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Chungbuk-do selected for the program to support potential hydrogen-specialized companies
On January 25, Chungbuk-do announced that it has been selected for the "Pre-Hydrogen Specialized Company Support Program," hosted by the Ministry of Trade, Industry, and Energy (MOTIE), for four consecutive years and has secured KRW 450 million in national funding.
The province plans to use this budget to assist potential hydrogen specialized companies in their transition to full-fledged businesses.
Eligible companies are those with technological capabilities (intellectual property) and revenue performance in the hydrogen industry.
The support areas include technology commercialization, which covers product development from the initial stages to advanced stages, as well as market expansion and consulting, which includes support for participation in exhibitions and promotional activities.
Chungbuk Techno Park, the agency overseeing the project, plans to announce recruiting companies to participate in the program by March, and select 12 companies after uation by the selection committee.
The selected companies will receive up to KRW 60 million each, with support for prototype production, certification acquisition, and market development.
A provincial official stated, "We will continue to discover and support potential companies so that local businesses can take the lead in the industrialization of hydrogen products."
With this program, Chungbuk-do has supported 32 potential companies over the past three years, from 2022 to last year. Among them, one company was listed on KOSDAQ in November of last year, and three companies successfully transitioned into specialized hydrogen companies.
jeonch@yna.co.kr
Source Text
** This article was translated from Korean.
Date
2025.02.03
Views
55
According to Yonhap News,
On January 25, Chungbuk-do announced that it has been selected for the "Pre-Hydrogen Specialized Company Support Program," hosted by the Ministry of Trade, Industry, and Energy (MOTIE), for four consecutive years and has secured KRW 450 million in national funding.
The province plans to use this budget to assist potential hydrogen specialized companies in their transition to full-fledged businesses.
Eligible companies are those with technological capabilities (intellectual property) and revenue performance in the hydrogen industry.
The support areas include technology commercialization, which covers product development from the initial stages to advanced stages, as well as market expansion and consulting, which includes support for participation in exhibitions and promotional activities.
Chungbuk Techno Park, the agency overseeing the project, plans to announce recruiting companies to participate in the program by March, and select 12 companies after uation by the selection committee.
The selected companies will receive up to KRW 60 million each, with support for prototype production, certification acquisition, and market development.
A provincial official stated, "We will continue to discover and support potential companies so that local businesses can take the lead in the industrialization of hydrogen products."
With this program, Chungbuk-do has supported 32 potential companies over the past three years, from 2022 to last year. Among them, one company was listed on KOSDAQ in November of last year, and three companies successfully transitioned into specialized hydrogen companies.
jeonch@yna.co.kr
Source Text
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Source: Yonhap News (January 25, 2025)
** This article was translated from Korean.