Sandan Gong wins Minister of Industry Award at Technology Commercialization Expo... 'Contributing to Technology Transfer Activation'

Support for Technology Transfer Brokerage and Commercialization R&D... Establishing a Foundation for Activating Technology Transactions in Industrial Complexes

[Asia Economy Reporter Kim Heeyoon] Korea Industrial Complex Corporation announced on the 24th that it will receive the Minister of Trade, Industry and Energy's Group Commendation, the highest award in the technology transfer and transaction category, at the '2020 Korea Technology Commercialization Expo' hosted by the Ministry of Trade, Industry and Energy.

The 'Korea Technology Commercialization Expo' is an annual event held to share achievements in technology transfer and commercialization, reward meritorious contributors, and provide a platform for communication among industry, academia, and research institutes. The group commendation in the technology transfer and transaction category is awarded to organizations with outstanding performance in this field.

KICOX has been implementing the 'Industrial Complex Technology Transfer Activation Support' program since 2016 to strengthen the technological competitiveness of tenant companies by revitalizing technology transfer in industrial complexes nationwide.

The Industrial Complex Technology Transfer Activation Support program consists of the 'Technology Transfer Sampling Support Project' to alleviate the burden of technology transfer failures and promote activation for small and medium enterprises, the 'Technology Transfer Brokerage Project' where KICOX directly mediates transactions, and the 'Technology Commercialization Research and Development (R&D) Support Project' that supports the commercialization of transferred technologies.

Utilizing the mini-cluster network of industry, academia, and research institutes in industrial complexes nationwide, KICOX has supported 485 technology transfer brokerage cases and 171 commercialization R&D projects (29 billion KRW) over the past four years.

As a result, as of last year, it generated commercialization sales of 29.6 billion KRW and created 97 new jobs. Additionally, an analysis of the management performance of supported companies compared to 2018 showed a 5.1% increase in sales and a 24.6% growth in operating profit.

Kim Jeonghwan, President of KICOX, stated, “Through the activation of technology transfer and commercialization, we will be able to strengthen the competitiveness of small and medium enterprises and achieve industrial structure transformation. We will continue to contribute to the creation of new industries and revitalization of the regional economy by promoting technology transfer transactions and commercialization support within industrial complexes, and further strive to enhance national technological competitiveness.”

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