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
- Mar. 1997
Opened its first Technology Appraisal Center
- May. 1997
Designated as an agency for the appraisal of the technological
competence and business feasibility of patented technology
(Invention Promotion Act) - 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) - Aug. 1998
Designated as an appraisal agency for identifying Venture Businesses
(Act on the Special Measures for the Promotion of Venture Businesses) - Nov. 1998
Designated as a technology appraisal agency for the valuation of the intellectual
properties invested in-kind by foreigners (Foreign Investment Promotion Act) - Feb. 1999
Implementation of its credit guarantee system backed by the technology appraisal
2000s
- Apr. 2001
Designated as a professional agency specializing in technology appraisal, transfer of technologies and commercialization (Technology Transfer Promotion Act)
- 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)
- Aug. 2001
Designated as a technology appraisal agency for the selection of INNO-BIZ enterprises
(Ministry of SMEs and Startups) - Sep. 2004
Launched a technology appraisal certification system (for internal use)
- Jul. 2005
Implemented the new KIBO Technology Rating System(KTRS)
- Apr. 2007
KTRS acquired domestic BM patent
- Apr. 2008
Applied a patent registration for the international patent (PCT) for the KTRS
in other countries (Japan, China, and Singapore) - Oct. 2009
Acquired a Korean patent for KTRS-SM which is used for assessment of startups
2010s
- Apr. 2010
Designated as the appraisal agency for green certification by the government
- Oct. 2010
KTRS Feedback System acquired domestic patent
- Jan. 2011
Applied and implemented the research results for the advancement of KTRS (KTRS-V2.0)
- Nov. 2012
Developed a Green Technology Rating Model (GTRS) for improved assessment of green technology and related industries
- Dec. 2013
Improved the KTRS models and redefined system processes by applying the results of commissioned research
- Jun. 2014
Designated as one of the Tech Credit Bureaus(TCB)
- Jul. 2015
Applied for BM patents (2 cases) on technology appraisal methods and know-how
- Dec. 2015
Developed the Technology Appraisal Model used for ensuring informed decision makings in equity Investment
- Jan. 2016
Implemented "Technology Credit Appraiser" certificate system for the public
- Aug. 2016
Joined the Climate Technology Center and Network (CTCN)
- Oct. 2016
Received the "Presidential Award" for Financial Reform
- Dec. 2016
Awarded the "IP Commissioner (Prime Minister) Award" for its IP promotion activities
- Sep. 2017
Launched the Online KIBO Patent Appraisal System (KPAS)
- Nov. 2017
Hosted an International Symposium on the 20th Anniversary of its technology appraisal business
- Jan. 2019
Launched the Online Technology protection System (Tech-safe)
2020s
- Jan. 2020
Applied and implemented the AI-based technology appraisal robot(KIBOT)
- Jun. 2020
Launched the Technology Appraisal Feedback System
- Jan. 2021
KIBOT acquired domestic patent
- Jan. 2021
Implemented the new Technology Rating System(“AIRATE” - Artificial Intelligence + KTRS)