Sunchon National University Dreams of Joint Growth for University and Local Economy through Establishment of Technology Holding Company

[Asia Economy Honam Reporting Headquarters Reporter Lee Hyung-kwon] Suncheon National University (President Ko Young-jin) announced on the 6th that it received approval from the Ministry of Education last month on the 30th to establish a technology holding company, taking a step closer to technological advancement and revitalization of the regional economy.

A technology holding company is a specialized technology commercialization organization established and operated by receiving contributions in kind (such as patents and research achievements) and cash from the university for the purpose of investing in subsidiary establishment. It was introduced through the amendment of the Industrial Education Promotion and Industry-Academic Cooperation Promotion Act (hereinafter referred to as the "Industry-Academic Cooperation Act") in 2007.

Since 2019, Suncheon National University has been preparing to establish a technology holding company to expand its role as an important entity contributing to regional industry and economic development through the transfer and dissemination of knowledge and technology, beyond its traditional roles of talent cultivation and academic research.

The Suncheon National University Technology Holding Company plans to operate six tracks for subsidiary establishment and discovery (community-based, regional industry-based, university-based, department-based, startup-based, center/project group-based) and provide continuous customized investment consulting for subsidiaries to ensure the early establishment of the technology holding company.

President Ko Young-jin of Suncheon National University said, "We will strive to activate technology commercialization by utilizing the university's research achievements, lead technological innovation in connection with regional industries, enhance the university's financial independence, and contribute to regional economic development as a national university."

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