IPTECH (CEO Han Chi-won), a company specializing in IP monetization, announced on the 14th that it has secured investment from K-Ground Ventures (CEO Cho Nam-hoon) for its "IP Lifecycle-Based Monetization System." This investment was made in recognition of the high value of its deep tech commercialization and IP monetization strategy.
IPTech specializes in assessing the full-cycle value of intellectual property (IP) created by universities, research institutes, and startups, and strategically commercializing and monetizing it. Unlike the traditional Non-Practicing Entity (NPE) approach, which focuses on patent acquisition, IPTech maximizes corporate value through three strategies: re-creating IP for struggling startups, increasing the global value of growing startups, and creating markets based on public technology.
As a managing patent attorney at IPS Patent Law Firm and former CEO of IPS Ventures, CEO Han Chi-won possesses deep tech expertise that combines IP investment and entrepreneurial experience. A prime example is Tyroscope, founded based on technology from Seoul National University and UNIST. He has also participated in the IP-based growth strategies of several deep tech companies, including VPix Medical, MediWhale, and Standup Therapeutics.
Namhoon Cho, CEO of K-Ground Ventures, explained the investment background, saying, “If the original IP based on national R&D is not properly commercialized, it will lead to a loss of national competitiveness,” and “IPTech is a sustainable technology commercialization model that simultaneously supports the commercialization of IP assets and entry into the global market.”
Based on this investment, IPTech plans to enhance its value assessment system in the technology transaction market and support the strategic monetization of public and private IP and its entry into the global market.
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