Creative ideas from business must be recognized as an important asset through proper evaluation and should be actively traded in the market.
The Korea Invention Promotion Association will help stimulate the economy by building a healthy IP business ecosystem through a virtuous cycle of intellectual property.
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Intellectual Property Valuation SupportWe subsidize the cost of commercialization related valuation, performance analysis, and business feasibility, along with valuation for financial linkage such as guarantee, collateral loans, and investments using intellectual property (including registered/applied patents). Those funds can be utilized in IP finance, technology transactions, in-kind investments, technology certifications and more, financing commercialization for small and medium-sized enterprises and stimulating the utilization of patented technologies.
IP Purchase and Utilization of pledged as collateralIf a company defaults on an IP collateral loan, we purchase the IP through a recovery support agency, which is funded by the government and financial institutions. Also, we stimulate the transaction of IP collateral loans by reducing the risk of financial institutions through monetization of purchased IP.
The Valuation Information System (IP-Hub)The Valuation Information System is a comprehensive platform that integrates and manages valuation reports and related data for efficient and systematic examination and management of assessments, particularly for inventions. This system facilitates online application and submission for the Intellectual Property Valuation Support Program. The valuation reports registered in the system are utilized for quality control in the assessment of inventions. Additionally, the collected valuation information is analyzed and processed to provide foundational reference data for key variables in the assessment of inventions.
System to Measure, Analyze and Rate Patent Technology (SMART5)SMART5 provides online patent analysis and evaluation results of registered patents in Korea, the US, Europe, China, and Japan in real-time at low cost through an evaluation model built on objective and quantitative patent data. Since its launch in 2010, SMART5, has been utilized in approximately 1.7 million cases (as of 2023). It has emerged as a leading patent evaluation system in South Korea, taking the forefront in popularizing patent assessment.
SMART5 Utilization Cases-
IP Finance
Operational credit guarantee products linked with SMART5 ratings by organizations like the Credit Guarantee Fund since 2013
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Patent Portfolio Management
Identification of patents eligible for abandonment based on SMART5 ratings to reduce annual fees for held patents
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Technology Transfer
Discovery of enterprises with potential interest in SMART5 through the selection of outstanding patents and analysis of similar patents via SMART5 evaluations
About the Intellectual Property Valuation Management CenterThe Intellectual Property Valuation Management Center is a legal institution designated by the Korean Intellectual Property Office, established under Article 31-6 of the Invention Promotion Act. The IP Valuation Management Center performs quality reviews for samples and feasibility examinations by external request and provides research and education as well as data services related to intellectual property valuations.IP Valuation Quality ManagementThe Intellectual Property Valuation Management Center conducts quality reviews of intellectual property valuation reports, feasibility examinations, research, and education for IP Valuation Institutions aiming to enhance reliability and credibility in the assessment of intellectual property.-
Quality Reviews
Randomly and selectively extracting samples of valuation reports issued by IP Valuation Institutions, followed by quality checks on the extracted reports
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Feasibility Examinations
Investigating whether valuation reports issued by IP Valuation Institutions were conducted in accordance with valuation criteria. This is carried out at the discretion of the Commissioner of the Patent Office or upon request from stakeholders.
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Research
Developing and disseminating valuation guidelines for IP to enhance the reliability and professionalism of the valuation market
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Education for IP Valuation Institutions
Developing and implementing practical training programs to strengthen the capabilities of practitioners in IP Valuation Institutions.
Technology EvaluationThe Business Growth Support Office is a specialized organization in convergence consulting services, assisting companies and individuals with exceptional technology from start-up phase to listing. The Korea Invention Promotion Association was designated as a specialized assessment institution for venture enterprise certification in 2021 and KOSDAQ technical exception listing in 2022. Our internal team comprises experts, including lawyers, engineering Ph.D holders, and science Ph.D holders, covering various fields such as medical bioscience, electrical engineering, electronics, semiconductors, ICT, and machinery. Simultaneously, we have secured a group of over 500 external experts with knowledge and experience from universities, research institutes, and various industries. These internal and external experts conduct technology consulting for diverse purposes, including special listings, tangible asset contributions, technology transactions (transfers), and fundraising, for technologies held by corporations and individuals.
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IP Finance
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Revitalizing the Intellectual Property MarketThe Intellectual Property Transfer Office of the Korea Invention Promotion Association helps stimulate intellectual property transactions through the distribution of unused IP by connecting supply and demand, nurturing the establishment of a healthy intellectual property ecosystem.-
IP Transaction Consultants
Provides support for the entire process of intellectual property transactions ranging from consultation and technology matching to mediation, negotiation, and contract signing with the nation’s top experts including engineering Ph.D.s, technicians, and patent attorneys
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Government-owned Patent Transaction Support
Consulting and contract support for individuals and businesses aiming to commercialize inventions (patents, utility models, etc.) created by government officials in the course of their duties (referred to as “government-owned patents”) in fisheries and other industries
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IP-Market (www.ipmarket.or.kr)
Online intellectual property trading platform that provides a technology database (supply & demand) and online consultation feature that can be utilized in private and public sectors among individuals, small and medium-sized enterprises, and universities that are interested in intellectual property transactions
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IDEARO (www.idearo.kr)
A representative open innovation platform enabling everyone in the nation to create, transact, and utilize ideas with infinite potential value! IP Transaction consultants support the entire process, from project discovery to negotiation, contract signing, and IP consulting, ensuring that businesses and citizens can transact ideas safely and reasonably.
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IP Transaction Consultants
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Intellectual Property Commercialization Support for Start-ups and SMEsSupporting open innovation solutions to handle technical challenges in the commercialization phase of IP-based SME products. We accomplish this through the OPIS (Open Patent Intelligence Search) method, enhancing existing products, and strategizing for the development of new products.
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IP-C&D* Strategic Support
Provides product planning solutions by discovering core values of customers or solutions to technical difficulties of products (including devices and processes) by utilizing the problem-solving principles of patents in other fields
IP-C&D (Connect&Development): An open research and development approach that combines internal and external intellectual property to develop innovative products -
Public-Private Partnership of Intellectual Property Strategic Support
Start-up companies with innovative technology ideas, and providing support for private investment and IP product commercialization packages.
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Private Sector : Serving as the CIPO* for start-up companies, offering early-stage investment, and providing IP Consulting
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Public Sector : Supporting IP rights acquisition, IP product commercialization strategies and validation, global expansion and attracting investments support.
Chief Intellectual Property Officer(CIPO): The top executive overseeing the strategic planning and management of a company’s intellectual property rights -
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Carbon Neutrality Sector Idea Transaction Commercialization Support
Supporting innovation in environmentally friendly technology and products for small and medium-sized enterprises by utilizing creative ideas from the public to address climate change
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Public-Private Market Support
Public market support (designation of innovative products based on excellent patents, priority purchase recommendation for outstanding inventions) and private market support (crowdfunding support) for SMEs with outstanding IP-based products
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Investment Attraction Seminars
Operating Investor Relations (IR) pitching and consulting by technical fields or regional hubs to provide funding opportunities for IP-based start-ups
Locally Tailored Intellectual Property CreationThe Regional Intellectual Property Office provides consulting and other services for intellectual property creation and supports regional IP Small Giants through RIPC in Seoul and other regions.
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Operation of Regional Intellectual Property Centers
Based on RIPC across the country, we promote the creation and use of intellectual property, contributing to strengthening the competitiveness of small and medium-sized enterprises(SMEs) and revitalizing the local economy. Professional consultants provide one stop comprehensive intellectual property services for SMEs, individual inventors, and students.
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Overseas IP-Based Expansion Support(Global IP Star Companies)
Selected companies receive comprehensive support for three years, including securing international intellectual property rights, patent and design map, design and brand development, IP management diagnosis and establishment, production of patented technology promotional videos, and product design mock-up.
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IP-C&D* Strategic Support