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Ministry of Science and ICT to Launch 2nd R&D Innovation Voucher Support Program with Enhanced 5G Measures… 4 Billion Won Allocated in Supplementary Budget
| Announcement of the 2nd ICT R&D Innovation Voucher Support Program
| Apply on the website from the 8th to September 6th
A briefing session was held on the 19th at the Seoul Chamber of Commerce and Industry conference room.
The Ministry of Science and ICT has strengthened 5G support measures for the R&D Innovation Voucher Support Program.

The Ministry of Science and ICT announced on the 8th that it has allocated a supplementary budget of 4 billion won for the 'ICT R&D Innovation Voucher Support' project to promote the acquisition and commercialization of ICT technologies by domestic small and medium-sized enterprises, and will begin full-scale support.
This project assists companies with technology development and product commercialization in a short period, and with a high success rate in commercialization, it provides opportunities for creating new markets to small and medium-sized enterprises (SMEs) and mid-sized companies struggling due to the recent economic downturn.
According to the results of this project support in 2016 and 2017, the productization period was shortened by 14.6 months, and the commercialization success rate reached 55%.
This supplementary budget was prepared to meet the high demand from companies, as evidenced by the fact that 54 companies applied for 11 projects during the first half of this year's budget support, resulting in a high competition rate of 5:1.
The Ministry of Science and ICT announced the second call for proposals for the 'ICT R&D Innovation Voucher Support' program from Thursday, August 8 to Friday, September 6, and is accepting applications from small and medium-sized enterprises. We will receive it and plan to conduct the evaluation in September.
In addition, a business briefing session for companies and organizations wishing to participate in the project will be held on Monday, August 19 at 3:00 PM in the meeting room (B2) of the Seoul Chamber of Commerce and Industry.

Meanwhile, this project plans to stimulate the innovative growth of domestic small and medium-sized enterprises and revitalize the 5G industry, which was commercialized for the first time in the world, by providing intensive support for the eight key technology sectors of innovative growth (hyper-connected intelligence, smart factory, smart farm, fintech, new energy industry, smart city, drone, and future automobile) and ICT convergence fields for the development of 5G-related application products and services. In particular, for 5G-related application projects, the evaluation committee will review their eligibility and grant additional points.
Yong Hong-taek, Director General of Information and Communication Industry Policy at the Ministry of Science and ICT, stated, “Through this support, we will strive to enable small and medium-sized enterprises to develop ICT convergence products and services and act as a catalyst for 5G activation and innovative growth.”
The announcement for the 2nd ICT R&D Innovation Voucher Support Program can be found on the websites of the Ministry of Science and ICT and the Korea Institute of Information and Communication Technology Planning and Evaluation .
| Apply on the website from the 8th to September 6th
A briefing session was held on the 19th at the Seoul Chamber of Commerce and Industry conference room.
The Ministry of Science and ICT has strengthened 5G support measures for the R&D Innovation Voucher Support Program.

R&D Voucher Service Overview
The Ministry of Science and ICT announced on the 8th that it has allocated a supplementary budget of 4 billion won for the 'ICT R&D Innovation Voucher Support' project to promote the acquisition and commercialization of ICT technologies by domestic small and medium-sized enterprises, and will begin full-scale support.
This project assists companies with technology development and product commercialization in a short period, and with a high success rate in commercialization, it provides opportunities for creating new markets to small and medium-sized enterprises (SMEs) and mid-sized companies struggling due to the recent economic downturn.
According to the results of this project support in 2016 and 2017, the productization period was shortened by 14.6 months, and the commercialization success rate reached 55%.
This supplementary budget was prepared to meet the high demand from companies, as evidenced by the fact that 54 companies applied for 11 projects during the first half of this year's budget support, resulting in a high competition rate of 5:1.
The Ministry of Science and ICT announced the second call for proposals for the 'ICT R&D Innovation Voucher Support' program from Thursday, August 8 to Friday, September 6, and is accepting applications from small and medium-sized enterprises. We will receive it and plan to conduct the evaluation in September.
In addition, a business briefing session for companies and organizations wishing to participate in the project will be held on Monday, August 19 at 3:00 PM in the meeting room (B2) of the Seoul Chamber of Commerce and Industry.

5G+ Key Industries and Key Services
(5G+ Strategy, Ministry of Science and ICT, April)
(5G+ Strategy, Ministry of Science and ICT, April)
Meanwhile, this project plans to stimulate the innovative growth of domestic small and medium-sized enterprises and revitalize the 5G industry, which was commercialized for the first time in the world, by providing intensive support for the eight key technology sectors of innovative growth (hyper-connected intelligence, smart factory, smart farm, fintech, new energy industry, smart city, drone, and future automobile) and ICT convergence fields for the development of 5G-related application products and services. In particular, for 5G-related application projects, the evaluation committee will review their eligibility and grant additional points.
Yong Hong-taek, Director General of Information and Communication Industry Policy at the Ministry of Science and ICT, stated, “Through this support, we will strive to enable small and medium-sized enterprises to develop ICT convergence products and services and act as a catalyst for 5G activation and innovative growth.”
The announcement for the 2nd ICT R&D Innovation Voucher Support Program can be found on the websites of the Ministry of Science and ICT and the Korea Institute of Information and Communication Technology Planning and Evaluation .
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