On July 22, UNIST signed a Memorandum of Understanding (MoU) with the Commercializations Promotion Agency for R&D Outcomes (COMPA) to forge ahead toward contributing job creation for early career researchers via research commercialization.
Took place in the 6F main conference room, located in the Main Administration Building at UNIST, the ceremony has been attended by President Mooyoung Jung of UNIST, President Jung Hoi Bae of COMPA, Professor Sung Chul Bae (Director of UNIST Academy-Industry Research Corporation), and other officials from both organizations.
The objective of this MoU is to further bilateral relations between the two organizations, which is focused on creating more job opportunities in science and technology. Under this partnership, the two parties will work together to transfer the R&D achievements of public research institutes to the private sector and further develop them into marketable products for the benefit of the public. To this end, various collaborations will be carried out to discover high potential technologies for technology transfer and to foster preliminary entrepreneurs who will develop the new ideas into products that create jobs and help improve quality of life for all Koreans.
By working together, UNIST will contribute to job creations through the conversion of discoveries emerging from university research into marketable new products. Through this, UNIST aims to share the fruits of its 10 major research brands and transform them into quite successful businesses. In turn, COMPA will support the stages prior to technology commercialization and public technology commercialization, so that the startups associated with UNIST’s research brands spread into local communities.
“Research results – particularly those that were taxpayer-funded – must go beyond the research labs and create real value,” says President Mooyoung Jung. “Under this partnership, UNIST will put a lot of effort to ensure our outstanding research results will create more career opportunities in the field of science and technical occupations.”
“Through cooperation with UNIST, we hope to accelerate the Lab Startup in Ulsan and provide support for the creation of higher quality jobs by identifying new industries, which will lead to economic development,” says President Jung Hoi Bae of COMPA.