IFIA and KISTA Meeting in Seoul, Republic of Korea

Korea Intellectual Property Strategy Agency (KISTA) is an institution that supports intellectual property strategies necessary for the national R&D cycle, such as providing private R&D support, managing patent performances, utilizing lab notebooks, commercializing technology discovery, revitalizing ecosystems, dispatching experts, and managing technology trusts.

Since 2010, KISTA has been supporting R&D strategies focused on IP for companies, universities, and public research institutions to achieve qualitative and quantitative growth of patents and R&D in Korea. Through hard work, they have been improving our position as an institution specializing in the IP sector. As a result, they were designated as a ‘Patent Management Agency for Government R&D Patents Performance’ in 2010, a ‘Technology Evaluation Agency’ in 2011, and an ‘Institution for Examination of Industrial Property Rights’ in 2013.

Importantly, Korea Intellectual Property Strategy Agency formulates and helps implement national IP strategies, supports the alignment of IP-R&D strategies for private and public entities, helps with the acquisition and management of patents, stimulates the trading and exchange of IP, assists with the fundamental utilization of IP, and provides various other practical support. They are also continuously developing methodologies to foster IP strategy experts proficient in R&D and IP who will develop and execute corporate and national IP strategies.
In Korea, the president of the International Federation of Inventors’ Associations, Mr. Alireza Rastegar, and KISTA president, Mr.Lee Jae-Woo, discussed the current circumstances of startups, inventions, and innovations. In this meeting, there was a discussion about the issues as mentioned above, their IP, and how they should use their intellectual property rights.
Moreover, it was discussed that IFIA Technology Transfer Offices could cooperate with this group and create joint work with the offices of IFIA in Brazil and India so that they can share their experiences and provide training courses for successful startups, knowledge-based companies, and eager inventors and innovators. Also, the president of Korea Intellectual Property Strategy Agency, Mr.Lee Jae-Woo, introduced their capacity and history in the field of intellectual property and how they can help IFIA and inventors from around the world.

Lastly, IFIA hopes that this meeting will lead to significant cooperation between the International Federation of Inventors’ Associations and the Korea Intellectual Property Strategy Agency by keeping the ecosystem of invention and innovation alive and improving intellectual property matters.