South Korea: KIAT

Name of Funding agency

Korea Institute for Advancement of Technology (KIAT)

Geographical coverage (national/regional)

National

Name of the programme/initiative

International Technology Cooperation Program of MOTIE

Programme website

www.kiat.or.kr

Programme owner

Ministry of Trade, Industry and Energy (MOTIE)

Program manager (executing funding organisation)

KIAT

Contact person(s) (e-mail, tel.)

Joosuk(Jason) Kang, Director, KIAT Europe Office

(kangjs@kiat.or.kr, +32-2-431-0591)

Funding Commitment

1 Million EUR

Anticipated number of fundable research partners

1-2 Partners

Maximum funding per grant awarded to a partner

500,000,000 KRW/year/project (up to 3 years)

(370,000 Euro/year/project, up to 3 years)

Type of research eligible for funding: eligible TRL range

TRL 3 ~ TRL 8

Funding rates (approx.)

Up to 67% for SMEs, up to 100% for non-profit organizations (Univ., Government Research Institutes)

Major eligibility criteria
(e.g. types of organisations, thematic restriction, cost types and caps)

· Funding is eligible for industrial research and/or technological development activities of Korean companies (large enterprise, SME), universities and research institutes. However, at least 1 private company should be included in the Korean consortium.

· All participating companies should be in operation for more than one year based on the date indicated on the Business Registration Certificate, and have the ‘Corporate R&D Centre Accreditation’ from KOITA (Korea Industrial Technology Association).

· Project funding is comprised of government contributions and civilian dues (cash and in-kind).

· The amount of government contributions will vary depending on the type of funding beneficiaries and project in accordance with Article 24 (Funding criteria) and Article 25 (Civilian dues) of the Common Operational Regulations for the Industrial Technology Innovation Programs in Korea. (ref. www.k-pass.kr)

· The government funding rates and civilian dues by the funding beneficiaries are as follow;

Classification

Share of government contributions

Minimum required share of Cash from the civilian dues

Large company

Up to 33%

At least 60%

Mid-tier company

Up to 50%

At least 50%

SME

Up to 67%

At least 40%

Other (non-profit)

Up to 100%

Only if necessary

* Company classification is followed by the relevant Korean Law

* For detailed information on the eligibility criteria and funding rates, please refer to KIAT website (Call announcement) : www.kiat.or.kr

Submission of the proposal at national/regional level (schedule, cut-off dates, deadlines, etc.)

Korean consortium should submit its national application via K-PASS system (online).

-        Deadline for submission of Pre-proposal (Kor) to the KIAT (15 June 2022)

For information on the national application submission deadline and procedure, please refer to KIAT website (Call announcement): www.kiat.or.kr

Submission of financial and scientific reports at the national/regional level

Korean consortium should submit annual progress report and financial report.

Final report should be submitted within 3 months after the end of project activities.

Further guidance

For project related issues, please refer to the common operational regulation for the industrial technology innovation programs in Korea (ref. www.k-pass.kr)