For Immediate Release: Monday, May 22, 2023
Contact: Jason Conwall | email@example.com | (518) 956-7373
The New York Center for Research, Economic Advancement, Science, Technology and Engineering (NY CREATES) and the Korea Institute of Advancement of Technology (KIAT) recently signed a Joint Declaration to promote collaboration and partnership between the two organizations in the field of technological innovation, with a primary focus on semiconductors. The agreement was signed last month in Washington, D.C., during the official state visit of Republic of Korea President Yoon Suk Yeol. At the signing ceremony, NY CREATES President David Anderson and KIAT President Byung-joo Min were joined by U.S. Secretary of Commerce Gina Raimondo and Republic of Korea Minister of Technology, Industry, and Energy Lee Chang Yang.
“The semiconductor industry is global and as we work to boost domestic research and production, it remains critically important for U.S. organizations like NY CREATES to partner and collaborate with international allies like the KIAT – the country’s premier institute for promoting innovation in industrial technology,” said David Anderson, President, NY CREATES. “This is the latest example of our successful efforts to establish partnerships with leading organizations from around the world and opens the door for Korean companies to come to New York, where we have established the nation’s most advanced research and development facilities and a thriving semiconductor ecosystem.”
The new agreement establishes a formal partnership that offers a unique framework for promoting collaboration between U.S. entities and Republic of Korea companies and research institutes. As part of the agreement, NY CREATES and KIAT will organize joint seminars, meetings, and other activities to promote cooperation in innovation, education, and workforce development between companies and educational institutions from Korea and New York.
NY CREATES will support the U.S. component of the collaboration by providing access to its world-leading facilities for R&D and prototyping – the Albany NanoTech Complex – as well as scientists and researchers. NY CREATES has an established history of serving as a commercialization facilitator in advanced digital, analog and power technologies and helps to accelerate the growth of high-value, high-technology companies.
About NY CREATES
NY CREATES serves as New York’s bridge to the advanced electronics industry. As the primary resource for fostering public-private and academic partnerships in New York State, NY CREATES attracts and leads industry-connected innovation and commercialization projects that secure significant investment, advance R&D in emerging technologies, and generate the jobs of tomorrow. NY CREATES runs some of the most advanced facilities in the world, boasts more than 2,700 industry experts and faculty, and manages public and private investments of more than $20 billion – placing it at the global epicenter of high-tech innovation and commercialization. Learn more at ny-creates.org.