Baizensel Obtains Government Certification as an 'Outstanding Company in Employee Invention Compensation'

Benefits Including Priority for Participation in Government-Supported Projects

Baizencell, a company specializing in immune cell therapy, announced on the 6th that it has obtained the 'Excellent Company Certification for Employee Invention Compensation,' awarded by the Korean Intellectual Property Office and the Korea Invention Promotion Association to companies that exemplary implement employee invention compensation.

Baizensel CI. [Image provided by Baizensel]

The Excellent Company Certification for Employee Invention Compensation system, which Baizencell acquired, is a program that provides certification and incentives to small and medium-sized enterprises that fairly compensate inventions developed during the course of their duties. The purpose is to encourage a voluntary compensation culture within companies, promote creative technological development, and strengthen corporate technological competitiveness through employee inventions.

Baizencell explained that it earned the certification by establishing exemplary internal employee invention compensation regulations and operating reasonable compensation plans. During the two years subject to the certification evaluation, Baizencell filed a total of three patents, one for each platform: ViTier, ViMedier, and ViRanger.

Through this certification, Baizencell will receive benefits for the next two years, including ▲priority examination for patents, utility models, and designs ▲additional reductions in registration fees ▲preferential points in government-supported projects, including those by the Korean Intellectual Property Office.

Kim Taegyu, CEO of Baizencell, said, "We have focused a great deal of attention and effort on enhancing the expertise of our employees and encouraging active invention activities, as well as on the development and management of intellectual property (IP), which has led to this certification. As a bio company where technological capability is crucial, we will continue to strive to create an excellent research and development (R&D) environment to increase the value of the company and its pipeline."

Certificate of Excellence in Employee Invention Compensation awarded to VigenCell.
[Image provided by VigenCell]

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