Lowering the Barrier to Startups for Government-Funded Researchers… Easing the Burden of Conflicts of Interest
3 Articles
3 Articles
(Seoul = Yonhap News) Reporter Cho Seung-han = From now on, researchers at government-funded research institutes will not be subject to conflict of interest regulations for public officials even if they start a business or hold shares in a technology transfer company...
The Ministry of Science and ICT approved an amendment at a Cabinet meeting to ease regulations on equity ownership and conflicts of interest to promote technology startups by researchers at government-funded research institutes and the four major science and technology institutes. Researchers will not be classified as private stakeholders with companies utilizing their developed technologies, and future technology transfer and advisory activitie…
Researchers at government-funded research institutes hold equity in companies founded using their research results, and researchers from government-funded research institutes and the four major science and technology institutes serve as advisors or executives of companies to which technology has been transferred.
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