Innovation center to support the development and implementation of information technologies “Mirzo Ulugbek Innovation Center” signed a tripartite memorandum of understanding on 13 November 2017 with the Global Commercialization Center (GCC) and the Global IT Technology Program (ITTP) of the Korean Advanced Institute of Science and Technology (KAIST).

The document was signed by the director of Mirzo Ulugbek Innovation Center Khurshid Sultanov, the director of KAIST GCC professor Choi Mun-ki and the director of KAIST ITTP professor Jaejeung Rho, the press service of the Center reports.

The Memorandum is directed at establishing a general framework for technical cooperation between the parties.

Under the document, the parties plan to develop technical cooperation between Uzbekistan and South Korea to promote the transfer of global technology and commercialization.

Mirzo Ulugbek Innovation Center and ITTP intend to conduct various surveys to identify technological needs.

One of the areas of cooperation will be identification and promotion of promising technologies, which can contribute to the development of economies of the two countries.

The sides plan to develop a business model for commercializing technologies and supporting the participation of companies and agencies in implementing joint projects in Uzbekistan and South Korea.

Within the framework of cooperation, the parties agreed to hold various conferences, forums and seminars on development and commercialization of new technologies.

Director of Mirzo Ulugbek Innovation Center Khurshid Sultanov noted: “We are happy to establish partnership relations with KAIST GCC and KAIST ITTP. KAIST GCC has extensive experience in introducing Korean technologies in various parts of the world, and KAIST ITTP is preparing future leaders in the field of information technology. I hope that our cooperation will contribute to the development of cooperation between Uzbekistan and South Korea, as well as the economy of the two countries.”