InnoBiz Association Signs Business Agreement with KIPO to Support Strengthening Intellectual Property Management

[Asia Economy Reporter Donghyun Choi] The Innobiz Association announced on the 10th that it signed a "Business Agreement to Strengthen Intellectual Property Management Support for Innobiz Companies" with the Korean Intellectual Property Office (KIPO) at Telstar Hommel located in Pyeongtaek, Gyeonggi Province.

This agreement was established to build an organic cooperative system between the association and KIPO to support the enhancement of capabilities and resolution of difficulties at each stage of intellectual property creation, utilization, and protection for Innobiz companies, as well as to raise awareness related to intellectual property through educational program operation and consultations.

The agreement comprehensively covers the support contents for the entire cycle of intellectual property management for Innobiz companies promoted by both organizations.

The main contents include ▲ establishing a mutual cooperation and support system between the Innobiz Association’s nationwide branches and KIPO’s Regional Intellectual Property Centers (RIPC) ▲ providing consultation support necessary for intellectual property management ▲ preparing and operating intellectual property education programs ▲ promoting intellectual property policies ▲ developing and implementing intellectual property policies for Innobiz companies.

To this end, KIPO will strengthen the on-site support system utilizing specialized personnel from the Regional Intellectual Property Centers and operate intellectual property-related projects targeting Innobiz companies.

Detailed contents include ▲ establishing new projects such as IP-R&D and employee invention system consulting support ▲ preferential treatment for intellectual property rights valuation cost support projects and support for intellectual property mutual aid certification evaluation fees ▲ consulting and education/explanation sessions for trade secret protection, among other customized policies enabling Innobiz companies to grow as next-generation economic drivers.

In line with this, the association plans to actively engage in operating intellectual property education program courses, producing intellectual property content, and promoting policies through the association’s promotional channels.

Im Byunghoon, president of the Innobiz Association, stated, “Cooperation with KIPO is an essential part for Innobiz companies, which form the backbone of the domestic economy based on manufacturing innovation, accounting for 15.3% of the gross domestic product (GDP). We hope that systematic intellectual property management support between the two organizations will provide an opportunity for Innobiz companies to scale up.”

Lee Insil, commissioner of KIPO, said, “Although KIPO operates support projects that companies need, it is true that the actual field is not well aware of the related contents. Through this business agreement, we will help Innobiz companies recognize the importance of intellectual property and support their growth into unicorn companies within a few years through intellectual property-based management.”

Meanwhile, the Innobiz Association is the management institution for the “Innobiz” system, which refers to technology-innovative small and medium enterprises certified by the Ministry of SMEs and Startups. Marking its 20th anniversary this year, it is promoting various projects such as building the member company search platform "Danbi." Innobiz companies have grown as an innovative group responsible for the backbone of the Korean economy, surpassing 20,000 companies last year and reaching 20,630 companies as of the end of last month.

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