Reason for proposal and main contents

Since the introduction of the Industry-Academy Cooperation Technology Holding Company system, the number of such companies has steadily increased. The system has also accelerated technology transfer and commercialization by facilitating the exploration of excellent technologies from universities, enhancing new technologies and competitiveness in the field of new industrial technologies, and diversifying new paths of revenue generation for universities.

However, regulations such as those related to the need to maintain the mandatory requirements for the founding of “Industry-Academy Cooperation Technology Holding Companies” and to maintain the mandatory shareholding ratio of their subsidiaries have hindered the revitalization of industry-academia cooperation technology holding companies and their subsidiaries by shrinking active cash investment and making it difficult their promising subsidiaries to survive.

In response, the proposed amendment aims to correct the deficiencies of the current system while promoting the revitalization of industry-academia-research cooperation technology holding companies, by providing the basis for approving changes in such companies and relaxing the regulatory framework, including relaxing both the ratio of in-kind investment in technology holding companies and the mandatory shareholding ratio of subsidiaries (Draft Article 36-2, 36-4, 36-5, and 36-8).