TIPA Supports SMEs in Establishing 'Intellectual Property Strategies' Linked to Technology Development

Lee Jae-hong, President of the Korea Technology and Information Promotion Agency for SMEs (right), and Kim Tae-man, President of the Korea Patent Strategy Development Institute, are signing a business agreement and taking a commemorative photo. Photo by TIPA

[Asia Economy Reporter Kim Jong-hwa] The Small and Medium Business Technology Information Promotion Agency (TIPA) and the Korea Institute of Patent Strategy and Development (KISTA) signed a "Business Agreement to Promote Technological Innovation and Strengthen Capabilities of Small and Medium Venture Businesses" on the 11th at KISTA headquarters.

Through this agreement, both organizations agreed to collaborate by sharing TIPA's R&D support projects and KISTA's intellectual property (IP)-R&D linkage support programs to foster the development of R&D support projects for small and medium venture businesses.

TIPA and KISTA have been supporting the establishment of intellectual property (IP) strategies linked to R&D projects such as export enterprise technology development projects and technological innovation development projects for small businesses participating in R&D support projects.

To establish a systematic basis for business exchange and cooperation activation, both organizations will promote ▲ support for establishing IP strategies (utilization, creation, etc.) linked to small and medium venture business R&D projects ▲ joint planning and operation of education to strengthen intellectual property capabilities of R&D personnel in small and medium venture businesses ▲ support for export competitiveness and overseas technology exchange cooperation of small and medium venture businesses ▲ and build a mutual cooperation network necessary for the development of small and medium venture businesses and industries, thereby establishing a close cooperative system between the two organizations.

Lee Jae-hong, President of TIPA, stated, "The signing of this MOU is significant in solidifying the cooperation system with KISTA to promote technological innovation and strengthen the capabilities of small and medium venture businesses through support for IP-R&D strategy establishment." He added, "In particular, based on KISTA's experience and capabilities in IP-R&D support, we hope this will be an opportunity for small and medium venture businesses to acquire global technological competitiveness."

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