[The K Beauty Science] BJ BIOCHEM's project named "Development of Coffee oil-based Methyl ether sulfonate (MES) in response to global palm oil regulations" was selected as the "Business-linked Technology Development Support Project" by the Ministry of SMEs and Startups (MSS) this year.
The MSS announced on November 16 that it has selected 10 tasks for the "business-linked technology development support project" to support the expansion of innovation capabilities by enabling SMEs to develop mid & long-term technology developments.
The "business-linked technology development support project" is the first project that the MSS attempts to receive continuous and step-by-step support for two projects this year.
Through this project, small and medium-sized companies will be able to focus on technology development stably following their long-term technology development (R&D) strategies without being interrupted.
Despite the newly introduced project this year, 470 small and medium-sized companies applied with a high competition rate of 47 to 1. And It selected 10 tasks through a strict evaluation.
Among the various tasks received, they were selected mainly based on its technological distinction, ESG, and the possibility of early commercialization (carbon neutrality (3 tasks), materials, parts, and equipment (4 tasks), information and communication technology (ICT) field (3 tasks)).
BJ BIOCHEM’s business-linked technology (example)
BJ BIOCHEM's "Development of Coffee oil-based MES in response to global palm oil regulations" project aims to extract coffee oil from 10 million tons of spent coffee grounds, which have similar carbon composition to palm oil, every year [Step 1] and use it to develop eco-friendly bio-surfactants [Step 2] from this year.
This task is expected to contribute to actualizing carbon neutrality, which has recently emerged as a global issue.
R&D results are not only used in various fields such as cosmetics, clothing, and kitchen detergents, but also can reduce waste and prevent indiscriminate forest destruction, which is expected to create results in line with the demand for "environmental, social, and governance (ESG) management."
The selected project will receive an average of four years of technology development and $735,000 in technology development fund, and will be linked to various projects to differentiate the development period and scale according to the mid and long-term development goals and scope and the nature of the project.
We expect business-linked technology development to serve as a catalyst for SMEs to expand mid and long-term technology development (R&D) strategies and accumulate superior capabilities, said Won Young-joon, a technology innovation policy officer at the Ministry of SMEs.
[The K Beauty Science] BJ BIOCHEM's project named "Development of Coffee oil-based Methyl ether sulfonate (MES) in response to global palm oil regulations" was selected as the "Business-linked Technology Development Support Project" by the Ministry of SMEs and Startups (MSS) this year.
The MSS announced on November 16 that it has selected 10 tasks for the "business-linked technology development support project" to support the expansion of innovation capabilities by enabling SMEs to develop mid & long-term technology developments.
The "business-linked technology development support project" is the first project that the MSS attempts to receive continuous and step-by-step support for two projects this year.
Through this project, small and medium-sized companies will be able to focus on technology development stably following their long-term technology development (R&D) strategies without being interrupted.
Despite the newly introduced project this year, 470 small and medium-sized companies applied with a high competition rate of 47 to 1. And It selected 10 tasks through a strict evaluation.
Among the various tasks received, they were selected mainly based on its technological distinction, ESG, and the possibility of early commercialization (carbon neutrality (3 tasks), materials, parts, and equipment (4 tasks), information and communication technology (ICT) field (3 tasks)).
BJ BIOCHEM's "Development of Coffee oil-based MES in response to global palm oil regulations" project aims to extract coffee oil from 10 million tons of spent coffee grounds, which have similar carbon composition to palm oil, every year [Step 1] and use it to develop eco-friendly bio-surfactants [Step 2] from this year.
This task is expected to contribute to actualizing carbon neutrality, which has recently emerged as a global issue.
R&D results are not only used in various fields such as cosmetics, clothing, and kitchen detergents, but also can reduce waste and prevent indiscriminate forest destruction, which is expected to create results in line with the demand for "environmental, social, and governance (ESG) management."
The selected project will receive an average of four years of technology development and $735,000 in technology development fund, and will be linked to various projects to differentiate the development period and scale according to the mid and long-term development goals and scope and the nature of the project.
We expect business-linked technology development to serve as a catalyst for SMEs to expand mid and long-term technology development (R&D) strategies and accumulate superior capabilities, said Won Young-joon, a technology innovation policy officer at the Ministry of SMEs.