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INNOPOLIS Foundation, Concluded Business Collaboration Agreement with Korea Venture Business Association for Supporting Vitalization of Public Technology Commercialization

  • Writer Manager
  • Date 2019-03-11
  • Views 307

INNOPOLIS Foundation, Concluded Business Collaboration Agreement with Korea Venture Business Association for Supporting Vitalization of Public Technology Commercialization

Implements close cooperation for Technology Startup Support and vitalization of commercialization of Public Research Results -

 

INNOPOLIS Foundation (Director: Tang Seong-Gwang) announced that it concluded business collaboration agreement (MOU) with Korea Venture Association (Chairman: Ahn Geon-Joon) for Supporting Vitalization of Public Technology Commercialization in the great meeting room of Korea Venture Association on 11th March.

INNOPOLIS Foundation : Founded in September 2005 to cultivate INNOPOLIS as an innovation cluster through public technology commercialization, start-up business, and corporate upbringing.

 

* Major businesses : Promotion of research and commercialization in INNOPOLIS, support for start-ups, promotion of exchanges and cooperation between industry and academia, establishment of domestic and overseas networks, attracting domestic and foreign investment related to INNOPOLIS, Development and management of INNOPOLIS

 

Korea Venture Association : Founded for mutual exchange of venture companies, promotion of rights and technical innovation (launched in December, 1995) / 14,392 member companies

 

* Major businesses: Excavation of policies for venture companies, proposal, operation of enterprise support program, etc.

 

The agreement started with a common understanding that it is necessary to create business results by linking the technology demand of the promising venture companies in the capital area with the public technologies of INNOPOLIS, and to secure innovation growth and future growth engines.

The Parties will work to identify promising public technologies, select and match demanded companies, and implement technology transfer and establish high quality INNOPOLIS Research Institute Spin-offs to strengthen cooperation for supporting corporate growth.

 

and utilize the abundant corporate network of the Korea Venture Business Association to find the demand of public technologies, implement the technology transfer and establish high quality INNOPOLIS Research Institute Spin-offs*.

 

* INNOPOLIS Research Institute Spin-off : A company that is established in INNOPOLIS by investing 10-20% of total capital by government invested institutions depending on the size of its capital in order to directly commercialize technologies of public research institutes,

 

Implements supporting projects for continuous growth of enterprises in INNOPOLIS such as INNOPOLIS Research Institute Spin-off

 

The Parties agreed to use the technology commercialization network they possess to promote mutual cooperation such as cooperation and information sharing.

 

The parties will hold a briefing session on public technology demand matching for members interested in public technology and will hold the same to make inbound cooperation activities such as investment IR cooperation with INNOPOLIS enterprises.

 

Beginning with the Jeonbuk INNOPOLIS, which initially cooperated with the Venture Business Association, INNOPOLIS Foundation plans to expand cooperation projects with entire INNOPOLIS (Daeduk, Gwangju, Daegu and Busan).

 

Yang Seong-Gwang, director of INNOPOLIS Foundation sai, "Through this agreement, the public technology of INNOPOLIS will spread to industrial sites, and promising venture companies will be able to secure growth momentum“ and added, "We will continue to strengthen cooperation with venture business associations. Ahn Geon-Joon, chairman of Korea Venture Association said, "we will do our best to create a number of success models for technology commercialization." and added, "the agreement will allow venture companies to gain the opportunity to jump in quantum as a high-tech company, we will cooperate to make the second venture boom through the scale up of venture businesses”





Yang Seong-Gwang, director of INNOPOLIS Foundation and Ahn Geon-Joon, Chairman of Venture Business Association are signing on the business cooperation agreement (MOU).




Concerned persons including Yang Seong-Gwang, director of INNOPOLIS Foundation and Ahn Geon-Joon, Chairman of Venture Business Association are posing for celebratory photography after singing MOU.



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    OVERVIEW

    • About INNOPOLIS Foundation

      INNOPOLIS Foundation is a professional technology commercialization institution to efficiently pursue the business of fostering according to the Special Act on the Promotion of Special Research and Development Zones, Etc.

    • About the INNOPOLIS

      With the diffusion of the INNOPOLIS model to other regional hubs, total five INNOPOLISes are currently in operation, making significant contributions to balanced regional development in South Korea. 

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    DIRECTION

    INNOPOLIS Foundation Location, Contact
    INNOPOLIS Foundation Location 27-5, Expo-ro 123beon-gil, Yuseong-gu, Daejeon, 34125, Republic of Korea
    Contact +82-42-865-8901
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    THE INNOPOLIS MODEL

    The INNOPOLIS Model The INNOPOLIS, as an R&D-focused innovation cluster, is contributing to national economic growth via intellectual property creation and technology commercialization. INNOPOLIS creates an Innovation Cluster with a Virtuous Circle of R&D, Tech Commercialization, Re-investment

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    STP

    • Characteristics of STP Training Program

      The STP training program has introduced Korean style of management system for Science & Technology Parks(STPs). Participants of the STP program will get hands on know-how on development, operation and management of STP

    • Sharing the know-how

    • Customized Solution

    • Building a social network

    • Hands on experience

    • STP Photos

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