Kibo Partners with InnoBiz Association and MainBiz Association for SME Patent Mutual Aid

Patent Mutual Aid Recruitment Consignment Contract Signed... Mutual Cooperation to Expand SME Patent Mutual Aid Enrollment

[Asia Economy Reporter Kim Cheol-hyun] The Korea Technology Finance Corporation (Chairman Jung Yoon-mo, hereinafter referred to as Kibo) announced on the 20th that it has signed a 'Patent Mutual Aid Recruitment Consignment Contract' with the Inno-Biz Association (Chairman Cho Hong-rae) and the Main-Biz Association (Chairman Seok Yong-chan) to promote the patent mutual aid system and attract subscribers.

Through this contract, the Inno-Biz Association and the Main-Biz Association will introduce the patent mutual aid system and provide subscription consultations to member companies planning overseas filings or needing preparation for domestic and international intellectual property trials and infringement lawsuits.

Companies encouraged to subscribe by the associations can join the patent mutual aid system remotely through the patent mutual aid website. Companies subscribed to the patent mutual aid system will enjoy benefits such as reduced guarantee fees when receiving new guarantees from Kibo, free legal advisory services, and additional points in some projects supported by the Korean Intellectual Property Office.

Last August, Kibo introduced the patent mutual aid system, which supports overseas patent filings and intellectual property dispute costs through an advance loan and subsequent installment repayment method, to help companies establish a stable management foundation and support overseas expansion. By March of this year, 2,647 companies had joined.

As the importance of intellectual property rights has recently been emphasized and patent disputes have increased, Kibo is promoting the patent mutual aid system and increasing subscribers by signing consignment contracts with patent law firms and others. In the future, Kibo plans to continuously expand differentiated preferential benefits for companies subscribed to the mutual aid system.

Director Lee Jong-bae of Kibo said, "Through this consignment contract, it is expected that Inno-Biz and Main-Biz certified companies, equipped with next-generation growth engines through innovative activities, will join the patent mutual aid system to prepare for intellectual property disputes and strengthen intellectual property competitiveness through active overseas patent filings."

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