RIGHT FUND RFP


The Technical Accelerator Award (TAA) supports early-stage projects developing proof-of-concept or additional scientific results that can be used to support later-stage product development projects.
The Product Development Award (PDA) is supports late-stage product development projects, in development stages of Phase I and onward.

While the target disease areas and investment priorities of the two Awards are the same, the Awards differ in details as the table below.
Please also refer to the RFP FAQ for frequent inquiries and according responses.

Technical Accelerator AwardProduct Development Award
Development StageProof of Concept*/PreclinicalPhase I and onward
Project durationUp to 24 monthsUp to 36 months
Project budgetUp to 500 million KRWUp to 50% of total project cost
(4 billion KRW max.)
Call Frequency**Twice a yearOnce a year
*Scientific verification of an innovative idea prior to a bigger development plan
**Schedule may be subject to change

Eligible Development Stages