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How Government-Funded Research Institutes and Companies Overcome Death Valley (May 26, 2021)
- Date : 2021-08-11
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International Cooperation Team
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How Government-Funded Research Institutes and Companies Overcome Death Valley
The Korea Institute of Science and Technology (KIST; President: Dr. Seok-Jin Yoon), held a signboard unveiling ceremony for its first “Linking Lab,” created in conjunction with Keumyang Innovation (CEO: Jang Seok Young). “Linking Lab” is a new joint laboratory system which was implemented by KIST earlier this year to support the process of commercializing high-end technologies from small and medium-sized companies that have signed technology transfer contracts with KIST. As Linking Labs will enable technology consumers and suppliers to jointly conduct their research within the same laboratory, suppliers can actively support technology development and consumers can strengthen their research capabilities, thereby increasing the possibility for commercialization.
The KIST-Keumyang Innovation Co-Linking Lab is the first of these laboratories to be established since the implementation of the Linking Lab system, whose purpose is to promote the accelerated commercialization of “extremely small metal nanoparticle manufacturing technology and electrode and adsorption materials development technology,” which was transferred from KIST to Keumyang in September 2020. This technology is capable of miniaturizing the precious metal materials used in the energy and environmental fields and, as these materials are easy to mass-produce, is expected to enhance competitiveness in fields related to next-generation eco-friendly materials such as fuel cells, water electrolytes, and batteries.
Keumyang Innovation, a subsidiary of Keumyang, was established in October of 2020, with Mr. Jang Seok Young, the former Vice Minister of the Korean Ministry of Science and ICT, appointed as head on April 15, 2021 under the goal of pursuing strategic joint research with KIST. Mr. Jang said, "We are looking forward to seeing the performance of programs such as Linking Lab, which not only supports one-time technology transfers, but also follow-up research by companies, as it can help small and medium-sized companies commercialize high-end technology."
Meanwhile, the President of KIST, Dr. Seok-Jin Yoon, stated, "Using the Keumyang Innovation Linking Lab as a starting point, we plan to expand our programs to include many more companies so that our excellent technologies can be more effectively commercialized. We will persistently continue to explore opportunities to transfer our key technologies to companies to secure their commercialization and, ultimately, make the future a better place."