Ley 1838 de 2017 | Ley 1838 de 2017 — Colombia law | Esheria

Ley 1838 de 2017

This provision identifies Law 1838 of 2017, which states that it promotes science, technology, and innovation through the creation of technology-based companies (Spin Offs) and related measures.

Jurisdiction
Colombia
Instrument
Act or statute
Citation
Ley 1838 de 2017
Version
Undated source snapshot
Language
es
Updated
Official source
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company formation compensation compliance employment higher education higher education administration higher education institutions knowledge transfer public funding regulatory change research and development research commercialization science and technology innovation spin-off companies spin-offs startup formation technology-based ventures

Statute overview

About this statute

This provision identifies Law 1838 of 2017, which states that it promotes science, technology, and innovation through the creation of technology-based companies (Spin Offs) and related measures. This article says the law aims to promote innovative, high-value entrepreneurship in higher education institutions and defines a Spin-off. Las instituciones de educación superior may create spin-off companies, and certain public teacher/research staff may join or create them, subject to the stated conditions. Docentes o investigadores que formen parte de una Spin-Off pueden participar en los beneficios económicos; esa participación no cuenta como factor salarial ni como doble asignación del tesoro público. Las IES may create a fund to promote science, technology and innovation activities when spin-off companies are based on publicly funded results; in that case, the spin-off companies must return an agreed percentage and contribution period to the relevant IES.

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