How to Write a Kibo Policy Fund Loan Application That Stands Out
Have you checked out Comprehensive Guide to Applying for SME Policy Funds, which covers the types of SME policy funds, strategies to increase approval rates, and how to write business plans and financial statements?
✅ Comprehensive Guide to Applying for SME Policy Funds - How to Write Business Plans and Financial Statements for KOSB Loan
This time, we'll delve into an advanced level of funding methods, focusing on the Technology Credit Guarantee Fund application process.
The Technology Credit Guarantee Fund supports SMEs with technological prowess by offering lower interest rates and higher limits. However, many companies are deterred by the stringent technology assessment criteria and complex documentation.
This article provides a comprehensive overview of the differences between the Technology Credit Guarantee Fund and policy funds, tech assessments, business plan writing, and key points to boost approval rates to 90%.
At the end, we will also introduce a method to complete the Technology Credit Guarantee Fund application using AI, so read on!
Policy Funds vs. Technology Credit Guarantee Fund: Here's the Difference
Many SMEs confuse policy funds with the Technology Credit Guarantee Fund. Simply put, policy funds focus on financial health and credit rating, while Kibo focuses on technology-centric evaluation.
Comparison Between Policy Funds and Technology Credit Guarantee Fund
Policy Funds
Screening Criteria: Focus on financial soundness and credit rating
Interest Rate: Average 2~3%
Limit: Generally 500 million to 1 billion KRW
Collateral: Required
Technology Credit Guarantee Fund
Screening Criteria: Technological potential, marketability, feasibility for commercialization
Interest Rate: Possible to achieve 1% depending on technology grade
Limit: Can exceed 3 billion KRW or more
Collateral: Technology can replace the collateral
With relatively lower collateral burden, and the possibility of lower interest rates and larger guarantees based on technology grades, the Technology Credit Guarantee Fund is considerably beneficial for technology-oriented companies.
The Key to the Technology Credit Guarantee Fund is Technology Rating: Complete Analysis of Kibo Approval Conditions
The essence of applying for the Technology Credit Guarantee Fund is the technology rating. Technology ratings quantify a company's tech capabilities into indicators ranging from grade A to D. Achieving a high grade expands guarantee limits and lowers interest rates.
Three Key Factors for Kibo's Tech Assessment
Technological Potential: Originality, differentiation, and technical completeness
Marketability: Market size, growth potential, and competitive advantage
Feasibility for Commercialization: Potential for actual product/service commercialization, readiness for commercialization, projected sales
Self-Diagnostic Checklist for Technology Rating
☑️ Possession of technological patents and certifications
☑️ Ownership of prototypes or validation data
☑️ Specificity of market entry plan and sales targets
How to Write Tech Assessment Reports: Concrete Strategies to Increase Approval Rate
"In writing the Technology Credit Guarantee Fund application, I hit a snag with the tech assessment report."
"I’m uncertain if our technology will be recognized and the evaluation criteria are overly complex."
The documentation for the Technology Credit Guarantee Fund is significantly more intricate than policy funds.
The tech assessment report is not simply a technical document; it persuades the evaluator of the technology's value.
Numerous companies, when preparing Kibo application documentation, exaggerate the technical aspects or simplify them excessively, thus losing credibility.
Step-by-Step Strategy for Writing Tech Assessment Reports
1️⃣ Explain in Layman's Terms
Example: Our technology cuts production time in half.
2️⃣ Specify Differences with Existing Technology
Example: 30% faster than existing solutions, reducing maintenance costs by 40%
3️⃣ Highlight Benefits to Customers
Example: This technology expects to save 1 billion KRW annually and create additional sales
Examples of Writing Tech Assessment Reports
For those struggling to express the uniqueness, innovation, and originality of their technology, we've prepared examples of tech assessment reports.
AI Education Startup A:
Development of AI-based educational data analysis and report generation technology, processing 100 tokens per second, with detailed accuracy above 90%
Medical Device Startup B:
Developed an algorithm for diagnostics that is 30% faster and more accurate than existing technologies, backed by FDA approval and hospital pilot test results
Eco-friendly Material Manufacturing Company C:
A new material biodegrades over 70% faster than existing plastics, emphasizing market appeal using European eco-certification materials
Clearly present the strengths of technology based on industry type and include objective figures and certification materials (patents, test results, market reports, etc.) to help enhance technology rating.
Additionally, explain how your company's technological excellence benefits actual customers and the market.
How to Write Business Plans: Core Methods to Obtain Technology Credit Guarantee Fund Approval
When applying for the Technology Credit Guarantee Fund, a business plan is as vital as the tech assessment report. It substantiates how the technology can realistically be converted into a business.
Business plans typically contain 6 major categories, 24 medium categories, and 50 subcategories. The narrative includes tables and graphs, each with different requirements, which can be confusing.
Precautions When Writing Business Plans
Summarize Key Content First
It is simpler to connect technical, market, and financial plans by prioritizing the completeness of the technology, market entry plan, and sales forecast.
Develop Conservative Plans
Propose realistic figures instead of excessive optimism.
Include Specific Implementation Plans and Risk Mitigation Strategies
You should include financial plans, technology development roadmaps, investment, and risk management plans, such as 'Securing a 5% share of the domestic market by 2025 → Completing 3 initial contracts with public institutions → Expanding additional markets'.
Contents to Include in Business Plan Sections
☑️ Technical Overview: Principle, structure, development background of core technology
☑️ Technology Differentiation: Comparison with existing technologies, specific improvements (e.g., 30% faster production process compared to existing products)
☑️ Market Analysis: Domestic and international market size, growth rate, target customer groups, competitor analysis
☑️ Commercialization Strategy: Productization plan, production/distribution structure, pricing strategy
☑️ Financial Plan: Expected sales, operating profit, break-even point (BEP)
☑️ Risk and Countermeasure: Predicted issues and specific resolution strategies
Strategies for Writing Policy Fund Applications (Technology Credit Guarantee Fund, Credit Guarantee Fund, Industrial Bank)
Policy funds applications for Technology Credit Guarantee Fund, Credit Guarantee Fund, and Industrial Bank each require different documentation structures and evaluation perspectives.
Even with the same technology, different perspectives must be emphasized, necessitating new planning and writing each time.
Technology Credit Guarantee Fund (Kibo)
Technology Credit Guarantee Fund primarily evaluates technological innovation and market impact. It demands an in-depth review of technology differentiation, performance improvement compared to existing technologies, and technology protection strategies.
Credit Guarantee Fund (Shinbo)
Credit Guarantee Fund emphasizes credit and financial stability alongside technology. It reviews financial statements, debt ratios, collateral capabilities, and views the technology aspect as supplementary.
Industrial Bank (Sanun)
Industrial Bank focuses on large-scale investment effects, job creation, and national industry development contributions.
Hence, when submitting identical technology content to multiple agencies, adjusting the key message per agency and designing the table and graph composition differently can increase the likelihood of approval.
Application Strategies for Each Agency
✅ Technology Credit Guarantee Fund: Emphasize the originality of technology, differentiation strategy, and patent and IP protection plan
✅ Credit Guarantee Fund: Focus on financial soundness, debt ratio, performance data of the latest three years, and risk management plan
✅ Industrial Bank: Stress investment attraction scale, job creation, regional industrial activation, and ESG contributions
How to Complete Tech Assessment and Business Plans Using AI Without Fear of Technology Leaks
Many SMEs spend several weeks writing tech assessment reports but fail, paying millions in external consulting fees.
Concerns about technology leaks persist when using external consultants.
With complex tech assessment and business plans, employing inline AI can resolve them safely and efficiently.
How to Write Tech Assessment & Business Plans Using Inline AI
1️⃣ Upload the Latest Forms by Agency
Automatic recognition of PDF, HWP, and Word formats of Technology Credit Guarantee Fund, Credit Guarantee Fund, Industrial Bank, etc.
Automatic analysis and structuring of the latest version formats
2️⃣ Input Core Technology and Business Content Briefly
Input keywords such as 'unique features of our technology', 'market entry plan', 'expected sales'
Upon inputting our technology and business content description in natural text, it's immediately recognized
3️⃣ Automated Item Mapping and Completion of Professional Sentences
AI analyzes the intentions and requirements of each item's section in agency forms
Generates sentences automatically transformed to match professional terminology and review perspective
Example: 'Faster and more accurate' → 'Achieved a 30% increase in processing speed and 95% accuracy, demonstrating superior performance over existing technologies'
4️⃣ Automatic Generation of Tables and Graphs
Automatic design of visual materials such as profit-loss statements, investment plans, market share projections, based on entered numerical data
Instant provision in the format required by the agency
5️⃣ Real-Time Error Review and Suggestions for Improvement
Automatic warnings for missing information, logical inconsistencies, exaggerated expressions
Real-time notification of areas needing improvement
6️⃣ Customized Conversion for Agencies
With the press of a button, automatically convert documents initially written for the Technology Credit Guarantee Fund for use with the Credit Guarantee Fund or Industrial Bank
Example: 'Innovation and technology differentiation for Technology Credit Guarantee Fund' → 'Market stability and financial soundness for Credit Guarantee Fund'
Automatic adjustment of emphasis points and logical structure minimizes the need for additional writing
Inline AI uses a local-based RAG (Retrieval Augmented Generation) system for secure writing without concerns of technology security breaches or data leaks.
All input data is processed internally on the PC and is not transferred or stored to external servers.
Do Not Worry About Technology Finance and Policy Fund Applications Anymore
With a step-by-step approach and AI tools, technology finance documents can be adequately managed.
Complete multiple agency custom writings with single input and prepare for a long-term technology development funding plan.
