KEPCO establishes 5 new research institute companies… Energy venture startup support

▲ KEPCO decided to establish five new research institutes.  Ⓒ Safetimes DB
▲ KEPCO decided to establish five new research institutes. Ⓒ Safetimes DB

KEPCO announced on the 23rd that it has decided to establish five new research institutes through the board of directors.

A research institute company is a company established in a special R&D zone by directly contributing more than 20% of the established capital to commercialize technology developed by public research institutes such as government-funded research institutes and universities. The government provides corporations with corporate tax cuts.

Since 2018, KEPCO has been designated as an institute to commercialize its own technology as a venture company in the energy field, and has established 13 research institute companies so far.

Looking at the business details of the research institute established so far,’power user behavior and life pattern analysis service using power data’,’intelligent remote meter reading infrastructure element technology such as integrated security chip manufacturing’, and’digital twin-based augmented reality implementation It has been commercialized as a venture business in the new energy industry, such as’equipment management’.

Two of the five research institutes decided to be established this year are expected to be established in the Jiangsu R&D Special Zone in Naju.

The Jiangsu Special R&D Zone is a system that designates and fosters small-scale and high-density intensive spaces as special R&D zones, centered on major technology core institutions located in regions such as universities, research institutes and public enterprises.

In August, KEPCO plans to develop the Jeonnam-Naju Jiangsu R&D Zone, which was designated as the Naju Innovation City Industry-Academic Research Cluster and the Naju Innovation Industrial Complex, as the nation’s first public enterprise type Jiangsu Special Zone business model and foster it as a regional innovation growth base.

KEPCO discussed various ways to support the creation of results as an invested company regarding the management difficulties of venture companies in the early stages of their start-up through a meeting with the management of eight research institutes established last year.

A KEPCO official said, “For the development of the new energy industry, we will continue to promote R&D commercialization so that a virtuous cycle model leading to the development of new energy technologies, transfer of start-up technology, and commercialization can be established.” Ⓒ Safe Times

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