Korea established the Korea Technology Finance Corporation (KOTEC) in 1989 and designed a unique technology guarantee scheme, which evaluates the potential of technologies owned by companies and provides guarantees based on a technical evaluation. Since then, technology finance has become an effective policy tool to support investment in technology development and innovation that have significant positive externalities on the Korean economy. From 2015 to 2017, as part of the Knowledge Sharing Program (KSP) supported by the Korean government, KOTEC helped the Thailand Credit Guarantee Corporation (TCG) and the National Science and Technology Development Agency (NSTDA) to develop the Thailand Technology Rating System (TTRS) based on Korea¡¯s technology rating system. After the pilot test, Thailand successfully implemented its localized TTRS, and as a result Thailand was able to select 100 promising SMEs and provide financial and non-financial support.
The objective of this knowledge event is to share the key factors, preconditions, and challenges associated with the localization and successful implementation of the technology guarantee scheme. Speakers will share their hands-on experiences and lessons learned from developing and implementing the TTRS. Vietnam¡¯s National Technology Innovation Fund (NATIF) representative will share remarks on the fund¡¯s plans for developing a similar technology rating system for Vietnam.
The recorded video and the presentation files for the webinar are available above.