KISTEP held the 4th National Technology Innovation System (NIS) Policy Colloquium: Strategies for the Commercialization of National R&D, at L Tower in Seoul on Thursday, July 1st. The theme of the Colloquium was how to improve the quality of technology industrialization triggered by increased government R&D investment in addition to problems and solutions for technology commercialization. The event was broadcast live online in compliance with the COVID-19 quarantine rules and can be viewed again through the KISTEP YouTube channel.

(Link) https://youtu.be/sAYKdnxE2js

▲ President of KISTEP, Sang-sun Kim

"The national R&D budget has reached 27.4 trillion won, increased 13.1% from last year, and the government seems to have recognized the importance of national R&D," said Sang-sun Kim, president of KISTEP. "Recently, R&D has expanded from manufacturing to all areas of science and technology. We hope that the Colloquium will find fundamental ways in detail to announce and commercialize public R&D outcomes."

▲In-young Hwang, associate research fellow at KISTEP

In the first session, In-young Hwang, associate research fellow at KISTEP Innovation Strategy Institute, presented the topic of "Exploring Major Issues in Korea's Technology Commercialization Process." Hwang suggested, "The key factors that affect technology commercialization differ by the R&D development stage, so differentiated approaches are crucial."

▲ Byung-hwan Hyun, professor of Convergence Consulting at Daejeon University

In the second session, Byung-hwan Hyun, a professor of convergence consulting at Daejeon University, presented under the theme of "R&D Planning, Technology Commercialization in Topic Selection Steps, and Policy Suggestions." Professor Hyun suggested various measures such as 3P-based R&D planning (Paper, Patent, and Product) and strategic research to generate R&D results.

▲ Kim Kwang-moo Kim, CEO of BrainU Co., Ltd.

In the third session, BrainU CEO Kwang-moo Kim presented the topic of "Research Performance, Spin-Off Status, Challenges and Policy Suggestions." CEO Kim said, "It is necessary to set up a venue for collaboration between the industry and academia," and suggested, "We need to expand new projects like building R&D clusters."

▲ Chi-ho Choi, head of KIST Hongneung Small but Strong Special Business Zone

In the last session, Chi-ho Choi, head of KIST Hongneung Small but Strong Special Business Zone, made a presentation under the theme of "Challenges and Policy Suggestions on Technology Commercialization in the Stage of Applied R&D." The mechanism for announcing public technology should be reorganized into an organic cooperative system throughout the entire cycle of innovative entities," said Chi-ho Choi, head of the group.