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Commercialization Support Promoting intellectual property and expanding patent management support

H > Services > Commercialization Support > Funding for Commercialization

Funding for Commercialization

Provides financial support for the development and commercialization of pilot products of superior patented inventions

Subsidization for International Application Fees
Provides assistance with international application fees in order to encourage individual inventors and SMEs to venture out internationally. Grants up to 7 million Korean won for international application fees per inventor with a limit of 5 applications per year.
Support for the Production of Prototypes
Boosts inventors´ morale and helps commercialize inventions by providing government financing for manufacturing pilot products. Funds of up to 50 million Korean won or 70% of the total costs are provided.
Industrial Technology Development Loan Project
Encourages enterprises possessing patents to develop major capital goods and products requiring sophisticated technology, as well as disseminate innovative technologies by offering long-term low-interest loans that can be used to cover production costs from research and development to the manufacturing of pilot products.
Patented Technology Transfer Promotion Fund
Promotes the efficient transfer of superior patented technologies (from local universities, research institutes and other enterprises) to recipient firms by lending financial support and helping commercialize such patented technologies.
Assistance for the Acquisition of Good Inventions
Makes recommendations to public agencies regarding which superior inventions are to be prioritized or purchased. Also helps explore the market, increase the volume of trade, enhance the morale of SMEs and individual inventors, collect the funds for the development of patented technologies and secure profits.