InnoBiz Association Holds Korea-Russia Technology Exchange Consultation Meeting

Seeking Sustainable Cooperation Between Companies of Both Countries Amid COVID-19 Spread

The Innobiz Association announced on the 9th that it held the 1st Korea-Russia Non-face-to-face Technology Exchange Consultation over two days, the 7th and 8th, in collaboration with the Ministry of SMEs and Startups. Photo by Innobiz Association

[Asia Economy Reporter Kim Heeyoon] The Innobiz Association announced on the 9th that it held the 1st Korea-Russia Non-Face-to-Face Technology Exchange Consultation over two days on the 7th and 8th in cooperation with the Ministry of SMEs and Startups.

This consultation was organized to sustain cooperation between Korean and Russian companies, which had been contracted due to the spread of COVID-19. In particular, cooperation institutions such as the Moscow Regional Government and the affiliated Moscow Innovation Agency were expanded. Through this, 10 innovative domestic SMEs were matched with over 40 Russian companies to conduct consultations on topics such as technology licensing (technology export), export of parts, materials, and equipment, and establishment of joint ventures.

Additionally, excellent domestic companies such as Widico, a developer of IoT-based gas safety shut-off systems, and Aion, a manufacturer of bio-ceramic 3D printers, participated to discuss cooperation plans with local companies in line with the digital transformation policies pursued by the local government by industry.

Since 2014, the Innobiz Association has been conducting a convergence technology exchange promotion project that pioneers overseas markets through excellent innovative technologies of domestic SMEs. So far, about 640 domestic companies have actively engaged in exchange activities mediated by technology with key countries representing new northern and southern markets such as Russia, Uzbekistan, Vietnam, and Indonesia.

Baek Gyumin, Head of Global Innovation Division at the Innobiz Association, said, "We will do our best to ensure that Innobiz companies, celebrating their 20th anniversary this year, can derive various commercialization outcomes together with innovative Russian companies with excellent basic science and core technologies."

The Innobiz Association plans to hold a total of 14 non-face-to-face technology exchange consultations this year targeting Russia, as well as Vietnam, Indonesia, Turkey, Uzbekistan, Cambodia, Armenia, the Philippines, Belarus, and others.

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