Record "Attracting Over 500 Technology Trusts This Year"

Leading the Spread of Technology Transfer

The Korea Technology Finance Corporation (Chairman Kim Jong-ho, hereinafter referred to as Kibo) announced on the 10th that it will take the lead in expanding private technology transfers by attracting more than 500 technology trust contracts this year. Technology trust is a system that safely protects excellent technologies of small and medium-sized enterprises (SMEs) by entrusting them and simultaneously intermediates direct technology transfers. Kibo comprehensively performs tasks such as management, protection, and transfer of entrusted technologies.

Since Kibo first started technology trust operations in 2019, it has steadily increased its performance by attracting 219 contracts in 2019, 317 in 2020, 412 in 2021, and 464 in 2022. This year, Kibo plans to attract more than 500 technology trust contracts by strengthening promotion through the 'Smart Tech Bridge' website and workshops held in the first and second halves of the year.

When SMEs use the technology trust system, they can trade technology for a fair price through technology transfer intermediation. In addition, they can receive services such as ▲Kibo acting as a party in lawsuits in case of trust patent disputes ▲management of payment deadlines for patent annuity fees ▲collection of technology fees on behalf of the company ▲support for patent strategy consulting costs. Trust companies can also participate in the 'Technology Transaction-Linked Private Technology Valuation Project,' which supports technology valuation costs, and the 'Innovation Brokerage Service Utilization Promotion Project,' which supports brokerage fees for entrusted technology transfers.

Kim Jong-ho, Chairman of Kibo, said, "The technology trust system is a technology protection project to support win-win cooperation and innovative growth of SMEs," and added, "We will actively promote the activation of technology trusts to create a fair trade environment where excellent technologies of SMEs can be transferred to the private sector without technology theft."

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