Korea's Top Business Fostering Program
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Fostering Global Star Enterprises (Nationwide model)
Status
Started in 2007, the Daegu Business Model was relaunched as 'Local Star Enterprise Fostering Project' in 2018, obtaining its footing as Korea's SMEs fostering policy.
Objective
To Bolster open innovation support for R&D design and resources, and to elevate the (level of) support for oversea expansion
Directions
- To designate 25 business support institutions (Daegu Technopark, Daegu Mechatronics & Materials Institute, Korea Institute for Robot Industry Advancement, Daegu Digital Industry Promotion Agency, etc.) as participating institutes in the star enterprise fostering program
- To have officials from 25 participating companies in the fostering program serve as PM in charge of each company to identify the business trends and demands for the linkage and support for what is deemed necessary