NEW Ajou Ranked Ninth among Korean Universities with Technology Transfer Revenue of KRW 2.6 Billion in 2019
Having earned KRW 2.6 billion in revenue from technology transfers last year, Ajou University came in ninth among all universities compared nationwide.
The rankings were announced as part of the Ministry of Education (MOE)’s University Information Disclosure in June 2020, which detailed how much Korean universities earned from technology transfers and related contracts in 2019. A total of 416 schools, including 224 universities, 147 vocational colleges, and 45 graduate universities, share information on 62 subjects in 14 categories (including school status, student body, faculty, and finance) through this disclosure.
The annual revenue Ajou generates from technology transfers has been rising steadily, from KRW 1.18 billion in 2016 to KRW 1.96 billion in 2017, KRW 2.14 billion in 2018, and KRW 2.63 billion in 2019. The revenue consists of the money that businesses pay to the university in exchange for intellectual property rights to the research and development results of the university’s research teams.
Ajou provides a great interdisciplinary research environment, as almost all of its colleges—Engineering, Natural Sciences, Medicine, Pharmacy, and Nursing—are located on the same campus, facilitating collaboration among researchers. Moreover, the university participates in a variety of policy grant programs that support the marketization of new technologies throughout the technology life cycle, from patent search to ownership transfer. Ajou has also continued to participate in the Bridge+ Program (MOE and National Research Foundation of Korea), Patent Gap Fund Program (Korean Intellectual Property Office and Korea Intellectual Property Strategy Agency), and Technology Management Consulting (TMC) Program [KHTC1](Ministry of Science and ICT and COMPA).
In March this year, Ajou expanded the Technology Transfer Center [KHTC2]to create the Technology Marketization Division[KHTC3], staffing it with patent attorneys, technology transfer agents, and certified valuation analysts, to provide a comprehensive range of support for successful marketization.
Technology Transfer Revenue Rankings, 2019
Revenue (million KRW)
Seoul National University
Kyung Hee University
Pusan National University
Kyungpook National University
Average nationwide: KRW 760 million
* Source: MOE (June 2020), University Information Disclosure.