The Korea Technology Finance Corporation (KTFC) (Chairman Jong-ho Kim, hereinafter referred to as “KIBO”) announced on Wednesday, the 2nd, that it will expand the support target of the “Technology Deposit (Technology Guardian)” and “TTRS (Evidence Guardian)” systems, which are operated to protect the technology of small and medium-sized enterprises, to include public research institutes, industry-academia cooperation groups, and technology holding companies (hereinafter referred to as “public performances, etc.”).
Technology deposit is a system that helps small and medium-sized enterprises to store information in their technology and management secrets in order to prevent them from being leaked, and to prove that they are the owners of the technology in the event of a future dispute such as a technology leak. TTRS is an evidence preservation service that supports the registration of data exchanged between companies during collaboration and negotiations such as technology transactions, M&A, and joint R&D, so that it can be used as evidence in legal disputes.
Since being designated as a technology custody organization in January 2019, Kibo has been operating two systems based on the technology protection platform 'TechSafe'. As of now, it has signed a cumulative 11,400 technology custody contracts, taking the lead in preventing technology leakage damage to small and medium-sized venture companies in advance and establishing a fair technology transaction culture.
Kibo has been operating a technology protection system targeting small and medium-sized enterprises, but this system improvement has expanded the scope to include public technology, thereby further strengthening the level of technology protection. Accordingly, it is expected that blind spots in technology protection will be eliminated, and technology theft of R&D know-how technologies from public research institutes and others will be prevented in advance.
In particular, since the technologies owned by public institutions and others were developed with government R&D budgets funded by taxpayers’ money, this measure is significant not only in terms of simple protection but also in terms of responsible management of national assets.
Kim Jong-ho, chairman of Kibo, said, “As a comprehensive technology protection support organization, Kibo has continuously worked to prevent technology theft in advance and to establish a technology protection system in the field,” and “This system improvement is a measure that reflects the characteristics of technology protection, where prevention in advance is more important than post-damage support.” He continued, “We will continue to strengthen the trust foundation of the technology innovation ecosystem through a comprehensive technology protection system that encompasses both the public and private sectors.”
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