Act for Establishment and Administration of Science Parks Article 4

The term "science-based enterprise" in this Act means an enterprise that has been officially approved for establishment in the park involved in innovation, manufacturing, and research and development (R&D) of high-tech products or services.The science-based enterprise characterized in the preceding paragraph shall be in a type of a company, branch or other commercial organization duly incorporated or recognized according to law. Its investment plans shall coordinate with industrial development of the country capable of using or cultivating more native scientific and technological professionals. Besides, the funds invested by such a science-based enterprise into R&D shall be above a specified percentage of its business turnover and shall meet any one of the following requirements:(1) The enrolled science-based enterprises shall embody full designing capability of products or services and undergo integrated development plans.(2) The products or services shall pass through initial research and development phase and proceed to continued development and progress.(3) The products or services shall have potentiality for prospective development and innovation.(4) The enrolled science-based enterprises shall engage in high-level of technology innovation, research, and development work.(5) The enrolled science-based enterprises shall bring in and cultivate high-level of science and technology professionals. Higher ratios of R&D investment shall be involved in the process of manufacturing or technology R&D.(6) The operation of enrolled enterprises shall contribute significantly to domestic economic development or national defense.