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