World institute of KimChi an Annex of Korea Food Research Institute.

What is Technology Transfer?

• Definition: Technology transfer is the process of transferring technology from its holder (including those who have rights to transfer a technology) to others through assignment, license, technology consulting, joint research, joint venture or M&A.
• Technology transfer and royalty type
  • Types of technology transfer

    Types of technology transfer table

    Technology transfer type		Content
    Assignment	Full	A sales type of technology transfer, in which the technology implementor pays the price and receives the nominal transfer of the right to the technology (or patented invention) until the contract is completed
    	Partial
    License	Exclusive	The right to use a technology (or patented invention) exclusively within the established scope of the period, place, and contents, etc.
    	Non-exclusive	The right to use a technology (or patented invention) non-exclusively within the established scope of period, place, and contents, etc.

  • Types of royalty

    Types of royalty table

    Royalty type	Content
    Fixed	The price for a technology as a fixed payment, regardless of the sales figures which the technology implementor pays
    Running	1∼5% of the annual total sales when sales are generated using the target technology which the technology implementor pays

Technology transfer procedure

1. Patent application/registration
2. 다음
3. Technology marketing
4. 다음
5. Contract condition negotiation
6. 다음
7. Contract condition confirmation
8. 다음
9. Technology transfer conclusion
10. 다음
11. Technology royalty payment/collection
12. 다음
13. Technology transfer
14. 다음
15. Technology guidance / Follow-up service