Research Institute Company Operations
“Research institute company” refers to having single or joint agent in the establishment as determined by law, and is a company that is established within the special zone through investing greater than 20 percent from the capital in order to directly commercialize the technology of their possession. (Special zone law 3 from article 9, Enforcement ordinance article 13)
Research institute company requirements
- Establishing agent: Public research institute (special zone law, article 2) government funded(annually), specific research institute, university, specialized manufacturing technology research institute, the National Defense and Science Institute and etc.
- Possess an objective of directly commercializing the technology of the establishing agent(DGIST)
- The establishing agent(DGIST) possesses a certain percentage of the capital of the research institution alone or jointly.
- Establishment within the special R&D zone
Types of Establishment
Joint Investment start-up Type (Technology investment method of DGIST)
Establishment of new corporate body through the investment of technology from the research institute and the capital from the company
Existing Company Technology Investment Type
Type that receives the technology investment of the research institute to carry out conversion, in increasing the capital of the company
New Business start-up Type
Type of new business start-up through joint investment in which the research institute invests technology and the affiliated researcher invests capital
Tax Reduction
| division | content | |
|---|---|---|
| National Tax | Corporate Tax | 100% for 3 years, then 50% reduction for the following 2 years Applies from the time of taxable income generation. However, automatically applied by force, starting 5 years after the establishment |
| Income Tax | ||
| Local Tax | Property Tax | 100% for 7 years, then 50% reduction for the following 3 years |
| Acquisition Tax Registration Tax |
Exempt | |
Restriction of Special Taxation Act and Daegu Metropolitan City, Dalsung district tax reduction ordinance
Life-cycle support for the development of research institute company
- R&D : Research institute company strategy promotion project
- Commercialization : Development of mass production technology, prototype production, design marketing support
- Investment support : Mirae Holdings, LTD, VC (venture capital) investment support
- Brand image : Utilize research institute company brand image
DGIST Support System
Direct support of DGIST (when entering as a resident company of DGIST Office of University-Industry Cooperation)
- 50% discount in rent when entering as a resident company of the Office of University-Industry Cooperation
- 20% discount in usage fee of equipment from the Central equipment center
- Appointment of DGIST researcher / professor as the technology investment(research institute) company mentor
