Hanwha Aerospace Launches 30 Billion Won R&D Funding and Intellectual Property Sharing System
Hanwha Aerospace has launched a 30 billion Korean won Innovation Performance Sharing System to enhance R&D funding for partners in advanced defense sectors, covering all related costs and facilitating participation from SMEs and startups. Successful partners will retain all outcomes from the first year and receive at least 50% of returns thereafter, while the co-growth fund will increase from 50 billion to 150 billion won. The initiative also includes plans for sharing intellectual property rights and a reduced advance payment guarantee fee system for export contracts.
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Hanwha Aerospace has introduced a 30 billion Korean won Innovation Performance Sharing System to support R&D funding for partners in advanced defense sectors. Announced at a ceremony in Changwon, Gyeongnam, the system covers all R&D costs for partners, including direct expenses and infrastructure needed for advanced R&D and localization of core components.
Successful partners will retain all outcomes from the first year and receive at least 50% of returns thereafter. The initiative allows participation from SMEs and startups in areas like AI and robotics, with plans to share intellectual property rights. Additionally, the co-growth fund will increase from 50 billion to 150 billion Korean won, and Hanwha Aero will implement a reduced advance payment guarantee fee system for export contracts through collaboration with the Defense Industry Mutual Aid Association.
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