On the afternoon of March 30, UNIST and Korea Credit Guarantee Fund (KODIT) signed a Memorandum of Understanding (MoU), creating partnership to support the growth of local small and medium-sized enterprises (SMEs) in Ulsan.
The ceremony was held in the main conference room of the UNIST Main Administration building. In the memorandum of understanding, the two institutes agreed to expand cooperation in various areas, providing financial assistance to local SMEs.
Through this MoU, UNIST Graduate School of Technology & Innovation Management will seek out outstanding local businesses, commercialize their technologies, and recommend these businesses to KODIT. In turn, KODIT will provide credit guarantees preferentially to local start-up and young businesses, which are recommended by UNIST and treat them in terms and conditions of guarantee.
President Jung states, “In order to contribute to the local economy, we plan on establishing a successful model of university-industry cooperation.” He continues, “We will continue to do our best to help local SMEs to success in global markets.”