The Ministry of Science and ICT and NIPA support tailor-made programs to build the global capacity of Korean metaverse companies!

LOS ANGELES, CA, Sept. 28, 2022 /24-7PressRelease/ — The Department of Science and ICT and the National Computer Industry Advancement Agency (NIPA) will develop metaverse enterprises with mass global competitiveness through support tailored to the Korean metaverse and focused on enterprise XR content.

This activity is a consistent part of the “New Leading Metaverse Industry Strategy” jointly announced by the whole of government in January, which focuses on developing global specialists who can lead the future Metaverse industry. Currently, Korean startups and SMEs are struggling not only to adapt to metaverse-centric changes in business, but also in investment. This activity is called upon to industrialize in a systematic and professional manner, as well as to offer new opportunities for growth.

The “Global Capability Improvement Support Business”, which has a scale of KRW 11.9 billion, categorizes companies wishing to expand overseas according to growth stages, separating them into initial entry, take-off in the medium term and leading experts. In addition, a total of 70 companies (initial entry-30, mid-term take-off-30, leading expert-10) will be selected, and the global competitiveness of Korean companies related to metaverse and XR content will be ensured through programs adapted step by step. .

In particular, candidates will benefit from various support programs to develop in foreign markets, such as technological development, labor matching, investment attraction, as well as various other advisory programs. . “Initial entry ventures” will be supported by crowdfunding and content marketing verification programs. to help secure initial investments, and “mid-level start-up companies” will be supported to discover and match sources of overseas demand, as well as receive business opportunities. Finally, “leading expert companies” will receive targeted support with business funds for things like joint collaboration between Korean platform companies and foreign content companies.

Meanwhile, the 2022 Metaverse Content Global Capability Improvement Support Business plans to promote K-Metaverse brands and promising Korean companies and enhance the reputation of the Korean XR industry by participating in various global exhibitions. Detailed information about participating companies can be found on the “K-Metaverse 2022” homepage.

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