42 Organizations, 1,200 Technology Exchanges... Ministry of Industry Hosts Technology Commercialization Expo

The Ministry of Trade, Industry and Energy will hold the '2023 Korea Technology Commercialization Expo' for two days starting from the 28th at The-K Hotel in Seoul. At this event, a technology exchange forum will be held for the transfer and sharing of over 1,200 technologies owned by 42 institutions including universities, government-funded research institutes, specialized production technology research institutes, large corporations, and public enterprises.

Twenty-nine public research institutes, including the Korea Electronics Technology Institute and the Korea Institute of Industrial Technology, will jointly hold excellent technology presentations on 206 free-sharing technologies and 298 paid-transfer technologies owned by each institution. Additionally, consultations on 171 sharing technologies in the semiconductor and information communication fields owned by four SK affiliates will take place. Memorandums of understanding to expand technology sharing will also be signed for more than 500 technologies disclosed by 15 participating institutions such as POSCO and Korea Hydro & Nuclear Power.

To promote open innovation in technology commercialization, a session will be arranged for corporate venture capital (CVC) to share technology demand and investment directions with small and medium-sized enterprises. Attending companies will be able to receive consultations on various support projects and systems from eight public institutions supporting commercialization.

Meanwhile, at the technology commercialization merit awards ceremony, 20 institutions including the Korea Agricultural Technology Promotion Agency, which has achieved over 1,000 technology transfer contracts for five consecutive years, and 26 distinguished individuals will receive the Minister of Trade, Industry and Energy Award.

Oh Seung-cheol, Director of the Industrial Infrastructure Office at the Ministry of Trade, Industry and Energy, stated, "We plan to strengthen the technology transfer foundation by introducing technology transaction and patent search and analysis functions developed by private companies into the National Technology Bank (NTB), and from next year, we will promote low-interest loans at 1.3% annually, providing up to 100 billion KRW in research and development funding loans for advanced strategic industry sectors to enable rapid commercialization by companies."

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