Kibo and SanGipyeong Join Hands to Support Growth of Industrial Technology R&D Companies
Linking Technology Finance and R&D Projects
The Korea Technology Finance Corporation (Chairman Kim Jong-ho, hereinafter Kibo) announced on the 15th that it has signed a "Business Agreement to Support the Innovative Growth of Industrial Technology R&D Companies" with the Korea Institute for Advancement of Technology (President Jeon Yoon-jong, hereinafter KIAT).
This agreement was established to support the innovative growth of industrial technology R&D companies by building an organic cooperation system between the two organizations and linking technology finance with research and development (R&D) projects, thereby increasing the success rate of R&D commercialization.
Through this agreement, the two organizations plan to promote ▲ information sharing on key projects pursued by each institution ▲ mutual recommendation of excellent technology innovation companies for comprehensive support ▲ full-cycle R&D support projects for technology-innovative small and medium enterprises (SMEs) linking loans and grants. In particular, Kibo will focus its capabilities on enhancing the success rate of R&D commercialization for technology innovation companies by comprehensively supporting financial and non-financial services such as ▲ technology evaluation and IP guarantee support ▲ investment attraction program support for companies recommended by KIAT.
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Kim Jong-ho, Chairman of Kibo, said, "This agreement will create various synergistic effects through the linkage between Kibo's technology finance programs and KIAT's R&D programs," adding, "Going forward, Kibo will actively respond to government policies aimed at securing future growth engines for technology-innovative SMEs by expanding collaborative business models with related organizations."
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