Certification of Inno-Biz

The term 'Inno-Biz' was coined by combining the words innovation and business. Inno-Biz refers to tech SMEs equipped with competitive edge based on their innovation capabilities.

Eligible Companies and Requirements
Eligibility	All SMEs with more than 3 years of business operation without regard to their industries
Selection Process	Evaluators from KOTEC make on-site audit those applicant SMEs whose score of self-assessment is higher than 650.
Certification Criteria	Score of 'Technology Innovation System' should be 700 or higher Final rating of KOTEC's Technology Rating System should be B or higher

01.Application & On-line Self Assessment
Applicant SMEs
- Companies with On-line Self Assessment score of 650 or higher apply for the certification at the Inno-Biz website(www.innobiz.net)
02.On-site Audit and Notification of Assessment Results
KOTEC
- After completing on-site audits to applicant SMEs' premises, KOTEC conducts technology assessment using the Technology Innovation System, the Innio-Biz evaluation model, and its own evaluation methods
- KOTEC notifies results of its technology assessments to the Ministry of SMEs & Startups(MSS)
03.Awarding of Inno-Biz Certification
Ministry of SMEs & Startups(MSS)
- Applicants with Technology Innovation System score of 700 or higher and KOTEC's technology rating system rating B or higher are awarded with the Inno-Biz certification by the MSS