What is Technology Transfer?
It refers to the transfer of technology (patents, utility models, copyrights, know-how, etc.) possessed by researchers at the University to the industry through the Transfer of Technology, License Grant, Technical Guidance, Joint Research, etc.
Procedure to transfer Technology
- Review of Technology Transfer Agreement
- To protect the rights of the inventors, we support the detailed review of the Technology Transfer Agreement before the conclusion of the contract to remove the possibility of disputes and to secure the share of rights such as patents.
- Industry-University Cooperation Agency provides a Standard Form of Technology Transfer Agreement.
- Conclusion of the Technology Transfer Agreement
- The Industry-Academic Cooperation Division discusses with the transferee to set the license agreement terms in consideration of the characteristics of the technology
- The terms of the contract, deposit, and royalty shall be governed by the provisions on the management of intellectual property rights.
- In no case, the Industry-Academic Cooperation Division or the inventors, in entering into a technical implementation contract, shall guarantee or indemnity for the practical use, successful use, or commercialization of the product beyond the technical level of the University. (Article 25 on the Management of Intellectual Property Rights).
- Royalty Distribution (Incentive)
- Incentive
- In the case that the Industry-Academic Cooperation Division has a responsibility to bear all or part of the cost of acquiring intellectual property rights or that the cost is borne by research fund or technical support institute, the profits remaining after deducting related expenses (acquisition, maintenance, tax, and administrative fees) shall be distributed to the inventors and Industry-Academic Cooperation Division ,when earnings from royalties are generated due to publication of works, transfer of intellectual property rights and granting of Exclusive License or Non-exclusive License.
- Industry-Academic Cooperation Division provides a Standard Form of Royalty Distribution Agreement.
- Royalty Distribution Rate
- Compensation for the Inventor
- If the Royalty is less than 10 million won: 90/100 of the proceeds
- If the Royalty is more than 10 million won and less than 100 million won: 70/100 of the amount exceeding 10 million won of the compensation of clause 1
- If the Royalty exceeds 100 million won: 60/100 of the amount exceeding 100 million won of the compensation of clause 2
- Technology Transfer Contributor
- If the trading amount is less than 100 million won: Within 10% of the transaction amount
- If the trading amount exceeds 100 million won: Within 5% of the transaction amount
- Industry-Academic Cooperation Division: Remaining portion excluding inventor compensation and technology transfer contributor
- The royalty is cumulatively calculated on the fees generated during the school year.
- Compensation for Royalties incurred by government-led research projects or separate agreements with inventors is subject to Government Payment Standards or Agreement.
- The inventor can reinvest his/her incentive in research.
- Compensation for the Inventor
- Incentive