<Source: Provided by the Digital Innovation Division, Korea Small and Medium Business Administration>
On the afternoon of Thursday, October 29, the Small and Medium Venture Business Promotion Corporation (Chairman Kim Hak-do, hereafter, JUNG Vacuum) held an award ceremony for the final 15 winners of the 28th Small and Medium Venture Business Support Idea Contest in Jung-gu, Seoul (Millennium Hilton Hotel).
A total of 233 ideas were submitted for this year's contest in 4 fields, including support for small and medium-sized venture businesses, organizational management, public participation and social value, and regulatory innovation. Based on a national survey and expert evaluation, the final selection was made for 1 Grand Prize (3 million won), 2 Best (2 million won), 4 Excellent films, and 8 Encouragement films.
The grand prize went to Mr. Jeong Seong, who proposed a running mate support idea to nurture excellent companies specialized in each field by supporting manufacturing companies and brand companies in packages. Since small and medium-sized enterprises have relatively insufficient resources, multiple companies cooperate to promote projects, and China Vacuum is a collaborative support method that jointly supports these companies.
Taking advantage of the current experience of running a small and medium-sized venture company, it received high praise from both the jury and the national evaluation team for its fresh idea of a new support method needed in the corporate field.
▲ Impact Investment Robo-Advisor (Park Jae-joon, Park Young-joon, Heo Jae-sik Team) using social finance data and ▲ AI export matching app (Moon Heon-gyu, Lee Min Ah, and Lee Eun-yeol team) using public data from the Customs Service were selected for the 2nd Grand Prize.
In addition, ideas such as ▲ operating a P2P financial platform based on social platforms, establishing a consumer-centered information sharing network, supporting innovation in green factories for small and medium-sized venture companies in response to the Korean New Deal, revitalizing and refining regulatory forecasting systems, and building a data ecosystem through customized platforms were finally selected.
The entries for this year's contest did not stay in their current state, but had the common characteristic of improving customer-centered services based on innovative ideas or data utilization and analysis that deviated from traditional methods.
Chairman Kim Hak-do said, “The proposal to reduce the stability test standards for automobile drive batteries, which won the Grand Prize last year, contributed to resolving difficulties in the field by improving the regulation of automotive parts and designating a special free regulatory zone,” and “We will make smart and digitized support for small and medium-sized venture companies that citizens can experience by reflecting fresh ideas discovered in the competition in policies.”
Since 1991, Zhongvacuum has been discovering innovative measures and new business ideas for institutional operations and business structures that citizens can experience through an idea contest and reflecting them as new projects or using them to improve regulations. In particular, this year, in order to improve policy services required by consumers, the entire process from contest topic selection to evaluation was reorganized into a form of public participation to strengthen public communication.
Content source: Small and Medium Venture Business Development Corporation Press Release (3466)
Media coverage:
- Herald Economics - I found an idea for a 'mid-term upgrade'... Medium Vacuum and SME Venture Business Support Idea Contest Award Ceremony
- Cookie news - China Vacuum Hosts 28th Small and Medium Venture Business Support Idea Contest Award Ceremony
- eToday - Medium Vacuum and Small Venture Idea Contest Award Ceremony
- E-newspaper - Manufacturing-Brand Company Package Support Running Mate Wins Grand Prize in Medium Vacuum Idea Contest
- Jinju Newspaper - Medium Vacuum and Small Venture Business Support Idea Contest Award Ceremony
