Challengers and Opportunities for Business Challengers and Opportunities for Business Incubators Working with University. Incubators Working with University. Hong Kim, Ph.D. Hong Kim, Ph.D. Dean , Graduate School of Entrepreneurship, Dean , Graduate School of Entrepreneurship, Hoseo Hoseo University, Korea University, Korea Honorary President, Asian Association of Business Incubation Honorary President, Asian Association of Business Incubation Regional Workshop on Promoting Innovation and Regional Workshop on Promoting Innovation and Entrepreneurship in Asia. Entrepreneurship in Asia. Hanoi,Viet Hanoi,Viet Nam, on October 3 Nam, on October 3 - - 6 6
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Challengers and Opportunities for Business Challengers and Opportunities for Business Incubators Working with University.Incubators Working with University.
Hong Kim, Ph.D.Hong Kim, Ph.D.Dean , Graduate School of Entrepreneurship, Dean , Graduate School of Entrepreneurship,
HoseoHoseo University, KoreaUniversity, KoreaHonorary President, Asian Association of Business IncubationHonorary President, Asian Association of Business Incubation
Regional Workshop on Promoting Innovation and Regional Workshop on Promoting Innovation and Entrepreneurship in Asia. Entrepreneurship in Asia. Hanoi,VietHanoi,Viet Nam, on October 3Nam, on October 3--66
Commercialization of Innovation is Complicatedomplicated and Hard to “Tune”!
UNIVERSITY MISSION OF EDUCATION AND RESEARCH
SPONSORED RESEARCH
AGREEMENTS, GRANTS,
FELLOWSHIPS
RESEARCH PROJECTS
RESULTS
•NEW KNOWLEDGE
•NEW TECHNOLOGY
•EDUCATED STUDENTS
TECHNOLOGYTRANSFER
COMMERCIALIZATION ACTIVITIES
RESULTS
•FUNDING FOR UNIVERSITY
•RESEARCH OPPORTUNITIES
•ECONOMIC IMPACT
After R. Savinell
There are Lots of Players with Different Goals!!There are Lots of Players with Different Goals!!
Business incubator
University
GovernmentProfit
Cornered Markets
PublicationReputation
JobsDistribution
Com
mer
cial
izat
ion
Idea
s
Education of StudentsEconomic Development
Improvement of Life
Crucial for the success of science based incubators
Why?
• base for start-ups• need of techtransfer• scientific support• innovative environment• provider of human resources• networking opportunities
Partnerships with Universities
How?
• Location on campus• Involvement in daily life activities• Strategic alliances
Partnerships with Universities
A Case Study : Business Incubating at Hoseo University
Location (Location (ChonanChonan & & AsanAsan, the rising cities), the rising cities)
• increasingly attraction high-tech industries and factories
• Adjoins to Big company (Samsung, Hyundai etc.)
• 83.6Km away from Seoul (by expressway)
• 35 minutes’ distance from Seoul by high-speed train (KTX).
Population : 750,000750,000 / Company : 2,5002,500 / Area : 1,2531,253㎡ / University : 11 11
A transportation hub in KoreaA transportation hub in Korea
A Mecca for highA Mecca for high--Tech industries Tech industries
Foreigners Industrial Complex 29 tenants714,000㎡ABB, GKNSemiconductors, Auto partsMechanics
Industrial ComplexIndustrial Complex
HoseoHoseo University University (Pioneer in the field of venture business)(Pioneer in the field of venture business)
Currently 13,000 students (including around 2,000 graduate students) are registered
Korea's first venture major for undergraduate students(1999)
Designated as a leading university in the field of venture business and technology : Graduate School of Venture(1999) and Graduate School of Entrepreneurship(2004).
The Technology Commercialization ChallengeThe Technology Commercialization Challenge
Patent or IPPatent or IP
PracticePractice
ProductProductCommerciallyCommerciallySuccessful BusinessSuccessful Business
IdeaIdea
PatentPatent
PracticePractice
ProductProduct
The First APEC Incubation ForumThe First APEC Incubation Forum APECAPEC
1995 Agreementsfor establishingTBI in Hoseo University with the Governor of ChungnamProvince. (The Korean first technology business incubator in university)
1996 Accommodated 10 tenants under the first program.
2000 TBI has been transferred from Cheonan toAsan campusto be ready for the cooperativesystem with the venture business supporting of Hoseo University
2002 newlyconstructedthe 3rd B/D (productive incubation factory)assigned with BI expansionbusiness by Small and Medium Business Administration.
2004 Received President’s Award at The 1st Korea Regional Innovation Exposition
2005The 4th B/D(2nd productiveincubationfactory) has been constructedby being chosenfor the specialized BI expansion program by SMBA.Accommodating 38 Tenants Graduated 100 ventures.
Supporting System by Business Growth StagesSupporting System by Business Growth Stages
CONCEPT
MATURITY
Niche and Brand Image■ Establishing Competitive■Defining Market Needs