Academic Entrepreneurship in Asia
Show Less

Academic Entrepreneurship in Asia

The Role and Impact of Universities in National Innovation Systems

Edited by Poh Kam Wong

This timely book examines the rising phenomenon of academic entrepreneurship and technology commercialization among leading universities in Asia, by presenting in-depth analysis of thirteen leading universities from nine Asian economies, including Tokyo University in Japan, Tsinghua in China, IIT Bombay in India, and the National University of Singapore.
Show Summary Details
You do not have access to this content

Chapter 5: University Technology Commercialization and Academic Entrepreneurship in Korea: The KAIST Experience

Zong-Tae Bae and Sangmoon Park


Zong-Tae Bae and Sangmoon Park 5.1 INTRODUCTION Traditionally academic universities have been regarded as the source of basic research and important suppliers of high-caliber graduates for industry and society. Under these expectations of universities, academic researchers in universities have paid little attention to building strong collaborations with industry and commercializing their technological assets. Currently a group of leading universities in the USA has earned sizable economic returns from their technology commercialization and entrepreneurial activities (Siegel et al. 2007; Etzkowitz et al. 2000). These changing roles of universities are influencing university commercialization programs and the Korean government’s policy (KRF 2007). Among the catching-up countries, Korea has shown very successful economic growth based on science and technology (S&T) activities and research and development (R&D) investment (Lee et al. 1988; Kim 1997). In the era of technological catch-up, a major role of Korean universities has been to appropriately supply educated S&T engineers who can understand advanced technologies and modify existing knowledge into upgraded knowledge (Lee 2005). Since the 1990s Korea has been struggling to sustain its global competitiveness among advanced countries and emerging economies. There are increasing demands for new roles of universities, to generate world-class research output and commercialize their own intellectual property. Under much deregulation of university commercialization and entrepreneurial activities, Korean universities are now much more interested in how to commercialize their technologies and knowledge for economic results. However most Korean universities have little experience in, or means of, generating advanced 108 M2781 - WONG TEXT.indd 108...

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information

or login to access all content.