- Documentary Evaluation
- Onsite Interview
- Evaluation by Board of Directors
Evaluation and Approval
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.|
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.