Up to 800 Million for Commercialization Technology Development... 'TechBridge' Platform

Alleviating Commercialization Burdens of Technology Transfer for Small and Medium Enterprises

Source: Ministry of SMEs and Startups

[Asia Economy Reporter Kim Daeseop] The Ministry of SMEs and Startups announced on the 23rd that it has selected 31 projects for the Tech Bridge Utilization Commercialization Technology Development Project and will provide up to 800 million KRW in technology development funds to companies over the next two years.

The Tech Bridge Utilization Commercialization Technology Development Project is a system that supports follow-up commercialization technology development funds to small and medium-sized enterprises that have received core technologies in the materials, parts, and equipment sectors from universities and research institutes.

The Tech Bridge platform is an online technology distribution platform operated by the Korea Technology Finance Corporation (Kibo), matching demand technologies by utilizing 380,000 technologies owned by universities and research institutes through Kibo’s nationwide sales network of 67 branches.

Among the companies selected for support this time, the fields are as follows: electrical and electronics (15), chemistry (7), and mechanical materials (7). As joint development institutions, 12 universities and 19 research institutes are participating.

In addition to providing technology development funds, the Ministry of SMEs and Startups plans to alleviate the technology transfer burden on small and medium-sized enterprises and increase commercialization success rates by linking with intellectual property (IP) acquisition guarantees and commercialization guarantees operated by Kibo. The ministry intends to actively support the early localization of materials, parts, and equipment technologies and strengthen the technological competitiveness of SMEs and startups.

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