The Korean Intellectual Property Office (KIPO, Commissioner Young-min Kim) announced that it would start a project in collaboration with the recently opened Creative Economy Town to help clarify and develop the creative ideas submitted by members of the public into new business start-ups and commercial products.
Creative Economy Town is a web portal for the creative economy enabling people to freely participate in proposing, developing, and commercializing ideas.
Within two weeks of opening, Creative Economy Town gained popularity, receiving over 1,200 proposals for ideas from members of the public.
KIPO will screen and evaluate the ideas gathered from the Creative Economy Town to decide whether they contain any technological innovations and have the potential to be competitive in current markets. Through these processes, a decision will be made on the best ideas to support.
A consulting team composed of experts in the field of patent analysis, TRIZ, and technology commercialization will provide support for the selected ideas for a month to help with developing ideas and securing intellectual property rights.
In addition, KIPO has prepared a separate process to support and link prominent larger scale ideas with technological potential to manufacturers who are able to assist with turning ideas into products.
Those proposing practical ideas, which are transformed through the incubation process, will be offered a mentoring service from the Ministry of Science, ICT, and Future Planning to help bring the ideas to market and support the creation of business start-ups. For the best ideas, additional expert support for marketing and business registration will be provided on top of the basic support for manufacturing trial products.
The most striking characteristic of this project is that support is available for ideas in the initial stage of development, based on the realization that most innovative products to make major changes in the world have started out as unrealized ideas and dreams.
The user interface and multi-touch features of the iPhone, which helped kick-start the smartphone era, emerged from Steve Jobs’ simple idea to create a product that can be operated by simply entering information with a finger without the use of a keyboard.
"Creative Economy Town is a detailed platform to create markets and jobs by making use of people’s creativity as a resource. It was established so that anyone with a creative imagination can play a leading role in the creative economy,” KIPO’s Intellectual Property Policy Division Director, Yong-seon Kim said.
(Source: KIPO)
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