The Korea Technology Finance Corporation (KTFC) (Chairman Kim Jong-ho, hereinafter referred to as KIBO) and the Incheon-Bucheon-Gimpo Small and Medium Business Convergence Association (Chairman Lee Heon-goo, hereinafter referred to as the Association) announced on the 11th that they signed a 'Business Agreement to Promote Technological Innovation and Strengthen Financial Support for Small and Medium Businesses' at Michuhol Tower in Incheon.
This agreement was prepared to establish an organic cooperative system between the two organizations to discover excellent small and medium-sized enterprises and venture companies in the Incheon, Bucheon, and Gimpo regions and to actively foster excellent regional technology companies by linking small and medium-sized enterprise support programs.
According to the agreement, the two organizations will discover local material and component specialists and lead the successful leap forward of excellent local technology companies through customized collaboration, including ▲strengthening financial support for SMEs ▲sharing information on comprehensive support including education and consulting ▲sharing professional manpower and developing policies to foster SMEs ▲expanding the publicity effect of SME support projects.
In addition, the two organizations agreed to create synergy effects through mutual information exchange on excellent local technology companies based on their professional capabilities, and to actively promote the creation of a technology-based innovation growth ecosystem in the region by utilizing Kibo’s open technology transaction platform, ‘Smart Tech Bridge.’
Kibo established a technology transaction organization in 2014 and began its technology transaction business. As of last year, it has supported approximately 9,800 cases of technology transfer to approximately 5,800 small and medium-sized and venture companies, and is leading the way in supporting open technology innovation for small and medium-sized companies.
Sim Seong-hak, head of the Incheon branch of Kibo, who attended the signing ceremony, said, “Through this agreement, a plan for technological innovation and step-by-step support for excellent small and medium-sized and venture companies in the region has been established,” and, “Kibo will continue to strengthen cooperation with related organizations and fulfill its role as a comprehensive support organization that supports the successful startup and innovative growth of excellent local technology companies.”
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