The Ministry of Science, ICT and Future Planning announced on Sept. 16 that it selected 25 future leaders to participate in the Korea-U.S. Biotechnology Creative Economy Leader Training Project that starts this year in partnership with the National Institutes of Health (NIH).

This program’s purpose is to help Korean researchers to conduct joint studies at the NIH while taking part in technology transfer education sessions so that they can enhance their start-up and technology transfer capabilities as venture entrepreneurs. Up to 65 million won (US$62,385) is provided for two years for each of the beneficiaries, who are scheduled to join research activities at the NIH’s National Cancer Institute (NCI), National Institute on Aging (NIA), and the like and learn about intellectual property rights, technology marketing, and business negotiations at the Office of Technology Transfer (OTT) of the NIH from December this year.

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