Gibo, 10th Anniversary of Technology Trade Business... Over 8,600 Technologies Shined

Expansion of Technology Transfer and Commercialization Support
Leading SME Technological Innovation

The Korea Technology Finance Corporation (Kibo) announced on the 28th that it has driven open innovation in technology among domestic small and medium-sized venture companies through technology transfer and commercialization support over the past decade. Kibo established a dedicated technology transaction organization in 2004 and marked the 10th anniversary of its technology transaction business this year. Until last year, it supported approximately 8,600 technology transfers to about 5,000 small and medium-sized venture companies.

Through its technology transaction business, which transfers excellent technologies owned by universities and research institutes to small businesses, Kibo has led technological innovation in small businesses by matching technologies or acting as an agent for transfer contracts, and providing one-stop support including professional consulting and commercialization funds. For example, Aiwin, a small company manufacturing semiconductor test sockets, received technology transfer mediation from Kibo to acquire the ‘High Current Pin Frequency Performance Improvement Technology’ from the Industry-Academic Cooperation Foundation of Kongju National University, along with additional commercialization funding. Aiwin succeeded in mass production based on the transferred technology, achieving nearly a 30% increase in sales last year, and was selected as one of the Ministry of Trade, Industry and Energy’s ‘Innovative Enterprise National Representative 1000 Companies,’ demonstrating significant results.

This year, Kibo plans to focus on expanding the technology transaction market by strengthening collaboration with the private sector. To this end, it is sharing its technology transaction platform’s information, technology matching, and contract systems with private technology transaction organizations, and promoting joint mediation of technology transactions through the ‘Technology Transaction Supporters’ system, among other efforts to expand the technology transaction market.

Kim Jong-ho, Chairman of Kibo, stated, “Kibo will further expand support for technology transfer and commercialization so that small and medium-sized venture companies can proactively respond to future environmental changes,” and added, “We will continue to do our best to prepare various support policies so that excellent technology companies can take a step forward.”