INTIEAKorea · Support for SMEs with environmentally friendly technologyPolicyIn force

Support for SMEs with environmentally friendly technology

The Korean government will provide additional financing to support SMEs with a focus on innovative measures, particularly when developing technologies for the green economy.   A total budget of 3.7 trillion won was organized so that ventures and start-ups become the leading…

Last changed 5 years ago.

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Country / jurisdiction: Korea · Year: 2020 · Status: In force · Level: National · Type: Voluntary

The Korean government will provide additional financing to support SMEs with a focus on innovative measures, particularly when developing technologies for the green economy.

A total budget of 3.7 trillion won was organized so that ventures and start-ups become the leading players of innovation.

Among the five-focused goals, 31.9 billion won was reflected to promote the creation of an ecosystem to foster green promising start-ups and venture companies.

-Creation of a green startup town 0.5 billion won

-Fostering promising green companies 15.2 billion won

-Foster green promising leading companies (R&D) 5.3 billion won

-Fostering innovative business in free regulatory zones (R&D) 6.4 billion won

-Improvement of work environment for small workers 4.5 billion won

Official source: https://www.mss.go.kr/site/smba/ex/bbs/View.do?cbIdx=86&bcIdx=1019188&parentSeq=1019188

Source

https://www.iea.org/policies/12657

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