Bangkok--28 Oct--Finance General Information Group
TCG-SIPA bringing world-class guru in “credit-guarantee” from South Korea to back up public-private sector’s effort to support SMEs with creative software innovation to appraise the value of intellectual property by kicking off Thailand-first ever “Access to Funding of Technology and Software Entrepreneurs Seminar: Experience Sharing”
Thai Credit Guarantee Corporation (TCG) and Software Industry Promotion Agency (Public Organization) (SIPA) join forces to support SMEs in creative technology and software innovation sector by inviting “Korea Technology Finance Corporation (KOTEC), an international credit-guarantee expert from Republic of Korea (South Korea) or widely known as KIBO, to exchange their experience in providing credit guarantee service at the seminar entitled “Access to Funding of Technology and Software Entrepreneurs: Experience Sharing”. Being the first of its kind in Thailand, the seminar is designed to transfer the knowhow regarding credit-guarantee model to appraise the intellectual property value and help SMEs to gain access to various forms of funding. The seminar will be held from 28-29 October 2014 at Sofitel SO Bangkok Hotel, Rama IV Road.
Mr. Vallobh Tejapaibul, President of Thai Credit Guarantee Corporation, said that “Access to Funding of Technology and Software Entrepreneurs Seminar: Experience Sharing” will provide a good opportunity for small and medium sized entrepreneurs to leverage their business success in technological and software innovation sector, contributing to the effort to develop the Thai economy. Senior officers from the Finance Ministry, the Bank of Thailand, the Ministry of Communication and Information Technology, the Industry Ministry, the Office of Small and Medium Enterprises Promotion as well as the representatives from financial institutions and the media are invited to attend the seminar to enhance their knowledge and understanding about the benefit of credit guarantee which has increasingly become important to Thai economic development.
The seminar has two objects.
1. To enable the public and private sectors as well as the financial institutions to understand the direction to support SMEs in line with the government’s policy and the experience from the South Korean technological and innovation sector; and apply them to support and develop Thai SMEs in technological and innovative sector. Consequently, Thai SMEs will prosper in a sustainable manner.
2. To enable SMEs with promising technology and innovation to access to funding whereas TCG will be the agency to guarantee the credit for them.
Mr. Kim Won Sik, Senior Director of Central Technology Appraisal Institute, said that, during this seminar, KOTEC is ready to transfer the knowledge and exchange the experience in credit guarantee in four topics as follows:
1 “Technology Finance System for Supporting Innovative South Korean SMEs” by Mr. Hyung KyungJin; Senior Manager of International Business Office, KOTEC.
2 “KOTEC’s Role as an Innovation Platform for Creative Economy” by Mr. Hyung KyungJin
3 “KOTEC’s Technology Finance and Guarantee Program” by Dr.Yi Hyung Seung; Deputy General Manager of Central Technology Appraisal Institute, KOTEC.
4 “KOTEC’s Technology Appraisal and Valuation System” by Dr.Jeong, Il Jun; Deputy Director of International Business Office, KOTEC.
These four topics will be the key mechanism to lay down the foundation for the country’s development and strengthen the economic security in a sustainable manner.
Korea Technology Finance Corporation (KOTEC) or KIBO is a credit-guarantee agency and a specialized institution. KOTEC was founded by the Korean Government as a non-profit credit guarantee institution under the special enactment, "Financial Assistance to New Technology Businesses Act". The agency has a mission to provide full scale supports to SMEs and venture businesses with competitive technology, innovation, and other knowledge-based business contents at all growth stages according to the government’s policy to support economic growth of the country. The mission of KOTEC is to take a lead in converting Korean economy to be creative and innovative.