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What is ‘Innobiz’?
  It is a compound word of innovation and business and stands for technologically innovative small-
  and-medium-sized corporations with competitive edge on technology.
What does NEP(New Excellent Product) mean?
  As it is evaluated by Korean government as new product, which applies innovative and improved
  technology from previous technology or new technology developed for the first time in Korea, it
helps to expand market or to promote technological development.
  As a Multi Pattern Water Mist Gun equipped with rotating-type spray pattern, our company acquired
acertificate for new product given by Ministry of Commerce Industry and Energy.
Related Law
  Article 26 of Industrial Development Law (commercialization of developed technology) and Article
  28 of its enforcement ordinance (commercialization & promotion project of developed technology)
What is to be certified
  It means a product which applies new technology for the first time in Korea or a product which
  applies improved technology in an innovative way, and it should be a newly developed product in
less than 3 years.
The Effective date of the certificate

3 Years

The Support of the certified product
  • Support business loan and provide preference on credit guarantee from credit guarantee institution
  • Provide preference on quality assurance of machinery mutual-aid association
• Preferential procurement by governments and public investment institutions
• Support for aexpanding marketsuch as expanding demand-based market or increasing export of certified
• Participation in domestic and international exhibition or supporting product promotion, etc