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Government support project

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Supporting business

A supporting business means a business that provides free financial support for the technological and production development and commercialization to companies without obligation to repay them.
The use of support funds includes R&D, fees for domestic and foreign certification, fees for participating in exhibitions and advertising marketing expenses, domestic and foreign sales, job security funds and employment support.
Only a few businesses provide full-time support, and there is a 10-15% self-funding depending on the type of support.

- Introduction on government-supporting working funds

A government policy fund that is provided by the government at a low interest rate to reduce the company’s financial expenses when the company needs the driver’s money to buy, produce, and sell materials when necessary.

- Consultation on working funds for small business

Consultation with the government-fund up to 9 billion KRW for the necessary needs for company to purchase raw materials and pay for goods during operation.

- Benefits for government funding

Government-funding for small businesses can reduce financial expenses due to the low interest rates compared to other banks.

※ Companies with more than three years of business meet three requirements for competitiveness compared to other companies.

- Completing thorough business plan

· It is more important to develop a business plan than to assess certification and financial status for companies less than three years of business
· Various forms for institutions and businesses exist and appropriate preparation of the form is needed.
· Technical and business skills of the company must be emphasized.

- Securing 3 business confirmation

· Certification of ISO, Capital Research Institute, Venture company / and Innobiz can be secured to obtain more points on technical evaluation.
· If there is no objective evaluation indicator of high technology capabilities such as certification of new technologies or new products, the 3 business certifications are necessary
·Since there are support business that can apply only to companies with specific certifications, the 3 business certifications are required.

- Financial Structure Management

· Companies with unsound financial structure such as high debt ratios, long-term deficit and accounting frauds can be the reasons for failure.
· Main written indicators of assessment of support projects are debt ratio, growth in sales and operating profit ratio.
· Improvement of financial structure within the help of tax accountant, accountants, and business finance advisor is needed in order to succeed in supporting business.

It is difficult to succeed government supporting business.
A great help for the successful supporting business is guaranteed by solving difficult aspects of government support, and with the detailed analysis of the purpose of the project, selection of criteria and methods, and scoring techniques within the help of experts.
Focus Administration Corporation Office will be with all the process.

Process for Implementation of Government Policy Projects

Support for Small and Medium Businesses
Needs

Panel of expertsSolution derivation

Government project plan / Development supportReview of the relevant department's affiliates

Government Policy ProposalFeasibility Study for Policy Projects

Government approval
(budget allocation)

Counseling Information and Procedures
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Work process

Experts on various fields from the office discuss on appropriate process and the range of work with consultation.
The contract will move on to the progress through discussion on consulting work and the range of work on requested area.
Consulting work will be progressed in accordance with the established procedures and work schedule after the contract.

Consultation Reception
(Telephone or Online consultation)

Assigning experts by area

Consultation Progress
(Consultation Answers and Visit Counseling)

Business Contract
(Telephone or Online consultation)

Consultation Progress
(Consultation Answers and Visit Counseling)

  • Online Inquiry

    The person in charge will answer questions about the FOCUS Consulting Inc. 1:1.

    Consulting Inquiry General Inquiry
  • Contact Us

    Tel

    02-6953-3732

    Email

    support@focusconsulting.kr