The Ministry of SMEs and Startups announced the results of the 2024 public institution co-growth evaluation on the 21st.
The public institution co-growth evaluation assesses the co-growth activities of public institutions with small and medium-sized enterprises. Since 2007, the government has been announcing the results in five grades (excellent, good, fair, average, needs improvement).
This evaluation was conducted for 134 public institutions. 43 institutions received excellent, 30 institutions received good, 29 institutions received fair, 14 institutions received average, and 18 institutions received needs improvement grades.
In particular, public institutions that supported small and medium-sized enterprises' entry into global markets, contributed to co-growth with local communities, expanded the startup ecosystem, or supported technological competitiveness and practical assistance for small and medium-sized enterprises received excellent grades.
In this evaluation, 73 public institutions received grades of good or higher, accounting for more than half at 54.5%. 33 institutions experienced grade increases, indicating an overall improvement in the level of co-growth among public institutions.
Additionally, eight institutions, including the Deposit Insurance Corporation and the Korea Startup Promotion Agency, made their first entry into the excellent grade since participating in the evaluation, and the number of institutions rated excellent for two consecutive years increased from 20 last year to 29.
Oh Youngju, Minister of the Ministry of SMEs and Startups, noted, 'The leading role of public institutions in co-growth with small and medium-sized enterprises is strengthening,' adding, 'We will actively support the diffusion of successful cases from public institutions into the corporate ecosystem through projects like the Win-Win Honors Project and ensure that these cooperative models grow and develop.'