□ 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.

□ 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.

ㅇ 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,

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

ㅇ 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.

ㅇ 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”