Blog » Korea Technology Finance Corporation: Technology Appraisal and Credit Guarantees for Tech-Based SMEs
Established in 1989, the Korea Technology Finance Corporation (KOTEC) provides technology ratings and credit guarantees to technologically viable but collateral-constrained startups and SMEs. KOTEC’s rating system, KTRS, uses its own technology valuation methodologies to better assess commercial viability, technological competency, marketability, and associated risks of technology projects to determine the value of intangible assets owned by client SMEs. On the basis of its technology appraisal service, KOTEC has also rolled out a new set of innovation-support schemes including equity investment, technology transfer, and startup incubation. KOTEC supported the governments of Thailand, Vietnam, and Peru to design a technology rating and/or guarantee system.