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A strategy for technology start-up promotion under the technology commercialization support system in Korea

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Frame of Image orean government has been promoting driving technology commercialization by shifting the R&D system to leading R&BD system, placing the importance on the business possibilities. The government
A Strategy for Technology Start-up Promotion under the Technology Commercialization Support System in Korea
ars in various ways. For example, Jung (2003) suggested a comprehensive concept in which technology commercialization encompasses all the activities including ideas to acquire a mo) nopolistic position in the market.1 In Korea, in spite of a high R&D ratio, the commercialization as shown in R&D results is evaluated as not working well enough. From the public aspect, most universities have shown lower levels of performance of technology transfers and start-ups. In particular, government-supported research institutes have shown 1/3 the level of R&D productivity compared with the public institutes in the United States. This is because the Korean universities and government-supported institutes have concentrated their R&D capabilities on the basic and original areas to acquire new technologies has made efforts to support the promotion of technology start-up and transfer, by carrying out a national political agenda such as ‘the establishment of a creative industrial ecosystem through the linkage of industry/academy/ institute/region’. In fact, some technology commercialization can induce technology startups in the markets. Here, technology start-ups are defined as start-ups based on ol


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Title A strategy for technology start-up promotion under the technology commercialization support system in Korea
Similar Titles
Material Type Articles
Author(English)

Lee, Sang-Kyu

Publisher

[Sejong]:Korea Institute for Industrial Economics & Trade

Date 2015-11
Journal Title; Vol./Issue KIET Industrial Economic Review:vol. 20(no. 6)
Pages 9
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Industry and Technology < Science/Technology
Holding KIET; KDI School

Abstract

According to the ‘Act for the promotion of technology transfer and commercialization’, technology commercialization is defined as “development, production, and sales of products
or advancement of the related technologies in such processes by utilizing technologies”. Apart
from the legal definition, in reality, the concepts and definitions are suggested by many scholars in various ways. For example, Jung (2003) suggested a comprehensive concept in which technology commercialization encompasses all the activities including ideas to acquire a monopolistic position in the market.