Knowledge Partnership Korea Fund for Technology and Innovation

The knowledge Partnership Korea Fund for Technology and Innovation (KFT) is based on an initial contribution of US$25 million from the government of the Republic of Korea in 2005, with a commitment of an additional US$25 million.

The main objective of the KFT is to develop the portfolio of the Bank loan and technical assistance activities on S&T and innovation related projects and to enhance the countries' capacity to generate such projects. The Fund is established to ensure that such projects effectively contribute to the strengthening of the performance of innovation system at national and regional levels, thereby increasing their competitiveness and easing their efficient integration into global markets. The KFP addressed the pressing need of technical assistance for solid analytical work, sector analyses, diagnostics, and assessments at both country and regioanal levels to establish effective policy priorities, inform Bank efforts with respect to country strategies, and complement and galvanize lending for science and technology innovation.

Operational Guidelines