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조선대학교 연구처 산학협력단 Industry Academic Cooperation Foundation Chosun University

Developing creative knowledge
and original technology that can lead the world

Industry-Academic Cooperation Foundation
Technology Licensing and Commercialization
Technology Commercialization
Holding Companies
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Technology Commercialization

Definition of Industry-Academia Research Cooperation？Based Technology Holding Company

The term “Industry-Academia Research Cooperation？Based Technology Holding Company” refers to “a company that controls a third company upon holding the third company’s stocks (including stakes; hereinafter, the same shall apply) for the purposes of commercializing the technology prescribed under the Presidential Decree held by an industry-academic cooperation foundation.” (Article 2, Section 8 of the INDUSTRIAL EDUCATION ENHANCEMENT AND INDUSTRY-ACADEMIA-RESEARCH COOPERATION PROMOTION ACT)

A “subsidiary company” refers to a company “established based on the technologies held by a university or research institute, the main business of which is controlled by a technology holding company” (Article 2, Section 9 of the INDUSTRIAL EDUCATION ENHANCEMENT AND INDUSTRY-ACADEMIA-RESEARCH COOPERATION PROMOTION ACT).

Date of Establishment: 2010.11.22

Vision and Business Goal

Maximization of industry-academic cooperation and generation of profit through commercialization of university research results

Establishment of a virtuous cycle of university research results and commercialization

(R&D ▷ IPR acquisition ▷ Technology commercialization ▷ Profit generation)

  • Establishment and Incorporation of Subsidiary Companies

    Commercialization of university or research institute technologies

    Company establishment or acquisition of shares (30% or more)

    Incorporated and limited company

  • Subsidiary Company Management Support

    Registration assistance for research companies

    Direct or indirect support toward technology, management, marketing, and investment attraction

    Establishment and utilization of internal and external cooperative networks

    Assistance in attracting R&D government support or projects

  • Investment and Divestment

    Identification of potential technologies for commercialization

    Project validity evaluation

    Preparation of subsidiary exit strategies (M&A, IPO, profit sharing, stock sales, etc.)

    Patent rights transfer and other tasks

Organization

  • Chosun University Holdings
    • President
      • Auditor Board of Directors
        • Full-Time Director

          • Department of Technology Commercialization

            Investment support to subsidiary companies and others Support for subsidiary companies in acquiring government-funded projects Joint project with other organizations, etc.

          • Department of Strategic Planning

            Establishment of policies regarding technology commercialization Planning for strategic projects Acquisition of financial requirements for projects, etc.

          • Department of Management Support

            Establishment and incorporation of subsidiary companies Support toward subsidiary companies Subsidiary accounting, financial management support, etc.

Work

Establishment and incorporation of subsidiary companies based on technologies from public research organizations (universities, etc.) and support toward registration of research companies

Direct or indirect support toward technology, management, marketing, and investment attraction for subsidiary companies

Support for subsidiary growth through establishment and utilization of internal and external cooperative networks in technology commercialization

Assistance in attracting R&BD government support or projects

Attraction and implementation of government support projects in a technology holding company

Types of Subsidiary Companies

  • New Startup

    신규창업형 이미지

  • Joint Venture

    합작투자형 이미지

  • Investment in Existing Firms

    기존기업 출자형 이미지

Establishment and Incorporation Process

  • Identification of excellent technologies and reception/proposal of the project plan
    Review of the project goal, business value, technological viability, market viability, company type, shares, and other details
  • Project Validity Pre-Evaluation
    Project plan review and field investigation
    Review of the subsidiary company exit plan
  • Technology Valuation
    Required for investments in kind (IPR)
    Through specialized valuation organizations
  • Technology Commercialization Review Committee
    Project validity review
    Decision-making regarding investments in kind (IPR) or money investment
  • Industry-Academic Cooperation Foundation Operating Committee
    Review and confirmation of decisions made by the Technology Commercialization
  • Review Committee
    Holding Company Board Decision
    Decision reached upon the establishment (or incorporation) of the subsidiary company
  • Established/Incorporated Company
    Investment in kind (IPR) or cash
    Contracts signed regarding share acquisition, joint ventures, etc.
  • Management Support and Follow-Up
    Assistance in registration as Special Zone Research Companies
    Subsidiary support and management
    Preparation of subsidiary exit strategies

Establishment and Incorporation Process

Overview of Chosun University Companies: A table detailing the subsidiary companies established under Chosun University or the incorporation thereof
Classification Name President Field Research
1 TBM JEONG Jae-woong Dentistry implants, medical instruments, antibacterial gels, specialized fabric / shield and fluoride patch business, etc.
2 SHIN SUNG TK Lim Eun-seop TOTAL PET CARE SYSTEM (automated pet feeder), automobile components, etc.
3 CSU CHOI Gwan-seon Seaweed and hijiki rice noodles, camellia-scented toothpaste, vitamin shower filter sales, etc.
4 ENT Innovation KIM Ha-sook Automatic lawn mower, autonomous driving sensor control module, and S/W development, education, etc.
5 GRM SHIN Dong-ryul EV traction motor, electric scooter motor, personal mobility axle, etc.
6 RADIAN E&C KIM Beom-gi Nondisruptive electromagnetic guidance, sensor-based fatigue inspection equipment, and others ※ Currently preparing for the transition to bio-automation equipment
7 CUREEARTH CHO Hoon Production and research on bird poison for harmful birds
8 IDEAS Co., Ltd. BAEK Hyeong-rae Shoe disinfection and dryer, mini heater, and other small appliances, IR ▷ development of ultra-wideband (UWB)-based Internet of Things (IoT) home appliances, design, and prototype production
9 BM Tech JEONG Sang-hwa Continuous culture equipment for microorganisms and sales of harvested microorganism culture
10 GNICT YI Seung-geon AR/VR/3D interactive content, VR-based presentation, interview, and training systems
11 Webstech YOON Sang-hyeok IR sensor？based energy management system (EMS) and its applications
12 Healthmed PARK Soon-gu Food, health supplements, and cosmetics using functional pine needle extract s
13 Exocaliber KIM Tae-hyeong Peptide-based exosome production, etc.

Inventor Compensation Policy - “Regulation on Technology Commercialization” Article 7

제Article 7 (Inventor Compensation) Upon the receipt of revenue (dividend, share sales, etc.) made through investments by its holding company or the Gwangju Technology Holdings, the Industry-Academic Cooperation Foundation of Chosun University shall distribute the profits with the deduction of the relevant costs (costs of investment in kind and others; valuation fees not included) in the following manner. The funds distributed to the Industry-Academic Cooperation Foundation shall be used for its tasks, including technology commercialization. 1. Investment in kind: 70% of the profits to the inventor, 30% to the Industry-Academic Cooperation Foundation 2. Investment in cash in the technology transfer compensation (Intellectual Property Rights Management Regulation, Article 21, Section 1, Clause 1) payable to the inventor: Distribution according to the shares held by the inventor and the Industry-Academic Cooperation Foundation

Research Company Registration

Research Company

Research companies are established or incorporated in the Special Research and Development Zones (Daedeok, Gwangju, Daegu, Busan, North Jeolla) for the direct commercialization of technologies developed by public research organizations. They represent new forms of a corporate model that combines the technological prowess of national research organizations and the capital and expertise of private enterprises.

Research Company System

As defined under relevant regulations, the company founder establishes or incorporates companies within the Special Zone for the direct commercialization of the technology he/she holds entirely or jointly. In this case, the founder must invest at least 20% of the capital in the company’s foundation.

Founder

- Public research organizations: National research centers, government-funded research organizations, academic institutions, specialized production or technological research centers, etc.
- Industry-academic cooperation technology holding companies, new technology startup companies, public research organization, cutting-edge technology holding companies

Requirements

- The company must be established or incorporated for the direct commercialization of technology held by the public research organization.
- The founder must hold at least 20% of the company shares. Asset investments include IPRs, money, real property, research facilities and equipment, and other assets transferable and held by the research organization.
- The company headquarters must be located or incorporated within the Special Research and Development Zone.

Research Company Types

- Startup, joint venture, investment in existing firms

Research Company Support

Development and planning: Demand development for research companies, technological matching, and other hands-on support

  • Development of Technology
    Development of Investor
    Development of Entrepreneur
  • 지원사업 아이콘01 Technology and capital matching
  • 지원사업 아이콘02 Technology valuation
  • Technology/company matching
    Incorporation
  • 지원사업 아이콘03 Establishment of research company

Growth (incubation) support: Company status diagnosis, capacity-building, sales support, and other hands-on support

  • TRACK 1 (Common)

    Diagnosis

    Capacity-building and training

    Problem-solving

  • TRACK 2 (Field-Specific)

    Matching

    Field selection

    Growth support (singular, package)

Research Company Support Projects (in 2020)

(Research Company Support [Validation] Project)

  • Scale: Up to KRW 40 million ※ May be subject to change according to the evaluation results
  • Period: Up to four months from the agreement date
  • Items Included: Intensive and personalized support in singular or package form, including product creation, sales channels, and testing and analysis, based on the research company demand
  • Expense Share: 10% or more of the government investment in cash (for SMEs)

[ Technology Commercialization Capacity-Building Project ？ Research Company R&BD ]
< New Support Tasks >

  • Scale: Up to KRW 200 million per year
  • Project Period: Up to four months from the agreement date
  • Support Period: Up to one year from the agreement date

< Follow-Up Development Support >

  • Scale: Up to KRW 300 million per year
  • Support Period: Up to one year from the agreement date
  • Items Included: Prototype reliability evaluation, certification, and other validation work
  • Expense Share: 10% or more of the government investment in cash (for SMEs)

Tax Break Benefits

  • National Tax

    Corporate Tax: 100% for 3 years, 50% for 2 years thereafter

  • Regional Tax*

    Property Tax: Up to 100% for 7 years, 50% for 3 years thereafter

    Acquisition Tax: Exempted

    • * May differ according to the city/provincial/district ordinance on tax benefits
    • ※ “Minimum tax,” as defined under the RESTRICTION OF SPECIAL TAXATION ACT, is not exempted.

Four Specializations of the Gwangju Special Zone

· Environmentally Friendly Automobile Components: Clean diesel, electric vehicle, fuel cell vehicles
· Smart Energy: Smart grid, solar energy, wind energy
· ptical and Electronic Convergence: LED/OLED, optical communications and sensors, smart appliances, 3D convergence
· Medical Materials and Components: Medical equipment, materials, biomedical items
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