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Can a foreigner apply?
Yes, with conditions
Foreigners are not excluded, but the announcement attaches requirements β residency, a Korean entity, a visa status or a partner. Read the conditions before you spend time on this.
Open to both domestic companies and foreign-invested companies that meet the occupancy qualifications under the Act on Agglomeration and Factory Establishment. "Startup (BI) companies" must be SMEs established within the last 7 years (from business commencement date to application date). "Growth (POST-BI) companies" are those established 7+ years ago. Eligible industry sectors include advanced manufacturing (health functional foods, chemicals, pharmaceuticals, metal processing, electronics, medical instruments, electrical equipment, machinery, automobiles, transport equipment), R&D services, professional services, software development, and information services. Restricted industries: facilities emitting specific hazardous air/water pollutants, odor-emitting facilities, and hazardous chemical/waste facilities. University employees and their immediate family members cannot apply.
Funding
β©2261λ§
Deadline
2026-12-31D-84
Duration
Initial 2-year lease; renewable every 2 years up to max. 10 years
Discounted office/lab space in the Campus Innovation Park: rent is 30% below market (for startup (BI) enterprises) or 20% below market (for growth (POST-BI) enterprises). Deposit and monthly rent amounts vary by unit (see unit details). Basic management fee approx. KRW 2,500/γ‘ per month (subject to change). Initial lease 2 years; renewable every 2 years up to a maximum of 10 years subject to maintaining eligibility and lease compliance. Units may be equipped with fume hood exhaust, gas piping, and EHP or GHP HVAC as specified per unit.
Eligibility for most Korean programs depends on your visa status and company age. Create a free profile to see which programs match your situation β plus 3 free deadline alerts.
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