Samsung Electronics Transfers 200 Patents in 8 Fields Free of Charge...

Gyeonggi-do Headquarters or Research Institutes for Small and Venture Businesses
Gyeonggi-do and Gyeonggi Technopark Promote 'Samsung Electronics Patent Free Transfer Project'

[Image source=Yonhap News]

[Asia Economy Reporter La Young-cheol] Gyeonggi Province and Gyeonggi Technopark announced on the 19th that they are recruiting small and venture companies in the province to receive a free transfer of shares of 200 patents owned by Samsung Electronics this year.

According to the province, the project aims to enhance technological competitiveness by transferring unused patents owned by large companies to small and venture companies and to promote co-growth between large and small-medium enterprises.

The patents available for sharing cover a total of 200 cases in eight fields including home appliances, displays, mobile devices, and semiconductors, such as methods and systems for remotely controlling devices using mobile communication terminals.

The core technological capabilities and commercialization abilities of applying companies will be evaluated, and the transfer companies will be finalized and ownership transfer procedures will be promoted in July.

However, although the rights are transferred free of charge, the companies receiving the transfer must bear the costs of rights transfer registration fees and administrative expenses.

This free transfer of patents owned by Samsung Electronics is a project under the "Gyeonggi Province-Samsung Electronics Win-Win Cooperation Promotion Business Agreement" signed on December 30, 2020.

At that time, the province and Samsung Electronics agreed to promote a total of seven projects in three areas over two years from 2021 to 2022, including ▲support for smart factory establishment ▲creation of excellent technology sharing platforms ▲support for market development.

In the first and second recruitment of companies for free transfer of patents owned by Samsung Electronics last year, a total of 67 companies were selected and signed transfer contracts for 114 technologies.

Kim Gyu-sik, Director of Future Growth Policy, said, "We plan to continuously discover unused patents owned by universities, public institutions, and private companies and support their utilization by companies in the province."

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