Shinbo and Korea Institute for Advancement of Technology 'Join Hands'... Agreement to Support Commercialization Funding for Excellent Technology Companies

Chaewon Kyu, Executive Director of the Korea Credit Guarantee Fund (right), is taking a commemorative photo with Jin Kyu Park, Vice Minister of the Ministry of Trade, Industry and Energy (center), and Young Chul Seok, President of the Korea Institute for Advancement of Technology (left), at the "2020 Technology Commercialization Expo" held on the 25th at COEX, Seoul, during the signing ceremony for the "Business Agreement to Support Technology Guarantees for Companies with Excellent Technologies."

[Asia Economy Reporter Park Sun-mi] The Korea Credit Guarantee Fund announced on the 26th that it has signed a "Business Agreement for Technology Guarantee Support for Companies with Excellent Technologies" with the Korea Institute for Advancement of Technology (KIAT).

This agreement, signed the previous day, was established to help companies with excellent technologies smoothly secure commercialization funds based on technology evaluation.

KIAT will support the costs of technology evaluation for companies, and the Credit Guarantee Fund plans to promptly provide funds to excellent technology companies recommended by KIAT. The two organizations also agreed to cooperate in establishing a system where technology evaluation and credit guarantees can be conducted simultaneously.

A representative from the Credit Guarantee Fund stated, "Through this agreement, a rapid guarantee support system for the commercialization of technologies held by excellent technology companies has been established," adding, "We will actively support the R&D outcomes to lead to business growth and industrial innovation, and actively discover excellent technology companies in areas such as the Green New Deal."

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