Korea Technology Finance Corporation (KOTEC) said on the 23rd that it is recruiting participating institutions for the 2026 "innovation intermediation promotion support program" to promote open innovation by small and midsize enterprises and to invigorate a private sector-led technology transaction market.
The program was launched to encourage the brokerage activities of private technology transaction institutions by providing rewards for technology transfer contract outcomes and to activate a self-sustaining, private sector-led technology transaction market.
The "innovation intermediation promotion support program" provides an "innovation intermediation promotion grant" for technology transfer contracts jointly brokered and concluded by Korea Technology Finance Corporation (KOTEC) and private technology transaction institutions. Depending on the size of the royalty, private technology transaction institutions will receive up to 4 million won per case.
Eligible applicants are private technology transaction institutions that have signed a joint technology transfer brokerage memorandum of understanding with Korea Technology Finance Corporation (KOTEC), and the program covers public-private joint-brokered technology transfer contracts with an advance or fixed royalty of at least 5 million won and for which brokerage fee settlement has been completed within the program period.
Through this program, the brokerage activities of private technology transaction institutions are expected to be invigorated, and with expanded private participation in the technology transaction market, the foundation for creating technology commercialization outcomes will be further strengthened.
Kim Jong-ho, chair of Korea Technology Finance Corporation (KOTEC), said, "This program aims to activate technology transfer brokerage based on public-private cooperation and to build a virtuous cycle in the technology transaction ecosystem," adding, "KOTEC will continue to promote the technology commercialization of small and midsize enterprises and actively support the translation of excellent technologies into commercialization outcomes."
Meanwhile, Korea Technology Finance Corporation (KOTEC) is also recruiting companies to participate in the "technology transfer brokerage fee support program" to reduce the burden of technology adoption by small and midsize enterprises. The program operates by reimbursing a portion of the brokerage fee paid when a small and midsize enterprise adopts external technology.
Applications for both programs will be accepted from May 18, and details are available on KOTEC's technology transaction platform "Smart Tech-Bridge" or on the KOTEC website.