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(SEOUL=Yonhap News) Promising Korean startups and Chinese investors are partnering up for technical cooperation.
On Feb. 23, the Korea Trade-Investment Promotion Agency (KOTRA) invited promising Korean startups, Chinese venture capitals (firms or capitals that invest in business ventures by investing in stocks), and companies hoping to participate in technical partnering to The K-Hotel Seoul in Seocho-gu, for a One-on-one Partnering Consultation Meetup.
At the event, 51 Korean startups, 32 Chinese investors and companies hoping to engage in technical cooperation, and 48 technological researchers participated in about 200 consultation sessions.
The sessions focused mainly on such topics as technology transfers, joint research efforts, product exports, and how Korean startups can enter into the Chinese market.
Time was also set aside for companies with recognized joint research accomplishments, or startups based on joint research accomplishments, to provide information on measures to protect their intellectual property rights when entering China, basic legal knowledge for signing contracts with investors, and matters that require attention when establishing a joint corporation with a Chinese company.
In addition, introductions were made of the Ministry of Science, ICT and Future Planning's initiatives to support the commercialization of technology, currently being carried out by the Commercialization Promotion Agency for R&D Outcomes (COMPA), Chinese Academy of Sciences initiatives for technological innovation, as well as China's system to support startups in the emerging industrialized city of Shenzhen.
According to a KOTRA source, "the Meetup served as a forum to expand overseas markets for promising technologies commercialized by startups, or prior to commercialization, and to promote technical cooperation between Korea and China."
KOTRA One-on-one Partnering Consultation Meetup (SEOUL=Yonhap News)
The KOTRA One-on-one Partnering Consultation Meetup taking place on Feb. 23 at The K-Hotel Seoul in Seocho-gu [Courtesy of KOTRA]
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Source: Yonhap News (Feb. 23, 2017)