The Korea Technology Finance Corporation (Korea Technology Finance Corporation, Chairman Kim Jong-ho, hereinafter referred to as “KIBO”) announced on Wednesday, the 5th, that it had signed a “Business Agreement to Support Startup and Innovative Growth of Technology SMEs in the Incheon Area” with the Korea Aerospace Research Institute (President Yoo Chang-kyung) on Tuesday, the 4th.
This agreement was established to foster startups in the aerospace and space industries and revitalize the region's open technology innovation ecosystem by linking the technological infrastructure and corporate support capabilities of both organizations, as Incheon accelerates its growth as a hub for the aerospace industry.
According to the agreement, the two organizations plan to promote ▲discovery, recommendation, and support of technology startup SMEs ▲discovery of demand for technology transactions ▲guarantee support for companies introducing external technologies and linkage with Incheon City's financial support projects ▲exchange of information and human resources ▲mutual cooperation in all aspects of business support work.
In particular, KIBO plans to establish a comprehensive support system covering all stages from technology transfer to financial support, linking guarantee support with Incheon City's secondary conservation project, to enable small and medium-sized enterprises in the aerospace industry to introduce excellent technologies and lead to commercialization.
Sim Seong-hak, head of the Incheon branch of Kibo, said, “Through this agreement, a financial support system has been established for the step-by-step growth of technology startups in the Incheon area,” and added, “Kibo will continue to actively work to expand cooperation with related organizations to promote the commercialization of excellent technologies and strengthen the technological competitiveness of local small and medium-sized enterprises.”
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