Government: "1,000 Research Institute Companies and 10,000 Jobs to Be Created by 2025"

[Asia Economy Reporter Hwang Junho] The government plans to establish an additional 1,000 research institute companies and create 10,000 jobs by 2025.

The Ministry of Science and ICT announced this research institute company innovation growth strategy on the 28th in collaboration with the Presidential Committee on Jobs.

Research institute companies are enterprises established within research and development special zones to commercialize the research outcomes of public research institutions. This commercialization model involves public research institutions actively participating as shareholders, beyond just technology suppliers, in the technology commercialization process.

This strategy was prepared to provide tailored support at each stage, from seed companies to K-Leading research institute companies, going beyond the quantitative growth of establishing 1,000 research institute companies.

The government presented three major promotion strategies and ten tasks to be pursued by 2025: ▲ doubling the number of research institute companies to 2,000, ▲ fostering 100 new K-Leading research institute companies, and ▲ creating 10,000 jobs.

It aims to expand the founding of research institute companies in high-tech new industry sectors and accelerate the transition of traditional manufacturing companies toward innovative growth sectors. The plan includes expanding the establishment of planned research institute companies that reflect the demands of the global market and private venture capital (VC), and supporting the entire process from planning to investment by utilizing specialized regional resources.

A tailored support system by growth stage will also be established. According to the growth stages of research institute companies?'initial → leap → advancement'?comprehensive tailored support and expanded inter-ministerial support linkage will be provided to strengthen corporate capabilities and competitiveness.

The government will newly promote the 'K-Leading Research Institute Company Project' through inter-ministerial collaboration, focusing on nurturing excellent research institute companies related to the top 10 representative tasks of the Korean New Deal, aiming to create 100 K-Leading research institute companies by 2025.

To activate the establishment and investment attraction of medium and large research institute companies, the minimum establishment share ratio of investing institutions (public research institutions), currently set at 10?30% depending on capital size, will be relaxed to 10%. The introduction of a graduation system for research institute companies that deregister due to KOSDAQ listing, etc., will also be pursued.

The Ministry of Science and ICT stated, "We will faithfully implement tailored support by growth stage and comprehensive support through inter-ministerial collaboration in this strategy, so that research institute companies can become core assets for national innovation and regional economic growth."

This content was produced with the assistance of AI translation services.