Incheon City to Foster Intellectual Property Star Companies to Promote K-Quarantine Worldwide

[Asia Economy Reporter Park Hyesook] Incheon City is focusing on the 'Global IP Star Company Development' project to strengthen the intellectual property (IP) competitiveness of local small and medium-sized enterprises (SMEs).

This project, promoted in collaboration with the Incheon Intellectual Property Center and the Korean Intellectual Property Office, selects promising SMEs with high export potential and excellent technological capabilities, and nurtures them into representative global companies in the region through comprehensive intellectual property support over three years.

Following the selection of 18 Global IP Star Companies in April, the city recently selected an additional 15 companies related to COVID-19, including K-Quarantine, to provide support.

These 15 companies will receive focused support for overseas rights acquisition to ensure that K-Quarantine technologies and products are properly protected in the global market. Additionally, comprehensive intellectual property consulting, including patents, designs, and branding necessary for technology development and commercialization, will be provided for up to three years.

An official from Incheon City stated, "With SMEs facing difficulties due to the global spread of COVID-19, there is a growing need to expand support for overseas rights acquisition so that they can find new breakthroughs in K-Quarantine and K-Bio exports and grow." The official added, "We have secured a total budget of 500 million KRW, including national funds, and will strive to support intellectual property policies for SMEs."

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