Jeonbuk Province Promotes Activation of Agricultural Life and Food Technology Transactions

[Asia Economy Honam Reporting Headquarters Reporter Park Seon-gang] Jeonbuk Province announced on the 28th that it will invest a total of 300 million KRW to implement for the first time this year the ‘Agricultural Life and Food Technology Transfer Brokerage and Technology Commercialization Support Project’ and the ‘Jeonbuk-type Future Innovation Food Development Support Project’ to prevent the loss of excellent technologies from regional innovation institutions, universities, and companies, and to enhance the technological competitiveness of enterprises.

The ‘Agricultural Life and Food Technology Transfer Brokerage and Technology Commercialization Support Project’ aims to support technology transfer and commercialization to increase the success rate of commercialization of excellent technologies of agricultural life food companies.

The province expects that securing core technologies to respond to overseas export regulations of local companies and brokering technology transfer of unused technology patents will enable practical commercialization.

To this end, through the technology transfer brokerage support project, the province will select technologies from innovative institutions and universities in the province that possess excellent technologies, hold technology briefings, conduct demand surveys of companies wishing to acquire technologies, support matching between technology-demanding companies and technology-holding institutions, and through next month’s announcement, provide pre-verification support for transferred technologies, technology value evaluation support, and follow-up support for technology commercialization, thereby supporting the technology commercialization of seven companies and promoting technology transactions.

In addition, moving beyond simple processed food development support, the province plans to implement the ‘Jeonbuk-type Future Innovation Food Technology Development Support Project’ to support the development of innovative foods that meet recent food trends and to enhance the technological competitiveness of agricultural food companies.

The province plans to select three tasks through next month’s announcement and actively support innovative food development to revitalize the food industry.

A provincial official said, “As this is the first year of implementation, it is expected to promote technology transactions between local research institutions and companies and stimulate technology development in food companies,” adding, “It will greatly contribute to enhancing the technological competitiveness in the smart agricultural life industry sector of Samrak Nongjeong.”

This content was produced with the assistance of AI translation services.