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Royal Science & Technology Park
PRESENTATION OUTLINE: Overview Land Size & Location Incentives Requirements Royal Science & Technology Park
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Royal Science & Technology Park
OVERVIEW: VISION 2022: Exploring Science, Technology and Innovation as a means to increase the country’s economic growth and increase capacity by developing a knowledge-based economy and infrastructure Royal Science & Technology Park Established through an Act of Parliament in 2012 VISION To be the leading oasis, of science, and innovative technologies, for wealth creation By 2022 Kingdom of Eswatini will be renowned internationally for her swiftness in exploring science, technology and innovation as a means to increase the country’s economic growth and increase capacity by developing a knowledge-based economy and infrastructure thus substantially alleviating Poverty. MISSION We are the hub for stimulating science, and innovative technologies for commercialization, in the Kingdom of Swaziland.
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Royal Science & Technology Park
Enabling Science Technology & Innovation by: RESEARCH & DECVELOPMENT Facilitating Applied Research and Experimental Development Royal Science & Technology Park FOCUS AREA: ICT High - Tech Innovation Medical Biotechnology Industrial Technology Agricultural Biotecnology COMMERCIALIZATION Facilitating the production of high-value Agri and bio-products Start - Ups Incubating technology start-ups
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Royal Science & Technology Park
National Data Centre Advanced School of IT Special Economic Zone Business Incubator National Call Centre
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Royal Science & Technology Park
Special Economic Zone: FOREIGN DIRECT INVESTORS Facilitating the establishment of High Tech foreign direct Investment (FDIs) Royal Science & Technology Park TECHNOLOGY TRANSFER Facilitating Technology transfer AWARENESS Providing platforms knowledge Sharing and raising public awareness
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Royal Science & Technology Park
LAND LOCATION: Royal Science & Technology Park
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Royal Science & Technology Park
LAND SIZE: Nation Park Area (ha) Industrial (ha) Building Area(m2) Employees Company Kingdom of Eswatini IT Park 158.5 75 230,910 5,000 90 Biotechnology Park 158.77 79 225,910 3,000 80 Taiwan Pingtung 232.98 112.86 3,385,863 6,000 120 Royal Science & Technology Park These two parks utilize an estimate of ha of land, for which consists of industrial development land, and shared between research laboratories, administration centres and residential buildings.
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BIOTECHNOLOGY PARK MASTER PLAN:
Service Centre Agriculture-related Biotechnology Green Land Pharmaceutical Plant & Other Industries Research and Incubation Areas 3 5 2 4 The Biotechnology Park will serve as a multi-purpose platform for R&D in bio-related technologies, production marketing and trading. Knowledge Generation • Research Laboratory facilities will support research and development efforts in biotechnology, to optimize the use of natural resources in the Kingdom, and facilitate the uptake and commercialization of that research. There will be a focus in medical, Industrial and agricultural biotechnology Research. • Partner with local university science departments to ensure knowledge generation scientist and engineers. Knowledge Commercialization • A Technology Transfer Office will assist in finding the best route to market for new biotechnology innovations produced in Eswatini A Biotechnology Incubator will provide business and technical services for start-up biotechnology companies. The companies that are still in the initial development stage of their business will housed in the business Centre. Mass Production and investor facilitation •The Biotechnology Park will propagate, process, package and sell value added products derived from natural plants and animals. Bio refineries will be established for the manufacturing of Biofuels, Bio fertilizers, Biopharmaceuticals other industrial Bio products. Knowledge Awareness • The Biotechnology Park provides platforms to showcase, global and national, innovations in Science, Technology, Engineering and and Mathematics (STEM), esp. in the field of biotechnology. • The biotechnology park serves as a focal point for various Regional Bioscience Networks (e.g. SANBIo). This will allow more efficient communication between national bioscience practitioners and the networks. Leading to faster awareness of opportunities to pursue and needs to be met by local Researchers and their supporting agencies. 1
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Royal Science & Technology Park
IT PARK MASTER PLAN: Royal Science & Technology Park THE INNOVATION PARK AND ITS SERVICES. The Innovation Park consist of the following four divisions; Advanced School of Information Technology Business Incubator National Data Centre National Contact Centre
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Royal Science & Technology Park
SPECIAL ECONOMIC ZONE : INCENTIVES IT and Energy Environment Uninterrupted Water and Power Supply High Speed and reliable Internet access Cloud Computing Infrastructure Service Centre (One-Stop-Shop) Access to R&D facilities Political Environment Peace and Political Stability Royal Science & Technology Park Basic infrastructure in place and the provision of the essential preliminary services is in place ; roads, electricity , water , internet
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Royal Science & Technology Park
SPECIAL ECONOMIC ZONE : INCENTIVES Exemption from corporate tax for an initial period of 20 years, thereafter a corporate tax shall be charged at a rate of 5%; Remissions of customs duty, value added tax and any other tax payable in respect to goods purchased for use of raw material, equipment, machinery including all goods and services directly related to manufacturing in the zones Permitted to International Financial Services, for qualifying investors; Exemption from foreign exchange control or restrictions carried on in a SEZ; Be entitled to source-based taxation; Be entitled to an exemption from capital gains tax; Be entitled to unrestricted repatriation of profits; Be entitled to an allowance for research and development. Be entitled to an exemption from death duty; Be entitled to green technology allowance; May be designated as an essential service; May be entitled to permanent residence; Exemption from training levy; Royal Science & Technology Park
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Royal Science & Technology Park
SPECIAL ECONOMIC ZONE : LAND LEASE Lease vacant land to Investor: Investor builds the infrastructure Operator is exempted from paying rent until the investor has recouped on their investment. Public Private Partnerships Royal Science & Technology Park Licensing requirements; SIPA to elaborate Tools/ instruments: These are the instruments in place to facilitate the process of setting up in the Park
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Royal Science & Technology Park
SPECIAL ECONOMIC ZONE : REQUIREMENTS TO SET UP Licensing requirements Capital investment requirements Personnel requirements Instruments to ease the administration process of setting up ; Proposal submission framework Application Process of Qualified Investment Project in the SEZ (internal process) Royal Science & Technology Park Licensing requirements; SIPA to elaborate Tools/ instruments: These are the instruments in place to facilitate the process of setting up in the Park
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SPECIAL ECONOMIC ZONE : REQUIREMENTS TO SET UP
An Enterprise or Operator in the special economic zone should hold a valid license issued in terms of the procedures at the One-Stop Service Centre. (underway) The license is granted to an Enterprise under the set of conditions which are listed as follows; The Enterprise is incorporated in Swaziland whether or not it is one hundred (100%) per cent foreign owned. Proposes to engage in any activity or activities eligible to be undertaken by a special economic zone Operator in the special economic zone. Does not have a negative impact on the environment or engage in activities impinging on national security or presenting a health hazard. Conducts business in accordance with the laws for the time being in force save for any exemptions under this Act The Enterprise or Operator intending to set up shall; Ensure decent employment for employees; Ensure that ninety percent (90%) of the employees are within the taxable bracket; Ensure that the minimum employment quota of Eswatini citizens is two thirds (2/3); Ensure that the localization policy is adhered to; and • Ensure skills transfer. Royal Science & Technology Park The One-Stop-Service Centre: It is a single window where investors and researchers receive instant services relating to their operational needs. Taxable bracket: taxes from income tax. Revenue stream for government Export to outside the zone; Operator shall sell up to 20% of goods produced to the customs territory
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