Venture Enterprise Glossary
Key terms related to Korea's venture enterprise system, explained clearly.
Innobiz
Innobiz
Technology innovation SME certification. Separate from venture certification but similar in evaluat…
Innovative Growth Type
Innovative Growth Type
Certification type for enterprises with excellent technological innovation capabilities, evaluated …
Mainbiz
Mainbiz
Management innovation SME certification. Granted to SMEs creating results through management innova…
Pre-Venture Enterprise
Pre-Venture Enterprise
A system where enterprises before or within 3 years of business start can receive preliminary ventu…
R&D Type
R&D Type
Certification type for enterprises with in-house R&D centers spending 5-10%+ of revenue on R&D, eva…
Venture Confirmation Agency
Venture Confirmation Agency
Agencies performing venture certification: KIBO (Korea Technology Finance Corporation), SBC (Small …
Venture Confirmation Certificate
Venture Confirmation Certificate
Official document proving venture enterprise certification. Valid for 3 years, renewable before exp…
Venture Confirmation System
Venture Confirmation System
Online venture enterprise confirmation application and management system operated by MSS (smes.go.k…
Venture Enterprise
Venture Enterprise
An enterprise certified under the Special Act on Fostering Venture Enterprises, recognized for its …
Venture Enterprise Cluster Facility
Venture Enterprise Cluster Facility
Facilities designated for venture enterprise tenancy with acquisition tax and property tax reductio…
Venture Enterprise Promotion District
Venture Enterprise Promotion District
Special districts designated for venture enterprise clustering, providing tax reductions and rental…
Venture Investment Type
Venture Investment Type
Certification type for enterprises that have received investment of 10% or more of capital from VCs…