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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
Tangjeong TFT-LCD Cluster (Crystal Valley)
A radius of 15km
Samsung & Sony5,652,000㎡
ChoenanChoenan 11stst,2,2ndnd,3,3rdrd Industrial ComplexIndustrial Complex
110 tenants2,023,000㎡Machines, Metals,Semiconductors
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
HoseoHoseo Angel FundAngel Fund
Star CompanyStar Company
’’9999년년~~’’06 : 89 Companies, 18M US$06 : 89 Companies, 18M US$
HoseoHoseo Venture CapitalVenture Capital
Grand Fund R&D Fund Seed Money VC Fund
Idea FeasibilityTech.
Develop.Commer
cializationMarketing
Strategy of Venture Business Development
26 Companies (Bitonet, Tronel, WintechIC,
bokwangchemical, etc.)On going Company
*Invest company: 6( 1M US$ )
KOSTAC listed company:3 (2.2 M US$)
On going Company: 1
Failed Company: 2
Angel Club
3 Companies (Amotech, Inociptechnology,
Pamacodegien)KOSTAC Iisted Company
15 Companies (Seongwootechno, BikwangCS,
Sinewave, etc.)Failed Company
30 Companies (Neosemitech, CST, Hisonic
CMtech, GayaAMA, etc.)Success Company
Result of Business Venturing (1999-2006)
History of History of HoseoHoseo TBITBI
Year Major Events
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
■ Clarifying Vision
StartersResearch funding for venture
- Provides up to $250,000 of - TBI
■ Technology Business Incubator
■ Quality Consciousness■ Cost Awareness■ Expanding Revenues■ Producing Product or Service■ Obtaining Customers & Cash
- Univ. Provides $8,200 to groups- Student Business Incubator
■ Pre-Incubation
■ Financing Growth
■Coordinating Resources
■ Maintaining Perspective
- Intensive Marketing supporting- Productive Facilities- Accomodates 6 teants- POST BI
■ProductiveIncubation Factory
INCEPTION&
SURVIVAL
GROWTH&
EXPANSION
■ Global Penetration■ Productivity■Expense Control
- SEMES Co.,Ltd
■On Campus Company- Campus Industry cluster
- 6,000㎡, 15 Teants- Wuhai BI(CHINA)
■Overseas BI Center
Current State of Current State of HoseoHoseo TBITBI
Tenant ; 27 Firms
Graduates ; 118 Firms (65 with success)
Weight of the Specialty(34%);Semiconductor / Display / Nano
Technology
Space Area: 10,018㎡( 3 Buildings)
▣ Main Building
27Room
3,214㎡Area
▣ Post- BI Building
6Room
1,204㎡Area
▣ Professor Incubating Building
24Room
3,600㎡ (3-7 Floors)Area
▶ Dept. of Industrial Venture Business in Eng. School▶ GSE, GSV
▶ Dept. of Industrial Venture Business in Eng. School▶ GSE, GSV
HoseoHoseo University Model of Business IncubationUniversity Model of Business Incubation
Developing Human Resources for venture starts-ups
-- ProfessorsProfessors-- StudentsStudents
R&D
Technology Transfer-- TLOTLO
Education/Training-- Venture StartVenture Start--up up
SchoolSchool-- EntrepreneurEntrepreneur’’ss
ClassClass
-- HoseoHoseo Consulting CorpConsulting Corp..
Management Support
-- HoseoHoseo Angel FundAngel Fund-- HoseoHoseo Venture CapitalVenture Capital-- HoseoHoseo Seeds FundSeeds Fund
Finance & Investment
TBITBISBISBI
Specialists for venture Specialists for venture
HoseoHoseo Techno ValleyTechno Valley
Success of EntrepreneurSuccess of Entrepreneur
Result of Service ProgramResult of Service Program
21PR. &Advertisement
187ManagementConsulting
165Tax & Accounting
2Funding
26Marketing44GovernmentApproval
18Financing &Guarantee
25Law &Patent
Number ofServices
Kind of ServiceNumber of Services
Kind of Service
Result of BIResult of BI
Patents of BI
Sales Volume of BI
(registration)
(M US$)
Employee of BI(persons)
Tenants of BI(Firms)
1996 1999
9 0
4011 2
70
2003
13.1
201
21
2005
17.74
342
81
10
28
42 39
2006
30.3
348
36 210
Company Information
- 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
- C.E.O. : Keon-jun An- Establishment : April 2001- Number of Employee : 65- Sales 2006 : 5.08 million $
Anchor Tenants (Crucial Tec Co.)Anchor Tenants (Crucial Tec Co.)
Field of Business- Mobile device Application
Optical Joystick / Xe or LED Flash ModuleLens for LED Flash Module
Technology Development
Core Success Factor- Developed New Technology & Product
by Co-research with Faculty in Univ.
Company Information
- 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)
- C.E.O. : Bong-woo Lee- Establishment : Jul. 2003- Number of Employee : 7- Sales 2006 : 0.14 million $
Anchor Tenants (KORATEK Co.)Anchor Tenants (KORATEK Co.)
Field of Business- Electronic Stethoscope
Technology Development
Core Success Factor- Efficiently utilize the Industry-University-Research
Consortium Program.- Support for the linked application of Incubation
doctor for equipment in the university.
•
▣ International Visiors(2006)
March,3, University of Monterrey, Mexico April. 24, University of Truku, Finland
March 28, 인도 JNTU, India September 26, Dr. Masao Horiba, Japan
▣ International Visitors(2006)
April 4 Yimki city Sandong Province, China
▣ International Visitors (2006/07)
August. 7, Georgia State University, USA
February. 15, Mexican Bayer, Mexico March, 8, Togusima University, Japan
▣ Visitors (2007)
February 28, JANBO, Japan
July16, VILLEDA Consulting Co. USA
Thank You!
kimhong@hoseo.edu
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