The Korea Technology Finance Corporation (KTFC) (Chairman Jong-ho Kim, hereinafter referred to as “KIBO”) announced on Monday, the 7th, that it signed a “Business Agreement for Technology Transaction Supporters to Expand Demand for Technology Transfer and Activate the Technology Transaction Market” with the Creative Economy Innovation Center (hereinafter referred to as “Changgyeong Center”) .
This agreement was prepared to effectively discover technology transfer needs from small and medium-sized enterprises, eliminate blind spots in technology transaction support projects, and support the revitalization of the private-sector-centered technology transaction market.
As part of the Small and Medium Business Administration's support project to promote technology transactions between small and medium-sized enterprises, Kibo operates the 'Technology Transaction Supporters' (hereinafter referred to as 'Supporters') system and selects its personnel as Supporters through agreements with related organizations that have contact with small and medium-sized enterprises.
Supporters discover companies in need of technology transfer on the spot and guide them through Kibo’s technology transfer and commercialization support system. If a company discovered by a supporter signs a technology transfer contract, Kibo pays a reward to the supporter. The supporter application period, which was originally until the end of June, has been extended to the end of September to expand the participation of cooperative organizations, and 189 supporters are currently active nationwide.
According to this agreement, Kibo plans to fully operate the technology transfer supporter system centered on seven nationwide Changgyeong Centers (Gyeonggi, Gyeongnam, Daejeon, Seoul, Sejong, Jeonnam, Jeonbuk, in alphabetical order). Each organization agreed to cooperate with each other in ▲strengthening the discovery of technology transfer demand from SMEs ▲promoting the supporter system and encouraging participation ▲establishing a technology transfer cooperation system ▲sharing information on technology transfer and commercialization support projects, etc.
Meanwhile, the Changgyeong Center is a regional startup organization operated through cooperation between the government, local governments, and the private sector, and serves as a public accelerator for fostering startups. Kibo plans to systematically discover technology transfer needs by utilizing each center’s regional network and strengthen support for commercialization, thereby working to revitalize the regional startup ecosystem.
Lee Sang-chang, CEO of Kibo, said, “Kibo has supported the creation of a self-sustaining technology transaction market and the open technological innovation of small and medium-sized venture companies based on private sector cooperation,” and added, “We will continue to expand collaboration with related organizations to increase the efficiency of discovering companies in demand and establish a solid growth foundation for technology companies by activating the private sector-centered technology transaction market.”
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