Incheon TP Eases Burden on SMEs Responding to 'COVID-19'
Exemption from Business Burden Charges Including Patent Acquisition, 50% Reduction in Rental Management Fees
[Asia Economy Reporter Park Hyesook] Incheon Technopark (Incheon TP) is reducing or significantly easing the corporate burden for some support projects to alleviate the burden on small and medium-sized enterprises (SMEs) in the Incheon area caused by the COVID-19 pandemic.
According to Incheon TP on the 13th, the corporate burden (50%) for the SME Technology Exchange Support Project and the corporate burden (30%) for the Overseas Certification and Patent Acquisition Support Project under the Global Startup Campus project will be fully waived.
In addition, the two months' rent and management fees for April and May will not be charged for 33 resident companies at the Songdo International City Global Startup Campus. The rent and management fees for 62 resident companies at the Dohwa-dong IT Tower Startup Incubation Center and 17 resident companies at the Jemulpo Smart Town (JST) Startup Incubation Center will be reduced by 50% for three months from April to June.
Rent for 22 resident companies at the Namdong Industrial Complex Incheon Comprehensive Business Center will also be reduced by 50% within this month according to Incheon City's guidelines. The delivery fee (2,500 KRW per case) for certified businesses under the Incheon Rural Convergence Industry Support Project will be supported for up to 200 cases.
Furthermore, the restriction on changes to participation support for various domestic exhibitions (previously limited to once) will be removed, and individual overseas exhibition participation support will allow selected companies to withdraw or change the exhibition they participate in.
Group training for the National Human Resources Development Consortium Project will be conducted online, and local consultation meetings for companies selected for the Market Development Group Support Project can be replaced with video consultations.
Additionally, the contract period for the '2020 Startup Leap Package Support Project' has been extended by two months from this month to June to enhance convenience and participation for companies.
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An Incheon TP official stated, "We are actively considering additional support measures to help companies overcome COVID-19, such as reducing equipment usage fees. Also, through the company support information provision site BizOK, we update various support policies related to COVID-19 twice daily to improve the accuracy and speed of information delivery."
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