KISTEP and Korea Credit Informatics Services (KCIS) signed MOU for policy supports for innovative growth on 19th December (Thu).
 

The main concepts of MOU are for KISTEP to apply information related to innovation growth financial policies for enterprises performing national R&D programs, provided from KCIS to establish Research & Innovation (R&I) policies, and for KCIS to analyze linkage effects between national R&D project supports and innovation growth financial policies with information provided from KISTEP.
*Research and Innovation (R&I): scientific research and technology development processes considering comprehensively its effects on the society and potential effects
 

Furthermore, the institutes will cooperate in various areas including identifying·performing joint projects of convergence analysis based on data of innovation growth financial policies and national R&D programs.


 

▲ Photo from the MOU of KISTEP and KCIS
(left, Sang-seon Kim (President, KISTEP), and right, Hyun-Joon Shin (President, KCIS))

 
In the domestic technology commercialization environment, many enterprises could not overcome so-called “Death valley” due to uncertainty over the success of commercialization, even they were successful in developing innovative technologies supported by government R&D fund.
 

To solve this problem, the institutes will analyze effectiveness of linkage supports of national R&D·financial policies to improve finance of innovative growth enterprises and to creation of jobs, in the entire period of ‘technology development → preparation for commercialization → success in commercialization.’ They will also prepare policy establishment·support system to promote financial policy support for innovative growth enterprises performing national R&D project, by providing effect analysis results to financial policy institutes using Innovation Growth Intelligence System (IGS) of KCIS.
*Innovation Growth Intelligence System (IGS): IT system to provide information of status of financial policy supports and performance analysis for innovative growth areas to financial policy institutes
** Financial policy institute: Korea Development Bank, Industrial Bank of Korea, The Export-Import Bank of Korea, The Credit Guarantee Fund, Korea Technology Finance Corporation, Korea SMEs and Startup Agency, Korea Trade Insurance Corporation, Trust Guarantee Funds for Agricultural and Fisheries Businesses, Korea Growth Investment Corporation, Korea Venture Investment Corporation
 

 

 

▲ Photo from the MOU of KISTEP and KCIS

 
 
 
Sang-seon Kim, President of KISTEP, mentioned that “Information related to national R&D programs are very helpful when formulating S&T policies. It is expected to expand establishment of evidence-based policies with linkage analysis of financial policy data from KCIS through MOU, and to prospect S&T policies in the scope of national financial programs.”