KIST Technology Transfer Policy A non-profit organization, KIST aims to disseminate technology to the industrial sector while complying with government regulations and conducting technology transfers accurately and impartially. As a government-funded research institute, we place a greater importance on serving the public than we do pursuing profits. As a result, we strictly limit the use of KIST's name in marketing materials. Nor can we offer any guarantees regarding the technology transferred. Licensing fees As a rule, KIST conducts technology valuations but also complies with government policies in determining licensing fees. Payment Breakdown Payment consists of the initial payment, running royalty, and minimum payment. Milestones may accrue for additional R&D or payment agreements regarding third-party usage of the technology. - INITIAL PAYMENT: A flat rate regardless of the amount of production or sales of the transferred technology; SMEs may sometimes pay in installments, depending on their financial status. However, 30% of the total initial payment must be given at the time of signing the contract. - RUNNING ROYALTY: Calculated as soon as sales of the technology begin Payment is made every March (starting with the first March following the initial production) in an amount reflecting the agreed-upon percentage of total sales. - MINIMUM PAYMENT: Minimum payment takes effect when the running royalty falls below a certain amount Granting Licenses As a public research institute, KIST offers non-exclusive licenses to help ensure that as many companies benefit from our research outcomes as possible. Technology Transfer KIST offers standardized licensing agreements to ensure fairness and transparency, and to publicly disseminate research outcomes in order to prevent them from languishing.
