Gibo Brokers Over 5,000 Technology Transfer Contracts Through 'TechBridge' Platform

Open Technology Innovation Support Project Contributes to Technology Transfer and Performance Dissemination

[Asia Economy Reporter Kim Cheol-hyun] The Korea Technology Finance Corporation (Chairman Kim Jong-ho, hereinafter referred to as Kibo) announced on the 12th that through the 'Open Technology Innovation Project,' which has been a key initiative since 2014, it has mediated 5,011 technology transfer contracts and supported a total of 460.9 billion KRW in intellectual property acquisition guarantees as of last month.

Kibo's open technology innovation support project strengthens the technological innovation capabilities of small and medium-sized enterprises (SMEs) that find it difficult to develop technology independently by mediating technology transfers. At the same time, it has played a role in business success by supporting funds related to technology transfer and commercialization. To this end, Kibo operates the open technology trading platform 'TechBridge,' which connects technologies held by the public sector with the desired technologies needed by SMEs.

In fact, CastPro, an SME manufacturing smart mirroring devices, applied for demand technology on 'TechBridge' hoping to introduce wireless communication-related technology, and later was matched with technology from Inha University Industry-Academic Cooperation Foundation through Kibo. After securing wireless communication-related technology through technology transfer in 2017, they incorporated the technology into smart mirroring products and recorded a high average annual sales growth rate of 46.8% until last year, achieving the number one sales position for smart mirroring-related products in the domestic market. Kibo provided one-stop support from technology exploration to commercialization funding during this process.

After being designated as the dedicated institution for SME technology trading and commercialization in April, Kibo is currently building a new digital platform that surpasses the existing platform, aiming for service launch in December this year. The open technology trading platform is a platform that activates technology trading and commercialization by opening, linking, and utilizing scattered technology trading and commercialization support information by ministries, national research and development (R&D) project information and performance data, academic papers, and supports business creation by private technology trading institutions.

Chairman Kim Jong-ho of Kibo said, "Kibo's open technology innovation support project is an innovative project that reduces the time and cost SMEs spend on technology development and commercialization and increases the success rate of businesses," adding, "With the construction of a new digital platform in December this year, we will connect data networks scattered across ministries and strengthen platform service capabilities to further enhance the technological competitiveness of small and medium-sized venture companies."

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