Deadline: 30-Apr-24
The South Korean national funding body through Eureka’s Network projects programme has launched call for projects for organisations collaborating on international R&D projects in all technological fields.
This Call for projects has been launched by South Korean national funding body following Eureka’s Network Projects framework.
Funding Information
- South Korea (KIAT): The Korean dedicated budget provided by the Ministry of Trade, Industry and Energy (MOTIE) and managed by KIAT is open to all applications from companies with registered R&D laboratories, research institutes and universities.
- The funding amount is up to KRW 500,000,000 (approximately € 370,000 with an exchange rate of ₩1,350/€ 1, quoted for illustrative purposes) annually.
- The maximum duration of the project is 3 years.
- Project funding comprises government grants and civilian dues (cash and in-kind).
- The total costs for each of the partners in the consortium should also be reflected in the Eureka (SmartSimple) application and match the national application.
Eligibility Criteria
- Eureka has limited eligibility criteria for organisations participating in a Network projects consortium:
- Your project idea must represent international cooperation in the form of a specific project.
- The project must be directed at researching or developing an innovative product, process or service with the goal of commercialisation.
- The project must have a civilian purpose.
- Your consortium must include at least one South Korea-based company and one organization from one of the Eureka countries.
- No single organisation or country can be responsible for more than 70% of the project budget.
- KIAT has additional criteria for South Korean organisations to be eligible to receive funding:
- Korean consortium must include at least one company (private enterprise).
- Research institutes or universities are welcomed as additional participants.
- Korean company should be in operation for more than one year after establishment and the company is required to have a ‘Corporate R&D Centre Certification’ issued by the Korean Government (Korea Industrial Technology Association).
- Every Korean organisation must meet all eligibility criteria in accordance with the domestic regulations, or it might be rejected.
For more information, visit Eureka.