YU (President Noh Seok-kyun) will pursue the commercialization of outstanding technologies that the university possesses with the support of the government.

 On the 13th, YU was selected for the ‘University Creative Asset Commercialization Support Project’ hosted by the Ministry of Education and National Research Foundation and will receive a 770 million won per year for a total of 2.3 billion won for three years. In this project, YU was selected as first place in the Daegu-Gyeongbuk region for the industry-academic cooperation team innovative project sector by organizing a consortium with Kyungpook National University.

 This project was designed to resolve difficulties in technological commercialization for universities that create excellent research infrastructure and research achievements, but not having enough development expenses after transferring technologies.

 A total of 30 project groups (59 universities) applied for the industry-academic cooperation team innovation-type and research center innovation type sectors, and the final decision was made after the first stage written evaluation (quantitative and qualitative) and second stage presentation evaluation (qualitative) for one month starting in April.

 Including the YU-Kyungpook National University consortium, a total of 18 project teams such as △ Kangwon University (Inha University, Hallym University, Gangeung-Wonju National University), △ Konkuk University (Catholic University of Korea) △ Korea University △ Gyeongsang National University (Changwon National University, Inje University, Sunchon National University) △ Kyunghee University △ Pusan National University (University of Ulsan, Pukyong National University, Korea Maritime and Ocean University, Dong-eui University) △ Seogang University △ Seoul National University △ Sungkyunkwan University △ Aju University (Seoul National University of Science and Technology, Dankook University Jukjeon Campus, Kookmin University) △ Yonsei University △ Chonnam National University (Chonbuk National University, Jeju National University, Wonkwang University) △ Chung-Ang University (Ewha Womens University, Dongguk University) △ Pohang University of Science and Technology △ Chungnam National University (Konyang University, Soonchunhyang University, Hannam University, Hankyong National University) △ Chungbuk National University (Korea National University of Transportation, Hanbat University, Sun Moon University, Korea University of Technology and Education) and △Hanyang University Seoul Campus (Hanyang University ERICA, Sejong University). Seoul National University and Chonbuk National University were selected for the research center innovation-type project. 

 By being selected for this project, YU is planning to pursue commercialization focusing on the renewable energy, pharmaceutical bio, treatment instrument and diagnostic instrument sectors. With this, YU has become able to collect and analyze domestic and international industrial and research and development trends, follow-up R&D on commercialization, and overseas patent designs with the support of the government. It is also expected by being manned with personnel exclusively working on commercialization such as patent attorneys and industry trend experts, it will be possible to carry on with follow-up research and production of prototypes that converges the different fields.