Supporting Data Commercialization Companies through Game Records and Data Value Evaluation

EuclidSoft's 'Illegal Garbage Dumping Data Analysis Technology' First Evaluation

The Korea Technology Finance Corporation (Chairman Kim Jong-ho, hereinafter Kibo) recently launched the 'Data Value Plus Guarantee' product, which calculates the economic value of data and supports guarantees within that value amount. On the 4th, Kibo announced that it evaluated EuclidSoft as the first supported data commercialization company.

EuclidSoft is a big data analytics specialist company that accumulates video data secured from CCTV cameras used to prevent illegal dumping by analyzing it with artificial intelligence (AI) algorithms. Through the analyzed behavior patterns, it possesses security system technology that detects and alerts various risks beyond illegal dumping.

Kibo calculated the economic value of data by analyzing various factors regarding the applicant's data analysis technology, including ▲the level of technology and data ▲the ripple effect of data technology ▲the market size of the data utilization industry ▲the competitiveness of data technology ▲business feasibility and profit prospects.

EuclidSoft, a company using Kibo's guarantees, had difficulty securing additional funding through general evaluation guarantees. However, with the application of a new value evaluation methodology reflecting the contribution of technology commercialization of data, it was able to receive additional support based on the final data value evaluation amount.

Kibo's Central Technology Evaluation Institute, which conducted the first data value evaluation, is a specialized evaluation organization established in 2005 to perform high-level technology value assessments. Led by PhD-level personnel, it conducts professional value evaluations such as ▲in-kind contributions ▲technology transactions ▲M&A ▲damage assessments due to patent disputes. To enhance the reliability and fairness of the newly implemented data value evaluation, Kibo decided to proceed with the project centered on the initial Central Technology Evaluation Institute.

Kim Jong-ho, Chairman of Kibo, said, "The Data Value Plus Guarantee is an innovative product reflecting Kibo's accumulated know-how in technology value evaluation," adding, "We will effectively evaluate the hidden value of companies commercializing data without overlooking it."

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