Kibo signs business agreements with 11 organizations, including Incheon City.

The Korea Technology Finance Corporation (Korea Technology Finance Corporation, Chairman Kim Jong-ho) announced on the 24th that it signed a 'Business Agreement for the Establishment and Support of a Technology Transformation Innovation Platform for Small and Medium-sized Enterprises' with 11 organizations in the Incheon area, including Incheon Metropolitan City, Incheon Techno Park, and Incheon Intellectual Property Center, at Incheon City Hall.

This agreement was established to establish a customized support system to enable Incheon-area small and medium-sized enterprises (SMEs) to quickly adopt future core technologies and transform into technology-innovative enterprises in response to changes in the technology-centric industrial environment.

Under the agreement, each organization will jointly identify companies in need of technology transfer, and KIBO will provide comprehensive financial and non-financial support, including technology transfer, M&A, technology guarantees, and investment linkages, through its technology transaction platform, "Smart Tech Bridge." Incheon Technology Partnership and Incheon RIPC will provide non-financial support, including demonstration support and intellectual property consulting, while Incheon City will expand investment in promising SMEs in strategic and specialized industries through fund investment projects.

The "Technology Transformation Innovation Platform" established through this agreement is expected to contribute to reducing technology adoption costs and increasing the success rate of commercialization by providing a customized support system for each stage, from technology introduction to verification, commercialization funding, and investment attraction.

Park Joo-sun, Executive Director of Kibo, said, “This agreement is a regional cooperation model to promote the innovative growth of small and medium-sized enterprises in the Incheon area,” and added, “We will continue to strengthen cooperation with related organizations to enhance the innovative capabilities of small and medium-sized enterprises and take the lead in creating a sustainable industrial ecosystem.”

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