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Research Technology Transfer

Korea's leading ship and offshore plant research institute, KRISO

Technology transfer procedures

  • 01 Contract commission Commissioning of contract signing(application form)

    Research Department Research Management Center

  • 02 Application Review Review of application details

    Research Management Center Research Department

  • 03 Institutional Review Board Validity assessment and approval of technology transfer

    Research Management Center Institutional Review Board

  • 04 Internal Approval Internal approval based on assessment by the institutional review board

    Research Management Center

  • 05 Contract signing Contract signing

    Research Management Center Licensee

  • 06 Royalty collection Collection of royalty by contract

    Research Management Center Licensee

  • 07 Distribution of royalty Distribution of royalty based on distribution standards

    Research Management Center Research Department

Priority assignment to participating companies

Classification,, Details
Classification, Details
Participating company, Available Priority given to participating company
Participating company, NA Equal opportunity for interested companies
  • Exceptions to priority assignment
    • If all employees of the participating company provide consent
    • If the participating company fails to sign the license agreement within one year of project completion
    • If the participating company fails to pay the agreed royalty within one year

Types of royalty

Type of royalty, Basis of imposition, Details, Note
Type of royalty Basis of imposition Details Note
Fixed royalty Flat rate Provided as flat rate Fixed amount
Running royalty Sales Provided as a proportion of technology-related sales Based on year-end sales for the fiscal year
Initial payment Flat rate At least 10% of total royalty specified under the running royalty agreement Article 16-2 of Guidelines on Technology Transfer Contracts and Management
  • Breakdown of running royalty
    • Initial payment + amount determined by running royalty rate
      • Initial payment: At least 10% of total royalty as initial payment
      • Amount determined by running royalty rate: In general, “oo% of sales generated by related technology”

Calculation of royalty

Classification, Details
Classification Details
Calculated amount Determined by agreement between the research institute and the consumer, taking into account the invested research fund and technology demand.
Discount Small and medium-sized company
Research institute company
Non-profit institution
  • Based on Article 18 of Guidelines on Technology Transfer Contracts and Management