public Institution Demonstration Support Project' can be found on the Ministry of SMEs and Startups website or in the announcement on the Public Procurement Comprehensive Information Network. Applications for participation can be submitted through the application page of the Public Procurement Comprehensive Information Network.

Taesik Lee, CEO of the Korea Small & Venture Business Distribution Center, stated, "With this announcement, we have introduced new evaluation points to provide greater policy support to startups. We will do our best to support their entry into public procurement channels, establish a foundation for sustainable growth, and provide practical assistance to startups and various small businesses."

This content was produced with the assistance of AI translation services.