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Challengers and Opportunities for Business Incubators Working with University.

Challengers and Opportunities for Business Incubators Working with University. Hong Kim, Ph.D. Dean , Graduate School of Entrepreneurship, Hoseo University, Korea Honorary President, Asian Association of Business Incubation.

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Challengers and Opportunities for Business Incubators Working with University.

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  1. Challengers and Opportunities for Business Incubators Working with University. Hong Kim, Ph.D. Dean , Graduate School of Entrepreneurship, Hoseo University, Korea Honorary President, Asian Association of Business Incubation Regional Workshop on Promoting Innovation and Entrepreneurship in Asia. Hanoi,Viet Nam, on October 3-6

  2. Commercialization of Innovation is Complicated and Hard to “Tune”! SPONSORED RESEARCH AGREEMENTS, GRANTS, FELLOWSHIPS TECHNOLOGY TRANSFER COMMERCIALIZATION ACTIVITIES RESEARCH PROJECTS • RESULTS • NEW KNOWLEDGE • NEW TECHNOLOGY • EDUCATED STUDENTS • RESULTS • FUNDING FOR UNIVERSITY • RESEARCH OPPORTUNITIES • ECONOMIC IMPACT UNIVERSITY MISSION OF EDUCATION AND RESEARCH After R. Savinell

  3. Business incubator Profit Cornered Markets Government Education of Students Economic Development Improvement of Life Commercialization Ideas Jobs Distribution Publication Reputation University There are Lots of Players with Different Goals!!

  4. Partnerships with Universities 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

  5. Partnerships with Universities How? • Location on campus • Involvement in daily life activities • Strategic alliances

  6. A Case Study : Business Incubating at Hoseo University

  7. Location (Chonan & Asan, the rising cities) A transportation hub in Korea • 83.6Km away from Seoul (by expressway) • 35 minutes’ distance from Seoul by high-speed train (KTX). A Mecca for high-Tech industries • increasingly attraction high-tech industries and factories • Adjoins to Big company (Samsung, Hyundai etc.) Population : 750,000 / Company : 2,500 / Area : 1,253㎡ / University : 11

  8. Industrial Complex A radius of 15km

  9. Hoseo University (Pioneer in the field of venture business) Currently 13,000 students (including around 2,000 graduate students) are registered Korea's first venture major forundergraduate 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).

  10. APEC The First APEC Incubation Forum Patent or IP Idea Practice Patent Product Practice Commercially Successful Business Product The Technology Commercialization Challenge

  11. Idea Feasibility Tech. Develop. Commer cialization Marketing Grand Fund R&D Fund Seed Money VC Fund ’99년~’06 : 89 Companies, 18M US$ Strategy of Venture Business Development Hoseo Angel Fund Hoseo Venture Capital Star Company

  12. Result of Business Venturing (1999-2006)

  13. Year Major Events Agreements for establishing TBI in Hoseo University with the Governor of Chungnam 1995 Province. (The Korean first technology business incubator in university) 1996 Accommodated 10 tenants under the first program. TBI has been transferred from Cheonan to Asan campus to be ready for the cooperative 2000 system with the venture business supporting of Hoseo University newly constructed the 3rd B/D (productive incubation assigned with BI expansion factory) 2002 business by Small and Medium Business Administration. Received President’s Award at The 1st Korea Regional Innovation Exposition 2004 The 4th B/D(2nd productive incubation factory) has been constructed by being chosen 2005 for the specialized BI expansion program by SMBA. Accommodating 38 Tenants Graduated 100 ventures. History of Hoseo TBI

  14. Supporting System by Business Growth Stages MATURITY GROWTH & EXPANSION INCEPTION & SURVIVAL CONCEPT

  15. Current State of Hoseo TBI • Tenant ; 27 Firms • Graduates ; 118 Firms (65 with success) • Weight of the Specialty(34%);Semiconductor / Display / Nano Technology • Space Area: 10,018㎡( 3 Buildings)

  16. ▣Main Building

  17. ▣ Post- BI Building

  18. ▣ Professor Incubating Building

  19. Specialists for venture Hoseo University Model of Business Incubation Developing Human Resources for venture starts-ups • ▶ Dept. of Industrial Venture Business in Eng. School • ▶ GSE, GSV R&D Management Support • Professors • Students • Hoseo Consulting Corp. Technology Transfer TBI SBI • TLO Finance & Investment Education/Training • Hoseo Angel Fund • Hoseo Venture Capital • Hoseo Seeds Fund • Venture Start-up School • Entrepreneur’s Class Hoseo Techno Valley Success of Entrepreneur

  20. Result of Service Program

  21. Result of BI 348 342 (Firms) Tenants of BI 30.3 (registration) Patents of BI Sales Volume of BI (M US$) 42 39 (persons) Employee of BI 36 210 17.74 201 81 13.1 28 70 21 40 2 11 10 9 0 2003 2005 2006 1999 1996

  22. Anchor Tenants (Crucial Tec Co.) Company Information • C.E.O. : Keon-jun An • Establishment : April 2001 • Number of Employee : 65 • Sales 2006 : 5.08 million $ Field of Business • Mobile device Application Optical Joystick / Xe or LED Flash Module Lens for LED Flash Module Technology Development • Acquired a mutual R&D contract with SAMSUNG (Mobile Division, 2004) • Developed Optical Attenuator, Optical Patchcord, CWDM (Senko, ADC, NTT, Corning ) • Developed PL Ferruled and Connector Core Success Factor • Developed New Technology & Product by Co-research with Faculty in Univ.

  23. Anchor Tenants (KORATEK Co.) Company Information • C.E.O. : Bong-woo Lee • Establishment : Jul. 2003 • Number of Employee : 7 • Sales 2006 : 0.14 million $ • Field of Business • Electronic Stethoscope Technology Development • Amplification device for electronic stethoscopes to eliminate high-level input signal noise (Reg. No : 0378990) • Method to handle auscultation sound in electronic auscultation (Submitted No : 0042567) Core Success Factor • Efficiently utilize the Industry-University-Research Consortium Program. • Support for the linked application of Incubation doctor for equipment in the university.

  24. ▣ International Visiors(2006) March,3, University ofMonterrey, Mexico April. 24, University of Truku, Finland March 28, 인도 JNTU, India September 26, Dr. Masao Horiba, Japan

  25. ▣ International Visitors(2006) April 4 Yimki city Sandong Province, China

  26. August. 7, Georgia State University, USA ▣ International Visitors (2006/07) March, 8, Togusima University, Japan February. 15, Mexican Bayer, Mexico

  27. ▣ Visitors (2007) February 28, JANBO, Japan July16, VILLEDA Consulting Co. USA

  28. Thank You! kimhong@hoseo.edu

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