Evaluation and Approval
Documentary Evaluation
- According to the following evaluation criteria, experts in corresponding technology fields evaluate submitted proposals.
※ Project Evaluation Criteria
| Company Background | Company scale, R&D capability, sales, shareholder, support field, product development performance etc. |
|---|---|
| Innovation | Development potential, company & personnel descriptions, project duration etc. |
| Commercialization | Market potential, profitability, domestic and international sales capability etc. |
| Cooperation & Benefit | Needs for collaborative research, indirect and direct benefits, projected benefits for each party, synergy effect etc. |
| Budget | Budget balance between each party etc. |
Onsite interview
- After evaluation by experts, managers and evaluators from KORIL-RDF carry out onsite interview in order to help companies to revise their initial proposals submitted based on the results of evaluation by experts. A final grade will be given after evaluation of revised proposals.
Board of Directors
- The Board of Directors is composed of 8 in total, 4 from each country. Final selection of projects will be made by the Board of Directors.
