Technology Transactions for SMEs Made Easier... 'SmartTechBridge' Enhancement

May 5, System Review Team Presentation
Proposed Improvements Including Applying Weights to Key Keywords

An online platform for trading technologies of small and medium-sized enterprises (SMEs) will be advanced through improvements in artificial intelligence (AI) matching and search functions.

Minister Oh Young-joo of the Ministry of SMEs and Startups
[Photo by Yonhap News]

The Ministry of SMEs and Startups announced that it held a presentation of the ‘Smart Tech Bridge’ system review team, which has been active since January 31, on the morning of the 5th.

Smart Tech Bridge is a platform created in December 2022 to revitalize technology trading among SMEs. It supports various functions from technology transactions to commercialization, including AI-based personalized technology and research institute recommendations, and an electronic contract service recognized by the Korean Intellectual Property Office as valid documentation for technology transfer. Since the establishment of Smart Tech Bridge, the Ministry conducted a review involving participants from universities, public research institutes, private trading organizations, and system experts to verify actual user experiences over one year and to improve convenience and usability.

The review team first proposed enhancing accuracy by applying weights to core keywords instead of recommending based solely on the number of simple keyword exposures, and suggested improving matching rates through continuous learning.

For technology searches, they proposed adding filters such as industry, product, and service to the existing patent classification code (IPC)-based filter conditions to provide customized search results.

Additionally, new features were introduced, including information essential for transactions such as estimated technology price and transaction status, analysis and recommendation of rapidly emerging technology groups with active transactions, and classification of companies by growth stage (based on 3 and 7 years after startup) to recommend suitable support projects.

The Ministry of SMEs and Startups plans to continuously upgrade Smart Tech Bridge by 2025, reflecting the improvements derived from the review team.

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