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The role of ecosystems for start-ups : A comparative study between Korea and Finland

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Title The role of ecosystems for start-ups
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Sub Title

A comparative study between Korea and Finland

Material Type Articles
Author(English)

Deschryvere, Matthias; Kim, Younghwan

Publisher

[Sejong, South Korea] : Science and Technology Policy Institute

Date 2016-10
Journal Title; Vol./Issue STI Policy Review:vol. 7(no. 2)
Pages 25
Subject Country South Korea(Asia and Pacific)
Finland(Europe)
Language English
File Type Documents
Original Format pdf
Subject Economy < Economic Administration
Holding Science and Technology Policy Institute
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Abstract

The strategic importance of innovation ecosystems has received increased attention from both the academic and policy perspectives. However, there is only limited empirical evidence on the importance of these ecosys¬tems from the perspective of younger firms. This study focuses on the role of ecosystems for young innovative companies (YICs) and is based on a unique set of phone survey data from Finland and South Korea. The re¬sults are threefold: (1) Finnish YICs participate more actively in ecosystems than Korean YICs; (2) on aver¬age, Korean YICs report to have experienced lower ecosystem impact compared to Finnish YICs; (3) in both countries, key organizations of the ecosystems are represented on the board of directors in about one-third of the sample firms.