YJ Link selected as a Local Innovation Leader

YJ Link was selected as a Local Innovation Leader in Daegu.

On the 17th, the Ministry of SMEs and Startups held a launching ceremony for ‘Local Innovation Leading Companies 100’ at EXCO in Buk-gu, Daegu. ‘Local Innovation Leading Companies 100’ is a small and medium-sized business policy promoted as a national task by the President Yoon’s government. The goal of this national task is to discover promising companies with innovation capabilities and growth potential and nurture them as ‘anchor companies’ that lead the ecosystem of key local industries and the local economy.

The target of selection is small and medium-sized enterprises(SMEs) with the three major competencies to lead the ecosystem of the local’s key industries. The three major competencies are: ▷ the subject of mutual growth for collaboration between local SMEs ▷ possessing excellent innovation capabilities and growth potential ▷ contributing to the local industry and economy, such as job security and export growth.

The designation period is up to 6 years. The R&D funds will be supported up to KRW 2 billion to designated company. They can also receive preferential policy funding of up to 10 billion won and support from various programs, including support for broadcast advertisements, sales channels, and human resource development.

Park Soon-il, CEO of YJ Link, said, “We will do our best to lead Daegu’s main industries, transportation equipment, machine materials and parts, and contribute to the local economy through cooperation with local innovation organizations and local SMEs.”