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Resource mobilization and business incubation : The case of Korean incubators

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  • Resource mobilization and business incubation
  • Jang, Yong Suk; Rhee, Mooweon
  • Seoul National University(Institute for Social Development and Policy Research, Center for Social Sciences)


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Title Resource mobilization and business incubation
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Sub Title

The case of Korean incubators

Material Type Articles
Author(English)

Jang, Yong Suk; Rhee, Mooweon

Publisher

[Seoul]:Seoul National University(Institute for Social Development and Policy Research, Center for Social Sciences)

Date 2006-06
Journal Title; Vol./Issue Development and Society:vol. 35(no. 1)
Pages 18
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Industry and Technology < General
Holding Seoul National University

Abstract

The rapid expansion of business incubators in Korea is one of the most important phenomena affecting the high-tech industries in Korea. This paper presents the current conditions of Korean incubators and proposes what factors are important for their continual development. First, we present how rapidly this new organizational model, business incubation, expanded in Korea after the IMF bailout crisis. Second, we explore factors that lead these incubators to perform better. We emphasize that better qualified technical, managerial, and administrative support of incubators are important success factors. However, we also argue that better networked incubators perform better. By better networked incubators, we mean the incubators that can provide the incubatees (start-ups) with effective internal networking (e.g., alliance among incubatees) and sufficient external networking as well (e.g., technical support from outside experts, professional assistance from outside consultants, support from the central and local governments, etc.). (The rest omitted)