9 national universities partners with Ministry of Education, IBK to advance technology commercialization

Nine regional national universities have signed a partnership agreement with the Ministry of Education and the Industrial Bank of Korea (IBK) to promote technology commercialization and startup creation for regional innovation and growth.

Chungnam National University said the agreement was signed by the presidents of the nine universities, Education Minister Choi Kyo-jin and IBK CEO Chang Min-young at IBK’s headquarters in Seoul on Tuesday.

“This agreement will serve as an important turning point in transforming the universities’ research achievements into new growth engines for local communities,” said Kim Jeong-kyoum, president of Chungnam National University and chairman of the Korean National Universities’ 10 Presidents Council.

He added, “Going forward, regional national universities will take the lead in revitalizing university technology holding companies and supporting the growth of startups so that outstanding research outcomes can contribute to the development of local industries as key drivers of regional innovation.” The agreement calls for fostering regional in ...