On May 23, UNIST entered into a strategic partnership agreement with the Korea Credit Guarantee Fund (KODIT) to promote innovative technologies and establish a sustainable and competitive startup ecosystem that will support the growth and development of tech-based startup enterprises.
This agreement aims to establish a virtuous cycle within the tech startup ecosystem through the ▲ dissemination of innovative technologies developed by UNIST, ▲ technology transfer and commercialization, ▲ revenue generation, and ▲ reinvestment in research and development.
As per the agreement, efforts will be made to actively connect potential users who require KODIT’s financial and non-financial services with technology innovation companies and promising startups founded by faculty and students recommended by UNIST.
KODIT plans to assist in technology transfer and promote further commercialization-linked technology development (R&BD) through the technology growth support program for companies recommended by UNIST, as well as provide financial and non-financial support for the specialization of faculty and student startups and investment attraction programs.
Both organizations have also committed to collaborating on projects aimed at fostering a conducive environment for technology startups, including joint efforts to identify companies in need of technology transfer and hosting startup briefing sessions together.
President Yong Hoon Lee of UNIST expressed, “We have established 164 teacher and student startups from UNIST’s research efforts and many have thrived with KODIT’s support. We will continue leading the way in creating a positive feedback loop for technology startups through ongoing collaboration with KODIT.”
