KIBO Achieves KRW 340 Billion R&D Commercialization Guarantee Target Ahead of Schedule

Just five months after the program was introduced in June

Korea Technology Finance Corporation said on Nov. 5 that it had achieved its annual guarantee supply target of KRW 340 billion ahead of schedule through the “R&D Commercialization Project Guarantee” and “R&D Commercialization Securitization Guarantee,” both newly introduced this year.

Since the R&D Commercialization Guarantee program was launched in June, demand for commercialization funding has remained strong, enabling KIBO to reach ahead of schedule its annual guarantee supply target of KRW 340 billion.

Headquarters of the Korea Technology Finance Corporation. Korea Technology Finance Corporation

KIBO is also strengthening cooperation with public institutions under the Ministry of SMEs and Startups, the Ministry of Trade, Industry and Energy, the Ministry of Science and ICT, and the Ministry of Climate, Energy and Environment to promote the commercialization of national R&D成果. Based on agreements with these institutions to build information-sharing systems, KIBO is linking each ministry’s R&D achievements with its technology evaluation and guarantee capabilities to support the commercialization of promising technologies and their entry into the market.

Next year, KIBO plans to expand financial support to the four new growth sectors identified by the Ministry of SMEs and Startups: new security, pharmaceuticals and biotechnology, climate tech, and K-consumer goods.

Kwon Hyung-taek, chairman of KIBO, said, “This program has confirmed the commercialization potential of national R&D achievements and the demand for financial support. We will continue working to expand financial support for commercialization so that technology companies can turn their R&D achievements into tangible revenue and growth.”

This content was produced with the assistance of AI translation services.