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The Korea Institute for Advancement of Technology (KIAT), based in Seoul, South Korea, is a government-funded quasi-public institution that establishes industrial technology policies and strengthens the foundation for technological innovation by connecting businesses, research centers, and government. Operating under the Ministry of Trade, Industry and Energy (MOTIE), KIAT executes national programs like the International Technology Cooperation Program, fostering a win-win industrial technology ecosystem. It provides funding and support programs for industrial R&D, primarily serving Korean companies, universities, and public research institutes, with a focus on manufacturing and industrial transformation. Key figures associated with the organization include Kim Yong-geun, its first director, and Joosuk Jason Kang, who leads the KIAT Europe Office. KIAT was established on May 4, 2009. Its business model centers on government-funded quasi-public institution under the Ministry of Trade, Industry and Energy , executing national programs like the International Technology Cooperation Program.
Korea Institute for Advancement of Technology has 1 tracked investment across 1 company. The latest tracked deal is $3.1M Other Equity in Terapet in October 2023.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Oct 16, 2023 | Terapet | $3.1M Other Equity | Innosuisse, Korea Institute For Advancement OF Technology | — |