Patent Attorneys Association Supports Commercialization of University Excellent Patents

Exterior view of the Patent Attorneys Association building. Provided by the Korean Patent Attorneys Association

[Asia Economy (Daejeon) Reporter Jeong Il-woong] The Korean Patent Attorneys Association announced on the 20th that it has signed a business agreement with the Korea University Technology Transfer Association and Intellectual Discovery for the "Utilization of Patent Evaluation and Commercialization of Intellectual Property Creation."

The agreement involves mutual cooperation among participating organizations to create a virtuous cycle ecosystem that promotes commercialization through technology transfer by discovering excellent patents owned by universities.

Using the patent grading evaluation system "AxisValue," developed independently by the Patent Attorneys Association, patents owned by universities are evaluated, and relatively undervalued patents are identified. Then, the Korea University Technology Transfer Association and Intellectual Discovery support areas of patent utilization such as investment, commercialization, and technology transfer for outstanding university patents.

Hong Jang-won, president of the Patent Attorneys Association, said, "Until now, there has been no professional evaluation of patents owned by universities." He added, "However, with this agreement, we expect that the discovery of excellent university patents and commercialization through technology transfer will proceed simultaneously, laying a foundation that can contribute to the development of domestic industry."

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