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SPARK KU-MAGIC (Technology Commercialization Program)


1. Business Purpose

  • Establish a new roadmap for KU-MAGIC’s incubation program to connect excellent research findings with technology consumers in the bio-medical area and support related processes
  • Offer mentoring services through the advisory group, which includes investment firms and working-level professionals for each research area, build a foundation for effective technology commercialization and the establishment of startups, boost startups, and create a framework for profit generation and innovation
  • Manage KU’s research findings and performance in the bio-medical area and strengthen organizational capacity

2. History

  • November 2015 Established Korea University-Medical Applied R&D Global Initiative Center (KU-MAGIC) – supervised and coordinated the project
  • July 2016 Signed an MOU with the SPARK program of Stanford University in the U.S.
  • February 2017 Benchmarked the SPARK Taiwan program
  • Present Develop a plan for the program and execute a pilot project

3. Implementation System


4. Implementation Directions

  • Ensure that science, technology and R&D project plans are aligned with national bio policies
  • Identify promising research topics for technology commercialization by KU-MAGIC’s research area
  • Build a mentoring group by selected research topic to promote efficiency and accelerate performance
  • Advance business management systems and expand administrative support for commercialization and startups

5. Implementation Strategies – Research Topic Identification

  • MAGIC Research Support Project
  • Project period: Two years in total (1+1)
  • Project purpose: Acquire core and original technologies and promote creativity in research
  • Support Area: Biomedical areas (five): virus/infectious diseases, future medical device, precision medicine, smart aging, big data and AI
  • > Free topics within the biomedical field and bottom-up support
  • Beneficiaries: KU researchers in biomedicine
  • Support Details: Two types by research progress
  • > Type A (R&D support for commercialization): For studies near commercialization and ready to develop prototypes (TRL 5-6 stages)
  • >Type B (Support for startup investment): For studies ready to start a business or already embodied into a startup (TRL 7 stage or above)

6. Implementation Strategies –Mentoring Service Support

  • Purpose: Offer mentoring services to KU biomedical researchers to enhance their capabilities to market technologies and promote effective technology transfer and startup
  • Composition of the Advisory Group for mentoring services:

    -> (Build a pool of advisor candidates) Harness the pool of related professionals that the Technology Business Division has established
    · Experts with business experience working at venture capital or technology
    to-market organizations/groups or angel investors, patent and accounting experts
    > (Composition of the Advisory Group) Build a team with experts tailored to each project, including research director
    · Research director should enhance the probabilities of success by allocating advisors befitting to each project. · The Advisory Group should include an expert from the investment group.