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Technology Appraisal
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History of Technology Appraisal Service

History of Technology Appraisal Service

Since it founded its first Technology Appraisal Center and launched its technology appraisal service in Korea in March 1997, KOTEC has been serving as the leading technology appraisal institution, setting major milestones in the technology appraisal market including the launch of technology appraisal-based credit guarantee system and development of the KTRS, or Kibo Technology Rating System.

1990s

  1. Mar. 1997

    Opened its first Technology Appraisal Center

  2. May. 1997

    Designated as an agency for the appraisal of the technological
    competence and business feasibility of patented technology
    (Invention Promotion Act)

  3. Oct. 1997

    Designated as an appraisal agency for evaluating the value of investment
    made in-kind through transfer of IPs by Venture Businesses
    (Act on the Special Measures for the Promotion of Venture Businesses)

  4. Aug. 1998

    Designated as an appraisal agency for identifying Venture Businesses
    (Act on the Special Measures for the Promotion of Venture Businesses)

  5. Nov. 1998

    Designated as a technology appraisal agency for the valuation of the intellectual
    properties invested in-kind by foreigners (Foreign Investment Promotion Act)

  6. Feb. 1999

    Implementation of its credit guarantee system backed by the technology appraisal

2000s

  1. Apr. 2001

    Designated as a professional agency specializing in technology appraisal, transfer of technologies and commercialization (Technology Transfer Promotion Act)

  2. Jul. 2001

    Designated as a technology appraisal agency for the evaluation of Venture Businesses seeking to be listed on the KOSDAQ (Korea Securities and Dealers Association)

  3. Aug. 2001

    Designated as a technology appraisal agency for the selection of INNO-BIZ enterprises
    (Ministry of SMEs and Startups)

  4. Sep. 2004

    Launched a technology appraisal certification system (for internal use)

  5. Jul. 2005

    Implemented the new KIBO Technology Rating System(KTRS)

  6. Apr. 2007

    KTRS acquired domestic BM patent

  7. Apr. 2008

    Applied a patent registration for the international patent (PCT) for the KTRS
    in other countries (Japan, China, and Singapore)

  8. Oct. 2009

    Acquired a Korean patent for KTRS-SM which is used for assessment of startups

2010s

  1. Apr. 2010

    Designated as the appraisal agency for green certification by the government

  2. Oct. 2010

    KTRS Feedback System acquired domestic patent

  3. Jan. 2011

    Applied and implemented the research results for the advancement of KTRS (KTRS-V2.0)

  4. Nov. 2012

    Developed a Green Technology Rating Model (GTRS) for improved assessment of green technology and related industries

  5. Dec. 2013

    Improved the KTRS models and redefined system processes by applying the results of commissioned research

  6. Jun. 2014

    Designated as one of the Tech Credit Bureaus(TCB)

  7. Jul. 2015

    Applied for BM patents (2 cases) on technology appraisal methods and know-how

  8. Dec. 2015

    Developed the Technology Appraisal Model used for ensuring informed decision makings in equity Investment

  9. Jan. 2016

    Implemented "Technology Credit Appraiser" certificate system for the public

  10. Aug. 2016

    Joined the Climate Technology Center and Network (CTCN)

  11. Oct. 2016

    Received the "Presidential Award" for Financial Reform

  12. Dec. 2016

    Awarded the "IP Commissioner (Prime Minister) Award" for its IP promotion activities

  13. Sep. 2017

    Launched the Online KIBO Patent Appraisal System (KPAS)

  14. Nov. 2017

    Hosted an International Symposium on the 20th Anniversary of its technology appraisal business

  15. Jan. 2019

    Launched the Online Technology protection System (Tech-safe)