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Complex

Procedures

Welcome to the Daegu-Gyeongbuk Medical Cluster, the future of the global medical industry!

Invest in Medivalley,for a future Korea beyond imagination!

Resident eligibility

Resident eligibility for institutions

Resident eligibility for institutions

  • Institutions established with the purpose of medical R&D
  • Institutions with departments responsible for medical R&D
    • Medical institutions
    • [Universities as per Article 2 of the Higher Education Act]
    • Research institutions
      ※ Research institutes attached to institutions that specialize in pharmaceuticals, medical devices, and/or the healthcare technology industry
    • Government-sponsored institutions
      ※ Institutions that specialize in pharmaceuticals, medical devices, and/or the healthcare technology development

Resident restrictions

  • Institutions that are deemed by the Ministry of Health and Welfare to be incompatible with the purpose of Medivalley, or those that are deemed ineligible due to other circumstances (pollution/water concerns, etc.)

Resident eligibility criteria

Institutions that are able to build facilities that meet the requirements and purpose of Medivalley as written in its Residence and Management Plan,
and that are able to obtain the proper licenses, permits, and/or registration for individual facilities according to all related laws

Researcher personnel criteria

  • Eligible residents must have on staff three researchers who are solely engaged in medical R&D, without being responsible for any additional tasks such as business or sales.
    ※ Only one researcher is required if resident in question is a venture company as per Article 2 of the Act on Special Measures for the Promotion of Venture Businesses

Research facility criteria

  • Residents must possess the following facilities for the performance of medical R&D
    • One or more research rooms
    • Research equipment, including experimental devices and electronic recording media, that can be exclusively used by the researchers
    • Air cleaners and air conditioning and heating facilities

Move-in procedures and resident selection methods

Move-in procedures

  • Move-in procedures
    Receipt of application
    Resident application agency
  • Residence screening
    Daegu-Gyeongbuk
    Medical Cluster
    Residence Screening Committee
  • Residence approval
    Ministry of Health and Welfare
  • Notification of screening results
    DGMIF
  • Signing of residence agreement
    Resident institution <-> DGMIF
  • Distribution (rental space)
    Signing of agreement
    Resident institution <->
    Korea Land & Housing Corporation <->
    Management institution