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Document prepared by Mr. Byeong Yong LEE, Deputy Director, PowerPoint Presentation
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Document prepared by Mr. Byeong Yong LEE, Deputy Director,

Document prepared by Mr. Byeong Yong LEE, Deputy Director,

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Document prepared by Mr. Byeong Yong LEE, Deputy Director,

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  1. WIPO/INV/BEI/02/14SECOND INTERNATIONAL FORUM ON CREATIVITY AND INVENTION - A BETTER FUTURE FOR HUMANITY IN THE 21ST CENTURY Beijing, May 23 to 25, 2002CONDITIONS FOR SUCCESSFUL ECONOMIC AND SOCIAL USE OF INVENTIONS AND INNOVATIONS Document prepared by Mr. Byeong Yong LEE, Deputy Director, International Cooperation Division, Korean Intellectual Property Office (KIPO), Daejon (Republic of Korea)

  2. Problems in the Process of Commercialization • Survey on the successful commercialization (April 2002 - KIPO) - Object: companies and individual inventors - Result of the survey *insufficient fund (39.9%), marketing (20.6%), counterfeiting (16.3%), others (23.2%)

  3. Main Factors for Successful Commercialization Technology Marketing Internal Capacity • Excellence of invention • Excellence of manufacturing technology • Complementary/ continual development after patent registration • Efficient management of patent • Advertisement • Increasing demand • Distribution strategy • Price strategy • Exclusive production and sale by patent right • Sufficient infrastructure for domestic and abroad demand • CEO’s ability • Financial capacity • Human resources • Sufficient equipment

  4. Main Factors for Successful Commercialization

  5. Main Factors for Successful Commercialization (cont’d.)

  6. Main Factors for Successful Commercialization (cont’d.)

  7. KIPO’s Policy • Objective: To facilitate commercialization of the patents owned by SMEs and individual inventors • Financial Assistance • Marketing Support • Anti-Counterfeiting Activities

  8. KIPO’s Policy (cont’d.) • Marketing Assistance • Patent Commercialization Committee • To foster development of SMEs and venture companies possessing globally competitive technology • Under the cooperation with relevant organizations such as: . Ministry of Commerce, Industry and Energy (MOCIE) . Korean Intellectual Property Office (KIPO) . Korea Invention Promotion Association (KIPA) . Small and Medium Business Administration . Korea Technology Credit Guarantee Fund . Small and Medium Industry Promotion Corporation • Providing a one-stop-service system; incubation, financing, management, and marketing for qualified companies

  9. KIPO’s Policy (cont’d.) • Patent Angel Club • To support venture companies willing to commercialize patented technology • Club Members: • Lead angel: general investors • Support angel: patent attorneys, accountants • Organizer: Korean Invention Promotion Agency (KIPA) • Center for Patent Technology Valuation • To facilitate technology transfer and commercialization by establishing a valuating system for patented technology • Standing Mart for Patented Technology • To help technology transfer by holding the on-line and off-line technology mart and providing meeting place with investors

  10. KIPO’s Policy (cont’d.) • Reinforcing Anti-Counterfeiting Activities • At the domestic level, to establish sound business practices and protect consumers • At the international level, to prevent trade conflicts and facilitate foreign investment • Major activities: . Investigation and analysis of counterfeit products’ circulation . Education campaigns for merchants and consumers of counterfeit goods . Operation of Counterfeiting Complaint Center

  11. Trinity for Success Successful Use Marketing Strategy Government’s Support Inventor’s Effort

  12. Thank you very much for your attention! Contact point : Byeong Yong Lee, International Cooperation Division Korean Intellectual Property Office, 920, Dunsan-dong, Seo-gu, Daejon Metropolitan City, 302-701, Republic of Korea Tel: 82-42-481-5072 / Fax: 82-42-472-3459 / e-mail: kpleeby@yahoo.com