Innobiz Certification

Concept of Innobiz

Combined word between innovation and business, meaning innovational small businesses with high competitiveness based on high level of technology.
As it is more likely to be chosen with the technology competitiveness through research, future growth is more important than the past performance. Since the new paradigm to increase competitiveness between business and country through technological innovation, the US and German OECD developed countries have started the supporting policies, and this is compared as the standard of measuring competitiveness between countries.

Preferential support

① ① Financial/ taxable
① – capital acquisition tax exemption, grace on regular tax audit, guarantee on financial and technical support and priority support, innovation support project for technology evaluation, insurance on sales bond (Venture, Innobiz agreement), warranty support, credit support, priority trade assurance su ② R&D
– Small business technological innovation development business, product service technology development business, network development business, digitalisation of production site, strengthening capabilities on technology protection, supporting business for technological development. ③ Manpower
– Support on industrial functional agents (manufacturing and production), specialised research agents (research and academic areas), and research agents for technological and innovative small and medium size business ④ Market / Export
– Enterprising on global strong-small business development, operation on exporting incubator, gaining certification in accordance of foreign standards, Asian highway, projects on trade dispatch, qualification of purchase, priority purchase of technology development products, performance certification system, support on broadcasting advertisement, sales on high-quality products for public home shopping (I’mshopping) ⑤ Others
– Annual registration fee reduction / Priority evaluation for new practical applicants

Establishment of laboratory institution for business / Department of research and development

Purpose

Reporting system for establishing laboratory and research department puts its purpose on fostering an independent research organisation inside the business by reporting and approving the organisation that meet all the requirements and on promoting research development of the business by providing benefits to support on their activities.

Contents

1. Financial support (small and medium-size business technical credit guarantee system etc.)
2. Tax support (Tax deduction on research and human resource expenses etc)
3. Custom duty support (80% deduction of custom duty fees when it has proved its import for research purpose)
4. Human resource support (Applying special case for military service)

Certifying the new technology (NET)

Purpose

① The purpose of the project is to promote commercialization and technology transactions of new technologies developed by domestic companies, institutions and universities as well as to enhance the reliability of products developed through the creation of purchasing power.
② NET is supporting entering the market of technology and products obtaining approval of its excellence from the country.
Especially, special favours will be given such as the priority purchase of national and public institutions, support on commercialization, and grant of additional points in government project when participate.

Contents of usage on new technology (NET)

① Support on certificate of new technology
② Support on commercialization
③ Obligation on purchase of small and medium-size business
④ Specialization on government, national institutions, financial institution supporting business

New product (NEP) certification

Purpose

① The purpose of the project is to develop a foundation for early market entry by the creation of purchasing power with promoting commercialization and technology trading of new technology the domestic business, institutions and universities has produced.
② It supports expending market and fasten the technological development of the verified products by approving its excellence on quality and performance through the confirmation from NEP.

Contents of the benefits

① Supports on government and national institution purchase
② Financial support and specialization when applying for government R&D business
③ Specialization on quality verification business
④ Government reward on new technology usage

Green certification

Purpose

The purpose is to create a foundation for achieving the goal of green growth and to induce active participation of private sectors in order to create practical results of green growth policies.

Certification field

① Green technology: 10 promising technologies including renewable energy
② Green technology product confirmation: Products confirmed with application of green technology
③ Green business: 9 promising technology including renewable energy
④ Green business verification: Business with more than 20% of its profit is in accordance of confirmed green technology

Certification Benefits

① Expending financial support for green business
② Supporting markets and marketing
③ Producing foundations for technology business
④ Establishing business boosting system
⑤ Government, national institutions supporting business

MAINBiz Certified

Management innovation?

① It is a combined word of MANAGEMEN, INNOVATION, BUSINESS meaning the confirmed business as innovative operation small and medium size business from venture business
② This is the sysyem impose to train innovative operation business on non-technology areas such as marketing and grouping project.

Purpose

① Train small and medium-sized companies as outstanding companies with new growth powers through activities for innovation.
② Fasten the innovation on production and services by support technologies, finance, and markets to operation innovative businesses

Companies to be evaluated

Business operated more than 3 years

Certification Benefits

① Financial and tax systems
- Deposit rate 0.1% for guarantee of new information
- 15% deduction of insurance fee in sales of the new information
- Guarantee on SGI Seoul depositSGI
- Exemptions on policy funds – financial instruments evaluation on limitations
- Interest service from connected banks
- Putting period on regular tax investigation
- Guaranteed trade discount and flexible limit, and simplified procedure
- Support for loans to small businesses by local governments and preserve interest differences ② R&D
- Additional support on digitalization on production among extension and distribution of smart factories
- Additional support on technology and product development of urban residence ③ Market export
- Loosened the application criteria for global small business development projects
- Additional support on Asian highway business
- Disputing trade promotion teams
- (Delivery Office) Additional support on qualification for purchasing from Nara Market
- (Small and Medium Business Corporation) Operation of export incubator
- (Korea Broadcast Advertising Corporation) Deduction of broadcasting advertisement

(Preparation)Verification of social business

- Concept

Social business refers to a company that is confirmed by the Minister of Employment and Labor as a company that conducts business activities such as production and sales of goods and services and improving the level of standard of living by providing jobs to vulnerables.

- Support system

① Support for human resource fees: Social work place (normal manpower) / Professional manpower
② Support on business development expenses: 100 million won to social enterprises and 50 million won in reserved social business annually
③ Tax support
- 100% reduction in corporation and income tax for three years, and 50% reduction for the next 2 years (Until 19.12.31)
- 50% reduction on acquisition and registration tax, 25% reduction in property tax (Until 18.12.31)
- Dispose the amount of the contributions to the general companies, and individual and connected companies within 10% of the income
④ Financial support: Funds / Policy funds
⑤ Market support: Strengthening competitiveness / Distribution network support / Public purchase

- Conditions for verification

① Group system
② Recruitment of paid worker
③ Realization of social objectives
④ Decision making system within the participation of stakeholder
⑤ Profit from marketing and sales
⑥ Articles of association
⑦ Usage of profit for social purpose