“There are many venture companies in Israel. I believe that this is not just because Israel excels in source technology but also because Israel has unique capability in commercializing technology and utilizing entrepreneur spirit. It is time to think about these issues in Korea too.”
As Korea and Israel have various technology cooperation models for mutual benefits, Dr. Eli Opper (Chief Scientist of Ministry of Industry, Trade and Labor, Israel) suggested Korea should achieve further economic growth through technology commercialization.
Dr. Opper said, “It is reckless to develop all kinds of technologies for a single nation or company.” He added, “It is very important to strengthen connection and bilateral knowledge transfer between industry and academia, which should lead to commercialization of technology and generate profits in business terms.”
Dr. Opper also emphasized the importance of expanding “Korea-Israel Industrial Joint R&D Projects” jointly funded and operated by Ministry of Knowledge Economy (MKE), Korea and Ministry of Industry, Trade and Labor, Israel. He mentioned, “Korea and Israel can advance into the 3rd country together by generating synergy effects of combining Israel’s technology in renewable energy, biotechnology, electronics and aerospace and Korea’s manufacturing technology of durable consumer goods such as IT and electronics.” He added, “The budget and size of the Korea-Israel Joint R&D Projects should be expanded.”
In regard to the 4th phase of Korea-Israel Joint R&D Program starting in May 2010, Dr. Opper suggested “Korea should work with the Israel’s think tanks such as the Weizmann Institute and Technion University and introduce their ideas and source technology to Korean companies for commercialization or joint R&D in order to have more chance to develop innovative products. “
The Ministry of Knowledge Economy (MKE) is planning to strengthen SMEs’ capability in technology commercialization and generate qualitative employment through 4th Korea-Israel Joint R&D Program. Especially, the MKE will maximize the synergy effects between two countries by searching for Israel’s source technology which can be commercialized by Korean companies. Dr. Opper said, “If both countries’ ideas and technologies with high potential for growth such as green tech, bio and water industry are combined, we can preoccupy the market for global weather change.”