The Ministry of SMEs and Startups held the 2023 Public-Private Cooperation Open Innovation Performance Sharing Meeting at JW Marriott Dongdaemun Square in Jung-gu, Seoul on the 7th to spread the results of open innovation (open innovation) performance.

The public-private partnership open innovation project is a project that discovers and links the demand for collaboration between large companies and startups, and to activate open innovation with follow-up support from the government. This year, it supported the collaboration of 87 startups. Selected startups received up to 100 million won in funds for commercialization of collaboration, mentoring, and R&D support.

At the event, 37 companies, including outstanding collaborative start-ups and large companies, were awarded. Eight people, including Jae-hwan Park, manager of SK Telecom, Lee Jung-joong, head of Lotte World at Hotel Lotte, and Kim Sung-sung, manager of the Seoul Creative Economy Innovation Center, received the MSME Minister’s Commendation. Lotte World, May Eye, Moorim P&P, and YooSeung In Nature Nature were introduced as outstanding examples of collaboration

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Five companies, including Thoth, CA Lab, Rznomics, The Wave Talk, and MANGOSLAB, were selected as support companies for the Super Gap Startup Open Innovation Challenge. The Ministry of SMEs and Startups selected 5 start-ups with high potential through cooperation with large companies in the 10 Super-gap fields and provide them up to 50 million won in collaboration funds and preferential benefits when applying for next year's Super-gap project.

Lim Jeong-Wook, head of the Startup and Venture Innovation Office at MSME, said, "Open innovation has now established itself as one of the pillars of mutual growth between large companies and startups," and added, "We will continue to create a win-win collaboration ecosystem where large companies and startups can grow together as a team."