Public Institutions' Technology Transfer Revenue Hits 227.3 Billion KRW, Highest Ever... Technology Transfer Rate at 35.9%

[Sejong=Asia Economy Reporter Kwon Haeyoung] The income from technology transfers by domestic public institutions reached a record high of 227.3 billion KRW as of 2019.

According to the "Survey on Technology Transfer and Commercialization of Public Research Institutions" announced by the Ministry of Trade, Industry and Energy on the 17th, the income from technology transfers by domestic public research institutes and universities amounted to 227.3 billion KRW, an increase of 19.8% compared to the previous year. This is the highest level since the survey began in 2007.

The technology transfer rate of public research institutions was recorded at 35.9%, up 1.6 percentage points from the previous year. The number of newly secured technologies was 32,481, and the number of technology transfers was 11,676, increasing by 1.4% and 6.1% respectively compared to the previous year.

Also, 78.3% of the transferred technologies were transferred to small and medium-sized enterprises (SMEs) with insufficient research capabilities. Technologies transferred to large enterprises accounted for 2.1%, and those transferred to mid-sized enterprises accounted for 2.3%.

The Ministry of Trade, Industry and Energy plans to utilize the results of this survey in various technology transfer and commercialization policies. In particular, to promote rapid technology transactions between suppliers and demanders, an AI and big data-based technology transaction platform will be established within the first half of the year. This platform will provide customized technology recommendations and transaction evaluation information. Additionally, support for the R&D support project called the "R&D Rediscovery Project" will be expanded.

Kim Sangmo, Director of Industrial Technology Convergence Policy at the Ministry of Trade, Industry and Energy, said, "The significant increase in technology transfer income reflects the efforts made so far to create market-oriented public R&D outcomes," adding, "We will continue to promote institutional improvements from a commercialization perspective, such as activating exclusive licensing of public technologies, to ensure the rapid transfer and commercialization of technologies desired by the market."

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