Articles

Measures to promote public technology-based startups: Focusing on entrepreneurship

In-jong Lim

Abstract

Technology-based startups are known to contribute to the growth of national economy by creating high-paying jobs, promoting R&D investment, exporting goods and services, etc. Technology-based startups created by using the outcome of government-sponsored R&D projects, namely, public science and technology-based startups, are particularly considered important as their survival rate is over 80 percent and they continue to operate their business for a long period of time.

The purpose of this study is to provide measures to promote public technology-based startups by revitalizing technology entrepreneurship. After examining a hypothesis on factors affecting startup business based on science and technology, it was confirmed that startup training programs and cooperation with external organizations had a positive impact for scientists and engineers to create companies. This study provides following measures to promote startups based on public science and technology. First, expand a cooperative network with outside specialized agencies and share the information focusing on their competencies. Second, encourage to conclude business agreements with regard to startups and provide related guidelines. Third, operate a startup related consultative body for regular exchanges. Lastly, create and expand startup support projects that both public research institutes and specialized agencies can jointly participate.

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