KAIST and KOLON opened the “Lifestyle Innovation Center” on the 6th of September this year. The ceremony was held at KAIST where the MOU for developing new industries was also signed.
The opening ceremony was attended by Chairman of KOLON Lee Eung Yeul and CEO’s of other various affiliate companies like Kim Nam Soo, Bae Young Ho, Park Dong Moon, and etc. and also President of KAIST Seo Nam Pyo along with professors who will participate like Professor Lee Young Hoon, Professor Joo Dae Joon, Professor Bae Kyung Wook, and Vice President of KAIST Jo Dong Ho.
The KOLON-KAIST Lifestyle Innovation Center (referred to as KOLON LSI Center) was developed under instructions from Chairman of KOLON Lee Eung Yeul wishing for the active cooperation and transfers of technologies with KAIST and, as a result, creating a domestic technology transfer network. The two institutes will be working together in finding highly promising fields of industry (with high risk but also high return) through research and development, technological advices, competitive exhibitions, and workshops.
Chairman of KOLON Lee Eung Yeul stated that “it is imperative to increase the success rate of new business and shorten the time frame of starting a new business by encouraging the business community to launch startups more and for the executive community including policy makers to support such endeavors” and that “the KOLON LSI Center will create a positive synergy to that end.”
President Seo Nam Pyo commented that, “KOLON-KAIST LSI Center is different even at the conceptual level” and that “I am confident that it will be a great success as it is the first of specialized joint labs in Korea that encourages professors and researchers of companies to conduct joint research programs.”
LSI Center was founded and will be administered by the Collective Contribution from KOLON, KOLON Industry, and KOLON GloTech, investing 7.5billion Korean Won over the course of 5 years.
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