Office hour / Counseling / FAQ
Office hour / Counseling / FAQ
Q. Can I establish a startup while I’m in school?
According to Article 4 of the Guidelines on Management of Student Startups, students can establish a startup after obtaining approval to engage in extracurricular activities.
Guidelines on Management of Student Startups (Article 4. Launch of Startups by Enrolled Students)
① Students may launch a startup after obtaining approval to engage in extracurricular activities, provided that it does not interfere with their coursework. However, doctoral students who transferred to KAIST as technical research personnel shall be excluded.
② Students interested in launching a startup while enrolled shall prepare the application for extracurricular activities and other necessary documents, and submit them to the Student Support Team in accordance with Article 4 of the Guidelines on Extracurricular Activities of Students.
③ Master’s and doctoral students on the national or KAIST scholarship who launch a startup while enrolled shall submit an application for extracurricular activities instead of the application for change in student classification in accordance with Article 3 (4) of the Guidelines on Change of Student Classification.
Q. I’m considering taking a leave of absence to start a business. Is there another policy besides the general leave of absence?
According to Article 5 of the Guidelines on Management of Student Startups, students on leave of absence can establish a startup.
Guidelines on Management of Student Startups (Article 5. Launch of Startups by Students on Leave)
① Students who take a leave of absence due to startup-related activities may do so for up to four semesters for the bachelor’s program, two semesters for the master’s program, and four semesters for the doctoral program in accordance with Article 52 (3) of the Regulations of the Korea Advanced Institute of Science and Technology. If required, they may extend the leave of absence by up to four semesters.
② Students seeking a leave of absence due to startup-related activities shall submit the application to the Academic Registrar’s Team and obtain approval from the President.
③ Students who take a leave of absence due to startup-related activities shall have the same access to university facilities, including dormitories, as enrolled students.
Q. Can I start a business or participate in a startup support program while serving in the military?
According to Article 30 of the Framework Act on Military Status and Service, a soldier cannot engage in any for-profit activity without permission from the Minister of National Defense. However, it is possible to participate in education or training sessions of startup support programs off-duty.
Article 30 (Ban on Profit-Seeking and Holding Multiple Positions)
(1) A soldier shall not engage in any for-profit activity, other than military service, and shall not concurrently engage in other activity without permission from the Minister of National Defense.
Q. What kind of startup support spaces are there, and what are the details?
A. Startup KAIST provides separate offices and seating assignments for students.
Q. I’m considering starting a business, but I only have ideas and don’t know where to start.
Starting a business not only requires creative ideas, but it also requires competent team members, funds, value propositions through formulating business models, finding customers, and consideration of costs and profits. In addition, you need to find out if there are problems in legal, accounting, intellectual property, and certification areas. It sounds complicated right? Startup KAIST supports students starting a business, and also operates programs where you can indirectly experience startups.
Q. How do I start a business with a patent I filed (or that will be filed)?
Even if it’s a student’s idea or invention, the ownership might be attributed to KAIST in some cases. The Intellectual Property & Tech-transfer Center at KAIST determines the ownership of a student’s invention by considering the specific circumstances. For example, in the following cases, students must consult with the Center about ownership of intellectual property. Please consult with the Center for further details.
Q. Who is eligible for faculty startup review?
*Incorporation*: ① Assuming executive positions (excluding outside director, part-time registered director or auditor)
② Holding more than 50% of the voting stock of a small/medium sized enterprise or venture business set up by a third party
Q. What is the review process for faculty startups?
Q. How long does it take to get the final approval for a faculty startup?
It takes about 2 months to get final approval of the President after going through the preliminary review, Startup Deliberation Committee, and the Department and College Faculty Personnel Deliberation Committee.
Q. What is the work process after getting the approval?
Within 6 months of the final approval, the relevant startup founder must launch a startup. Within 2 months of from the date of incorporation, the startup founder must sign a technology license agreement.
Q. What is the remuneration for dual employment?
According to Article 11 (Remuneration for Faculty/Staff Founder), KAIST may pay salary for faculty or staff members who take a leave of absence or hold two concurrent positions due to startup involvement.
※ According to Article 10 and Article 14 of the Regulations on Business Startup, Faculty founders may be exempt from lectures during their dual employment period, but must conduct academic advising or research following the deliberations of the Department/Major Faculty Personnel Deliberation Committee and College Faculty Personnel Deliberation Committee.
Q. Can I get an office space once I get the final approval?
If there is move-in space available in the Technology Business Incubation Center, recommends startups to TBIC to move into the office.
In addition, TBIC provides virtual offices and other matters to solve the difficulties of early startup founders in finding workplaces.
Q. Are startups allowed to utilize students in the research area?
A student may participate in the research area of a startup company founded by his or her advisor only if the research area of the company is similar to his or her thesis topic.
Q. What administrative measures should be taken to assume executive positions such as outside director, part-time registered director or auditor when holding less than 50% of the voting stock of the startup?
Faculty/staff startup does not apply to faculty or staff members holding executive positions such as outside director, part-time registered director or auditor. Please refer to the Guidelines on Extramural Activities of Faculty and report extramural activities.
Q. Is there a program open to the general public?
The Technology Business Incubation Center operates the Open Venture Lab Program. This program is a pre-acceleration program designed to promote technology startups based on KAIST’s excellent education and research. Please contact TBIC for more details.
Q. Who is eligible to participate in the Open Venture Lab Program?
The Open Venture Lab Program is open to the general public, so prospective entrepreneurs without business registration as of the program announcement can participate. The program is announced at the beginning of the year.
Q. I’m currently working on a similar business in another organization. Can I work on multiple businesses simultaneously?
Yes, you can work on multiple businesses simultaneously. However, mixing up the education and funding item of expenses with other businesses may result in disadvantages.
Q. How does the Open Venture Lab Program agreement take place?
Business agreements are done with teams selected from the Pre-OVL program.
Q. How does the Technology Business Incubation Center recruit move-in companies?
TBIC announces an open notice for move-in on an irregular basis, depending on the available move-in space. The open notice is publicized through the mass media, website of related agencies, TBIC homepage, KAIST homepage, and etc.
Q. What are the available spaces for move-in?
TBIC owns 33㎡(10 pyeong), 50㎡(15 pyeong), 66㎡(20 pyeong) move-in spaces. TBIC assigns move-in space within 99㎡(30 pyeong). The basic rule is to assign 1 room for 1 company, but it can be operated flexibly depending on the matters of the move-in companies.
Q. Who is eligible to move-in to TBIC?
Any prospective entrepreneurs with excellent ideas or private businesses/corporations with less than 3 years of experience are eligible to move-in. However, prospective entrepreneurs must establish their business within 6 months of the date of move-in.
Q. What is the procedure for selecting move-in companies?
Once move-in companies submit a move-in application form and business plan, the application is evaluated based on the facts and evidence of the business plan, and an on-site evaluation is conducted if necessary. After the application evaluation, there will be a presentation evaluation of the CEO presenting the business plan. The review committee does final evaluation and notifies selected companies.
Q. What are the criteria for selecting move-in companies?
Qualitative evaluation is conducted based on the companies’ technicality, marketability, business feasibility, etc.