A cooperation platform has been launched to promote technology commercialization collaboration between government-funded research institutes and corporations.
The National Science and Technology Council (NST) noted on the 25th that it regularly operates a small round table (SRT) technology consultation body. SRT is an offline platform that helps connect excellent technologies held by government-funded research institutes with the actual demands of private corporations, facilitating rapid market entry of technologies.
SRT is currently in pilot operation targeting biotechnology technologies from government-funded research institutes. The NST commercialization joint promotion task force has discovered promising technologies for commercialization, with 10 to 15 innovative leading corporations participating in meetings held twice a month.
The task force introduces promising commercialization technologies in the pharmaceutical and health functional food sectors to corporations through SRT and supports direct communication between researchers and corporations. So far this year, SRT has been held twice in the health functional food sector and once in the pharmaceutical sector.
To operate SRT, the task force plans to discover promising technologies for commercialization through various methods, including AI-based big data analysis, market needs analysis, reviewing last year's SRT presented technologies, researcher recruitment, recommendations from the TLO (Technology Transfer Organization) of government-funded research institutes, and sharing results from the NST Convergence Strategy Research Group. The discovered technologies will be selected as promising technologies through rigorous expert evaluation regarding patents, marketability, and investment potential.
NST Chairman Kim Young-sik said, "We will support the timely provision of the technologies needed by corporations to ensure that the innovative technologies of government-funded research institutes can quickly establish themselves in the market," adding, "NST will further strengthen its role as a matchmaker in technology commercialization connecting public technologies with private demand."