'Invest Even If You Fail': Ministry of Science and ICT Receives Samsung's Research Support 'Know-How' Transfer
Ryu Gwang-jun, Head of the Science and Technology Innovation Headquarters, Visits Samsung Future Technology Promotion Foundation
The government, which is leading research and development (R&D), listened to the 'know-how' of private research foundations that support R&D without holding researchers accountable for failures.
On the 9th, the Ministry of Science and ICT announced that Ryu Gwang-jun, head of the Science and Technology Innovation Headquarters, visited the Samsung Future Technology Promotion Foundation to observe the competitiveness of the private sector and received various suggestions to help government R&D.
Head Ryu received an introduction to the support areas, procedures, and evaluation criteria of the Samsung Future Technology Promotion Project from Kim Seong-geun, chairman of the foundation (POSTECH president), the secretariat chief, and PD, and also heard suggestions related to government R&D.
The Samsung Future Technology Promotion Foundation was established by Samsung Electronics in 2013 with an endowment of 1.5 trillion won to foster the nation's future science and technology. Following the 'High Risk, High Impact' principle, where researchers can focus solely on their research without being held responsible for failures, it supports researchers in three fields: basic science, materials, and ICT.
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Ryu Gwang-jun, head of the Science and Technology Innovation Headquarters, stated, “If there are elements that hinder researchers' creativity and autonomy, the government will boldly remove them, and if there is anything to learn from the private sector or elsewhere to make government R&D support more effective and productive, we will learn and boldly adopt it. We will continue to seek a research and development model that suits us in the future.”
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