On July 6, 2017, the Congress of the Republic enacted Law 1838 of 2017, which seeks to promote technology and innovation through the creation of technology-based companies (or Spin-offs). For the purposes foreseen in this specific regulation, Spin-offs are understood as any company based on knowledge developed in Higher Education Institutions, that result of their research activities. In particular, Spin-off companies develop knowledge commonly protected by intellectual property rights.
Law 1838 of 2017 establishes the conditions under which Higher Education Institutions can create technology-based companies as well as the terms in which teachers, researchers and individuals may participate in them. Likewise, parameters are established for the creation of Spin-offs companies financed with public resources.
Dentons is the world's first polycentric global law firm. A top 20 firm on the Acritas 2015 Global Elite Brand Index, the Firm is committed to challenging the status quo in delivering consistent and uncompromising quality and value in new and inventive ways. Driven to provide clients a competitive edge, and connected to the communities where its clients want to do business, Dentons knows that understanding local cultures is crucial to successfully completing a deal, resolving a dispute or solving a business challenge. Now the world's largest law firm, Dentons' global team builds agile, tailored solutions to meet the local, national and global needs of private and public clients of any size in more than 125 locations serving 50-plus countries. www.dentons.com.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
