Gibo, Dongyang University and Gyeongbuk Support Excellent Small and Medium Venture Companies

Strengthening Industry-Academia Collaboration to Support Open Innovation
Fostering Excellent Technology Companies

The Korea Technology Finance Corporation announced on the 16th that it has signed a 'Business Agreement for Technology Transfer and Commercialization Promotion' with the Industry-Academic Cooperation Foundation of Dongyang University. This agreement was established to build a mutually organic cooperation system between the two organizations to discover excellent small and venture companies in the Gyeongbuk region, promote the commercialization of technologies owned by Dongyang University, and implement effective technology finance support projects for outstanding local technology companies.

According to the agreement, Dongyang University will provide related information to the Korea Technology Finance Corporation to efficiently support technology transfer and commercialization of its owned technologies, and the Corporation will cooperate in ▲providing information necessary for technology transfer and brokerage tasks ▲supporting commercialization promotion through excellent technology transfer ▲providing technology finance support to technology transfer companies.

Kim Sehyun, Head of the Daegu-Gyeongbuk Regional Headquarters of Kibo (left), and Noh Kyungcheol, Director of the Industry-Academic Cooperation Foundation at Dongyang University, are posing for a commemorative photo after signing a business agreement.

Based on their professional capabilities, the two organizations will create synergy through mutual information exchange about outstanding local technology companies, actively engage in joint marketing, and utilize the Corporation’s open technology trading platform, ‘Smart Tech Bridge,’ to foster a technology-based innovation growth ecosystem within the region.

The Korea Technology Finance Corporation established a dedicated technology trading organization in 2014 and started technology trading projects. Until last year, it has supported about 8,600 technology transfers to approximately 5,000 small and venture companies, leading the support for open technology innovation in small businesses.

Kim Se-hyun, head of the Daegu-Gyeongbuk regional headquarters of the Korea Technology Finance Corporation, said, “We expect that this agreement will further activate the technological innovation growth of outstanding local technology companies,” adding, “The Corporation will expand cooperation with local universities to actively nurture excellent technology companies and strive to contribute to job creation and economic revitalization in the region.”