KIPO "Expert Consultation to Support SMEs in Developing Innovative IP Products"

The Korean Intellectual Property Office (KIPO) supports the development of innovative intellectual property products for small and medium-sized enterprises (SMEs) through expert consultation.

On the 12th, KIPO announced that it launched and will operate the ‘Intellectual Property-based Innovative Product Development (IP-C&D) Strategy Support Project Advisory Committee’ on the 13th at the Korea Intellectual Property Center.

The IP-C&D project is a type of SME intellectual property commercialization support program that combines internal and external intellectual property of companies to support innovative product development strategies. Through this project, companies receive customized integrated solutions from new product planning based on intellectual property to product advancement, investment attraction, and market development.

The committee consists of seven open innovation experts from industry and academia, tasked with establishing intellectual property-based commercialization strategy models and innovation methodologies for SMEs, as well as exploring the development direction of the IP-C&D strategy support project.

At the kickoff meeting, the committee shared the contents of the IP-C&D project and discussed the selection of session topics and the direction of the project. Subsequently, through four session meetings by September, the committee will seek ways to improve the IP-C&D project through presentations on each session topic, review manual development, and examine the IP-C&D brand strategy.

In October, the final meeting will comprehensively summarize the improvement directions of the IP-C&D project, and the results will be presented at the November ‘IP-C&D Conference.’

Mok Seong-ho, Director of the Industrial Property Policy Bureau at KIPO, said, “For SMEs lacking resources and capabilities, it is necessary to provide business models and methodologies utilizing patents, which are the results of technological innovation.” He added, “Through the committee composed of open innovation experts, we will strengthen the substance of the IP-C&D project and help SMEs develop innovative products based on intellectual property.”

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