Implementation of Joint Brokerage Project for Public-Private Revenue-Sharing Technology Transfer by Kibo

Recruitment of Private Technology Transfer Organizations

The Korea Technology Finance Corporation (Kibo) announced on the 15th that it is recruiting private technology trading institutions to implement the 'Public-Private Revenue Sharing Technology Transfer Joint Brokerage' project. This project was promoted to foster a private sector-centered technology trading market by having Kibo and private institutions collaborate to perform joint brokerage tasks for technology transfer.

Kibo supports the discovery and commercialization of demand technologies for small and medium-sized ventures, while private institutions, entrusted by Kibo with brokerage tasks, will perform technology search and matching services that meet demand. In particular, when a technology transfer contract proceeds through joint brokerage, private institutions can receive brokerage fees, which is expected to contribute to strengthening profitability and expanding their roles in the market.

Since 2014, Kibo has been a leading institution in the domestic technology trading market, transferring a total of over 8,600 public technologies to small and medium-sized ventures over 10 years. It has continuously expanded its online and offline technology trading infrastructure by operating eight Technology Innovation Centers, which are nationwide dedicated technology trading organizations, and the AI-based online technology trading platform 'Smart Techbridge.' Additionally, last December, Kibo declared that it would fully open this infrastructure to the private sector to revitalize the domestic technology trading market.

Any private institution designated as a technology trading institution by the Ministry of Trade, Industry and Energy under the 'Act on the Promotion of Technology Transfer and Commercialization' can apply for this project. Kibo will review basic requirements such as creditworthiness for applicant companies and select the final participating institutions.

Kim Jong-ho, Chairman of Kibo, said, "This year marks the 10th anniversary since Kibo started technology trading operations, making it an important first step to prepare for the next 10 years of the technology trading market." He added, "Going forward, Kibo will actively cooperate with private institutions so that small and medium-sized ventures can scale up through open innovation."