Can I check venture company requirements through startup legal consulting?

A "venture company" refers to a small and medium-sized enterprise that has relatively higher technological capability or growth potential compared to other companies and is recognized by the government as needing support.

For venture company support, support can be received if it falls under any one of the venture investment type, R&D type, innovation growth type, or preliminary venture company.

■ Venture investment type

A company where the total amount of investment in the company by a person who falls under a small and medium-sized enterprise startup investment company, etc. is 50 million won or more, and the ratio of the total investment amount to the company's capital is 10/100 or more

■ R&D type

A company with annual R&D expenses of 50 million won or more, the ratio of total R&D expenses to annual total sales of 5/100 or more, and recognized as having business viability by the Korea SMEs and Startups Agency, etc.

■ Innovation growth type, preliminary venture company

A company evaluated as having excellent technological innovation and business growth potential by venture company confirmation institutions such as the Korea Institute of Science and Technology Information, the Korea Invention Promotion Association, and the Korea Institute of Industrial Technology

If you want to be confirmed as a venture company according to this classification, you must be confirmed through a confirmation application from the head of the venture company confirmation institution.

It may be good to receive startup legal consulting to thoroughly review this in advance.

After application, in terms of corporate legal affairs, you go through confirmation according to the type, such as technology examination and business viability examination.

For effective company operation after being recognized as a venture company, I would also recommend conducting various legal reviews in parallel by receiving startup legal consulting.