Korea Health Industry Development Institute Transitions Health Industry Technology Value Assessment to Digital Evaluation System 'KIDIVALUE'

The Korea Health Industry Development Institute announced on the 18th that it has registered a domestic patent for 'KHIDI-Value,' a specialized online technology value assessment system for the health industry that converts health and medical technology value assessments into a digital evaluation system, enabling everything from technology and company information inquiries to evaluation report creation.

Korea Health Industry Development Institute CI
Photo by Korea Health Industry Development Institute

Since 2001, the Institute has been designated by the Ministry of Health and Welfare as a specialized health industry technology evaluation agency, supporting the rapid creation of commercialization outcomes by proposing technology commercialization strategies such as technology transfer, transactions, and investment attraction based on technology evaluation results. In particular, it has been developing and distributing an online system capable of calculating the value of technology by considering the characteristics of different industry types such as pharmaceuticals, medical devices, and cosmetics.

KHIDI-Value is an online technology value assessment system that calculates the economic value generated through commercialization of health and medical technologies, which have long life cycles and must pass through complex stages such as clinical trials and regulations, in monetary terms. The system provides necessary input variables within the system, such as technology classification, patent and company information, clinical success rates, and technology contribution, reducing the time required by about 20% compared to existing technology value assessment methods. Additionally, it enhances convenience and accuracy of evaluations by enabling everything from calculating technology value based on real-time searched information within the system to report printing, evaluation status checking, and history management.

Lee Cheol-haeng, head of the Health Industry Promotion Division, said, “This online technology evaluation system will serve as an opportunity to efficiently improve the evaluation system and further strengthen our credibility and expertise as a specialized health industry technology evaluation agency,” adding, "We will expand functions not only for technology value assessment but also for technology grade evaluation and special technology listing evaluation within the online evaluation system, further strengthening a competitive evaluation work system and proactively responding to changes in the digital era."

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