TECHNOVALUE
It will be May 2022, and as soon as the new government takes office, US President Biden will visit our country. However, the normal story is that you are received and go to meet the president, but as soon as you enter the country, you first visit Samsung Electronics and meet Chairman Lee Jae-yong, and on the day of your departure, you have a private business meeting with Chairman Eui-sun Chung at the Hyatt Hotel. Until now, we talked about politics and economics, and politics was ahead, but now isn't it economics and politics? Now I think that the economy is the top priority in national management.
If you look at the daily lives of our ordinary people, you will see that they are busy with economic activities almost all day. Health-related technologies have advanced dramatically, extending our lifespans, but other technologies are shortening our job life cycles. Now the job is gone. I just have a job. According to the newspaper, the average age for retirement is now 49. This is an era where you need to start preparing for a double crop in your 40s. Everyone needs to find a new job. It is essential to be over 60, and the economic environment has become one where you have to work until you are 70, and this has become the new normal. We are transitioning into a new economic environment where people in their 30s, 40s, 50s, and 60s all work together.
The medium that makes this possible is ‘STARTUP’. ‘You can either run a startup yourself or work with a startup. Working together means participating in turning an embryonic startup into a successful one. Startups are not just for those in their 30s and 40s. You need to know about 50 and 60 startups. You can either become a professional Gig Worker (I named it Startup Engineer) or an experienced entrepreneur and create a promising startup.
Seo Jae-pil founded Korea's first private newspaper, the Independence Newspaper, in 1896. It means, “A new world is unfolding in the future, let’s announce this in Korean.” I also dare to inform the world of Korea's just-expanding startup economy through this media, 『StartupBusinessWeek』, and to inform the world of the 'young unicorn' startups around us that can be raised into unicorn companies, and to help us prepare for the next 100 years. I want to shout out that we should create a startup economic ecosystem together that will create an economy. Although it is an enormous task, I would like to take a step forward with a one-person media called 『StartupBusinessWeek』.
I can't do this alone. As the African proverb goes, ‘It takes all the villagers to raise a child,’ to create a startup economy in our country, many experts in all fields of our society must help and actively participate. I would like to request that what our society needs to do now is captured in this media. We sincerely ask for your interest and support.
StartupBusinessWeek.com
Posted by Publisher
November 5, 2023
In order for the startup ecosystem to be completed, the economic entities that make up the ecosystem must be created one by one. The first economic entity is startups. Society must provide people with the entrepreneurial spirit to start a startup, and they must establish a startup and begin management activities. If you look at the venture boom around 1999 or 2000, it is not the same as the current situation, but from then on, these startups began to be created. And they need to bring in capital not only in the early stages of starting a business but also as it grows, and the role of this capitalist has been established as an economic entity called venture capital. It appears that two important economic entities in the ecosystem have been created.
The role of the government is also necessary for the current ecosystem to be revitalized. The government must act as a priming force for the inflow of initial capital, and it is necessary to revise related laws and systems as quickly as necessary to facilitate IPOs and M&As for startups. They must play a role in planning and ensuring that the corporate value created by startups is bought and sold in society. The area where startups are growing is the area of various private specialized companies or experts, and they must establish themselves through transactions between economic entities so that they can perform economic activities well as startup engineers.
Supply and demand in the ecosystem must grow in balance. When many good startups must emerge, capital must be supplied, and startups that are successful in management appear and exit, the framework of the virtuous cycle structure is completed. If you can make money through a startup, finance will automatically follow, so the creation of good startups is the first gateway to revitalizing the ecosystem. How can we increase the number of good startups? Our society must pay attention to the answer to this.
What is the first thing that comes to mind when you think of starting a startup? It's a fear of starting a business. We think through other people's eyes. I am always mindful of how others perceive me. It is an important factor in creating a society, and in order to revitalize the startup economy ecosystem, it is necessary to think like ‘I hope we are not too conscious of others.’ The fear of starting a business is the fear of negative evaluation of oneself if one starts a business and it does not succeed, if others consider it a failure. It's completely understandable, but if society changes this thinking formula, people with better entrepreneurial spirit will enter the ecosystem.
The words success and failure stick together, and they stick together as opposites. Failure is not the opposite of success, but our society must lead the way so that failure is recognized as a process of success. The keyword for entrepreneurship in this era is “Failure is a process of success, not the opposite.” Just remember that Edison did it, Henry Ford did it, Jack Welch did it, Bill Gates did it, Steve Jobs, Jeff Bezos, Elon Musk, and Mark Zuckerberger. Startup Business Week’s slogan is “Failure is the process of success, not the opposite.”
1) Anyone can do STRAT UP, but not everyone should do it.
2) You can start at any time, but you must start after preparation,
3) You can do it on any topic, but a topic that the world is interested in is better.
4) Before making yourself rich, make the investor rich first.
5) Instead of thinking of it as running, think of it as basketball.
6) The break-even point (BEP) must be reached faster than the corporate value.
7) If there is a law, you must follow it; if there is no law, you must create a favorable law.
8) In the future, call for IPO, and in the future, think of M&A EXIT,
9) You have to decide whether to live or die, but don’t forget to ‘take the middle step’,
10) Watch the money flow, STAY HUNGRY, STAY FOOLISH!!!!!
Middle managers at startups are former executives at large corporations? Make no mistake!
Startups that will do well are different from the very beginning!
We need people who are sincere and good at asking questions!
Let’s watch the ‘Moneyball’ movie and the ‘Dragon Sakura’ cartoon.
You must fight and cooperate with Goliath to receive investment!
Are your employees doing a job that matches their personality?
If you want financial freedom, invest in early-stage startups!
Is it possible to be creative when there is no need to cross the line and be conventional? Nonsense!
We need people who are sincere and good at asking questions!
Is it possible to be creative when there is no need to cross the line and be conventional? Nonsense!
We need people who are sincere and good at asking questions!
What Henry Ford, Steve Jobs, and Mark Zuckerberg have in common
2012-11-22 10:19:00
Is there a technology to keep agricultural and marine products fresh for a long period of time? Harvested fruits can be stored and shipped when the price is highest, and flowers can be exported on ships, which are cheaper than airplanes. What if wireless charging technology is commercialized? We will live in a world where our cell phones and laptops will be automatically charged just by entering a cafe or restaurant.
‘Technology and value’ are some of the technologies that are focused on commercialization these days. This company is one of the seven commercialization companies designated by the Ministry of Knowledge Economy in March of this year, and provides market research, analysis, and strategic consulting until technologies developed by the public or private sector become established as actual businesses. CEO Lim Yun-cheol said, “A good technology is a technology that has many uses,” and added, “Before making products with these technologies, we are focusing on establishing a foundation for globalization by registering patents at home and abroad.”
CEO Lim, who has been researching science and technology policy and the overall knowledge industry for over 20 years, selected Apple Inc. (USA) as a reference point for Korea's small and medium-sized venture companies to become 'small giant companies'. This is because it creates high added value by leaving manufacturing to others and focusing only on planning and development.
He said, “To win in the knowledge industry, you have to be lightweight. Manufacturing should be left to a manufacturing company and armed with ideas and technology. It is unfortunate that our country, which has grown through a fast follower strategy, still judges small and medium-sized businesses based on their manufacturing capabilities. Now there is no room for rethinking the logic that only the first mover survives. We must remember that ‘designed by’ and ‘innovated by’, not ‘made by’, are the core of the knowledge industry.”
How do we come up with ideas and apply technology to bring about innovation? Actually, everyone has a lot of concerns about this part. Accordingly, Technology and Value has decided to launch an education project called the ‘3000/5000 Project’ starting next year. The goal is to provide 5,000 key talents from 3,000 small and medium-sized businesses and research institutes with a sense of what needs to be done to achieve innovation like Apple. Therefore, rather than methodology, we are developing a curriculum that combines humanities and science and technology, such as history, philosophy, science and technology, and society. CEO Lim said, “Among the numerous technologies developed inevitably or accidentally, only those that society needs will see the light of day,” adding, “This is why we need to understand humans, history, and society.”
Representative Lim served as a member of the National Science and Technology Advisory Committee and participated in government science and technology policies on several occasions. Regarding the fact that all of the leading presidential candidates pledged to establish a new department dedicated to science and technology, he said, “I think the first thing to do is to think about how the government can help our industry become a first mover.”
Shin Donga December 2012 issue
Entered 2006.04.08 16:34 Modified 2006.04.08 20:10
Last week, I attended the AUTM conference on technology transfer and technology commercialization held in the United States for four days. About 1,500 people participated, most of whom were members from the Americas, but there were also many experts from Asia, including Korea, Japan, Taiwan, and Singapore. They have been forming this group for a long time and putting their heads together to think about 'how can we make public technology (technology that is the result of government-invested research and development) commercialized in many industries?' Although the absolute scale of Korea's government research and development expenditures is still significantly insufficient compared to developed countries, the relative scale is already at a world-class level. This is a very large investment to improve future national competitiveness and the quality of life of the people. If you put a lot of input into the system, you naturally expect a lot of results. Therefore, I am very curious about what results we will get in 5 or 10 years. “What is the return on investment of our country’s government research and development expenses?” Calculating the rate of return on R&D investments is very difficult. This is because you have to wait for a long period of time to know the results of your investment, and in many cases, individual research and development investments do not produce individual results, and unexpected derivative results sometimes produce good investment results. There is also a reason why it is difficult to turn all results from the research and development process into indicators from a profit perspective. In order to calculate the return on investment for government research and development costs, many assumptions will be used in the formula, but this return on investment must be calculated. It should be checked every year, the cause of the increase or decrease should be analyzed, and necessary measures should be taken. This is because the national technology innovation system can be upgraded and create opportunities to change to a different paradigm. A model will need to be created in connection with the performance management program being promoted by the government. Next, how can we increase the return on government R&D investment? First, no matter how hard you work on research and development with a lot of research and development expenses, it is difficult to expect good results if the commercialization goal is not clear from the beginning. Second, commercialization research and development should be promoted as a joint team with commercialization experts from the beginning rather than being promoted solely by researchers, but consideration should be given to an environment in which researchers can focus only on given research. Third, commercialization research and development must be able to flexibly respond to changes in the target market. In other words, during the research and development process, decisions and choices such as expansion or reduction of investment, promotion of joint research, etc. must be made under the supervision of the responsible person. Lastly, in order to increase the success rate of commercialization, it is necessary to allocate resources to related expenses other than research and development expenses. It seems that the overall structure of government research and development projects that reflect these points must be improved to provide a foundation for improving the rate of return on investment in government research and development funds.
Entered 2006.04.08 16:20 Modified 2006.04.08 20:03
After enjoying a few Premier League soccer games thanks to Park Ji-sung and Lee Young-pyo, I thought to myself, “How does this soccer league maintain such competitiveness?” First of all, all 20 soccer teams in the Premier League are world-class. Each team's player's individual ability to handle the ball was outstanding, and his stamina was tireless. It's hard not to be impressed by his ability to get close to the goal, cooperate with his fellow players, and pass the ball back and forth. The competitiveness of this league is based on scientific soccer team management methods, including a manager who discovers world-class players and establishes a game strategy and supervises the team, a coach who supervises systematic team practice, and an expert who records and analyzes the content of the game and the players' movements and physical condition. is increasing. When the season ends based on final scores, the bottom three teams out of 20 are unconditionally relegated to the next lower league. And three teams from the lowest league will be promoted. Strict application of simple operating methods is increasing league competitiveness. The audience also plays a role. Spectators truly applaud the players' great play and love the soccer team they support. However, on the other hand, they are strictly evaluating the players, coaches, and coaches of individual soccer teams. World-class soccer teams, scientific management methods, a strict league management system, and the objective evaluation role of the audience are making the Premier League competitive. Although it is insufficient, we can use this lesson to think about ways to upgrade our country's technological innovation system. First of all, there should be more technology-intensive companies and world-class research groups within the technology innovation system than there are now. In particular, government-funded research institutes, universities, and companies must cooperate more actively to create more technological innovations. Technology-intensive companies must adopt new corporate management methods. Although we need technological development capabilities that focus on improving existing products, we also need to develop technological development capabilities that can create world-first products and services. Based on this, we must also develop our marketing capabilities to pioneer the global market. The government needs to simplify policies and systems by redefining the role of the public sector necessary in the process of technological innovation. Financial investment areas that require government support need to be expanded, and overlapping service areas in the form of department store listings need to be transferred to the private sector. Additionally, the government must shift from focusing on investing in hardware to focusing on investing in software necessary for the technological innovation process. This is because technological innovation is accelerated only when companies are at the center and economic incentive mechanisms are activated. Lastly, I think our citizens should also broadly understand and support the new technological innovation-type economic system. Love and interest are needed for companies, research institutes, and universities that will run in the new system, and their performance and government policies are needed. This is because it must be evaluated based on new standards.
Entered 2006.04.08 16:41 Modified 2006.04.08 20:15
It's been a little over two years since I started using a PDA to keep track of my busy schedule and the phone numbers of my many contacts. I used to carry a cell phone in my back pocket and a PDA in my inner pocket at the same time, but now I am using a PDA phone that has both cell phone and PDA functions. Recently, after looking at thin mobile phone models, I started to feel uncomfortable with thick and clunky PDA phones, but when a device subsidy event began due to DMB broadcasting, the temptation became more and more. Events that provide subsidies for the purchase of mobile phone devices increase sales of those devices. This is part of a policy to stimulate demand for cutting-edge technology products, which will increase the product competitiveness of relevant mobile phone devices and have a positive impact on improving the competitiveness of companies that produce mobile phone devices in the long term. The government's market demand policy like this is very important. As the global economic war accelerates, countries around the world are making ceaseless efforts to retain many high-value-added, technologically innovative companies. This is because the country needs to have more companies like this to become rich. To create a large number of them, the government must establish a balanced technological innovation policy and systematically promote it. A balanced technological innovation policy literally means that technology supply policy and market demand policy must be balanced. How would the policies that our country is currently taking to increase the number of technologically innovative companies be divided into these two? Are the two policies truly balanced? I couldn't find a study that analyzed this, but based on my experience working in this field for 15 years, I think there are probably a lot more technology supply policies. This is because this is a policy that can be relatively easily thought of while sitting at a desk, and can be implemented once a year as long as the budget is secured from the Planning and Budget Office. Also, the current situation is that after a policy is created, its effects are not properly evaluated. Moreover, in a reality where developing new policies is counted as an achievement rather than trying to improve the completeness of existing policies, there is no choice but to increase the number of technology supply policies. In order to create more technologically innovative companies, we must pay more attention to market demand policies. This is because companies can plan products well, increase production capacity, and develop marketing capabilities. We need to find various ideas that fit our country’s reality. As Kenichi Imai said, system competition between countries is in full swing. In order to improve the completeness of the national technology innovation system, continuous efforts are urgently needed to create balance by integrating and coordinating various technology supply policies and developing more market demand policies.
Entered 2006.04.08 16:47 Modified 2006.04.08 20:19
Recently, the issue of polarization has been featured a lot in newspapers, and opinions on how to solve it often appear. It seems that there are many opinions that mainly the rich pay a lot of taxes and that polarization should be resolved through these taxes. Of course, this method may be necessary in the short term, but in the long term, I think we need to find another way to fundamentally prevent polarization from deepening. I remember one meaningful song among the songs I sang along to as a student. The song goes like this: 'Two pretty crucian carp live in a small pond next to a deep mountain path, and the two fight and one of them floats on the water and its young flesh rots and rots along with the water, making it impossible for anything to live in the pond.' When you listen to this song, you first think about the concepts of 'we', 'community', and 'society' again. In particular, I think about a society where we live ‘together’ and create ‘together’. I realize that I can exist because there are members who play different roles in my place. Rather than shouting 'Are we strangers?' only when drinking, we should acknowledge the subjects who play different roles and never forget that we are always a community. Only then will the ever-present talk of 'finding ways for large corporations and small and medium-sized businesses to coexist' not become a facade. Another thing is that the strong players in our economy must get out of the alley. So far, our government has created an economic powerhouse through a compressed growth strategy. Even though these powerful people have benefited, they still act like the bosses of the alley, ordering the weak in the alley to do their best, and even taking away their hidden money(?). For the past two years, there has been news that has made a big splash in the year-end newspapers. The article states that the net profit of Korea's leading conglomerate was the highest ever. Did the performance of subcontracted small and medium-sized companies improve at the same time during the same period? When I think about how much they have robbed many small and medium-sized subcontractors of the achievements they should have had, I can only smile bitterly. Meanwhile, the weak must pioneer this with the will to improve the current situation for the strong and create a new level of balance. One of them is to strive to become a strong global company even if it is small. The weak must demand support from the government for this purpose. It is important to create global competitiveness by working harder to pioneer the global market rather than thinking only about supplying to large domestic companies. If polarization continues in our country's innovation system, it is difficult to expect national development. If our large corporations only enjoy being leaders in the country and do not think about growing technology-intensive small and medium-sized enterprises like they do now, our small and medium-sized business ecosystem will soon be devastated, and in the long run, large corporations will gradually fail to find growth engines and invite mutual extinction.
Entered 2006.04.26. 5:39 PM
Recently, there was a meeting held with high-ranking government officials from Vietnam's Ministry of Trade, Industry and Energy, as well as university presidents and deans, to explain our country's vocational training system and discuss pending issues for venture companies entering Vietnam. Despite the short schedule, their efforts to learn our various systems were very impressive.
Meanwhile, through the process of preparing for a meeting with an American company, the process of carrying out follow-up work after the meeting, and the process of individually completing the decided tasks according to schedule, we could not help but feel that their work productivity was very high and they were professional. . We all know the story of how a tortoise races without rest, while a rabbit loses to a tortoise while sleeping, and how a playful grasshopper does not prepare for winter and becomes dependent on ants.
Let's look at the neighboring countries that compete with us now. There are no sleeping bunnies, no grasshoppers playing.
In the meantime, we have been working hard on technological innovation. And we have seen significant results. However, there is something I want to emphasize in order to accelerate technological innovation across the country in the future. First of all, I would like to emphasize changes in the decision-making system at the national level for technological innovation. As we all know, fast organizations now win the competition rather than large organizations. This is because it allows the organization to make quick decisions and allocate resources accordingly. Our country's technological innovation is planned by the government, and the necessary budget is determined once a year. Therefore, even if a new program idea comes up after the budget preparation period, you have to wait two years to implement it. It has been a long time since the economic war between countries became a race against time, but there has been no change in the system that supports it. In addition, we allow various technological innovation programs to be managed by public institutions that lack flexibility and speed due to controllability, transparency and stability of management. However, in terms of the dynamism of technological innovation and the possibility of pursuing profits, there are many cases where it is more effective for the private sector to host the program. It is necessary to think and decide on ways to increase technological innovation performance at the actual national level rather than formality. On the one hand, local governments must also play their role. The central government must be fair to all companies across the country, but local governments are actively supporting local companies to create more jobs. There is a need to discuss the division of roles between the central government and local governments in the nation's technological innovation, and it seems desirable to come up with a way for local governments to execute some of the budget secured by the central government. Lastly, the technology roadmap is important, but it is important to create a technology innovation policy roadmap in advance and attempt a systematic approach.
Entered 2006.04.19. 6:10 p.m.
We have achieved rapid economic growth over the past 40 years, and we are well aware that the government's implementation of appropriate policies was a major factor in our success.
In fact, when comparing the past and present when the government develops policies, the past was relatively much easier. Because in the past, there was so little that the government could pursue as a policy. However, now the situation has changed and it is not difficult to develop new policies.
This is because we have implemented various policies. Every time the government changes, new goals at the national level continue to be presented, and public officials must continuously produce policies to achieve them. In the past, the person in charge of a government research project that spent 30 billion won over three years said that little research planning was done at the start of the research, and that the research results were not good. It may be absurd and frustrating, but if three years of research were spent without results, wouldn't it mean that the gap with other countries in the same technology field was widened instead of narrowed? How can such enormous national losses be calculated? This may be because not enough thought was put into program planning. I would like to point out a few things necessary to develop a new technological innovation policy. The process of technological innovation is complex and complex. Therefore, if the government wants to discover a new technology policy program, it must go through a sufficient planning process. That also requires an objective planning process. It is known that more than 100 technological innovation-related support programs have already been developed among each ministry. However, it is not clear exactly what results each program produces, and similar policy programs appear to be overlapping between ministries. Everyone is concerned about budget waste caused by duplication, but no specific solution seems to have been found.
In order to reduce budget waste, it is necessary to increase public sector manpower to prevent inappropriate use of research funds by university professors and funded researchers carrying out government research projects, but program integration is a priority through a thorough analysis of technology innovation policies and related programs overall. It is necessary.
In order to create new policies, there must be data that can clearly understand the actual situation.
What data do we currently have for new policy development or program development? First, objective and faithful data must be created to obtain accurate information, and through this information, judgments can be made about the effectiveness of existing programs. It is also possible to simulate the expected results of a new program. I want to deeply remember that you have to plant soybeans to harvest them.
Entered 2006.04.12. 5:33 PM
The warm days of spring are fast approaching and we are about to enjoy the joy of seeing forsythia and azaleas on Namsan Mountain, but frowning incidents decorate the newspapers every day.
This is news about the abnormal management and CEO of a large automobile company. At the beginning of the year, conglomerates, one of the world's largest conglomerates, donated an astronomical amount of money to society. It is known that the commonality between the two companies, which is attracting attention in the media, is the method used in the process of transferring management rights to the second generation. However, we call them global companies. These two companies are companies that our society has created together over the past 30 years, and they are companies that have contributed greatly to our economy. We rate these two companies highly. However, there are concerns about how the image of a respected global company will change due to recent events.
Looking ahead 10 to 20 years, what kind of companies should our society create? I hope to create many global companies that are active in the global market, even if they are small in scale. But how can we create such a company? First of all, a change in the company's perception is needed.
Companies can survive because society purchases the products and services they make. Specifically, companies should be grateful to their customers, but they must also think about diverse customers because they make up society. You will become a candidate for a global company only if you manage your company beyond the domestic borders and consider the world.
On the one hand, I wish our society would treat companies warmly. It is important to recognize that companies are the main entities that create jobs and new economic added value in our society, and to provide various considerations so that competitive companies can continue to expand.
There is a need for a change in the atmosphere in our society where we are interested in corporate issues as well as general social issues. Cooperation between companies is also important.
In order for the corporate ecosystem to be well maintained, coexistence must be emphasized through cooperation between large corporations and small and medium-sized enterprises. It is very important that trading practices are established so that fair prices can be exchanged in each other's transactions. The government should also make continuous investment efforts by reforming the current fragmented and passive program to support small and medium-sized businesses into a long-term comprehensive active program. We must redefine what is needed and take the lead in developing new policies.
A global company cannot be created in a short period of time. It will take at least 10, 20, and possibly 30 years to be created. I think it is time to start a movement to create more global companies that can be respected from a long-term perspective.
Entered 2006.04.05. 5:31 PM
As I worked a five-day week, the number of days I didn't wear a suit naturally increased. When I don't wear a suit, I feel more at ease and I think more new ideas come to mind. It seems to be true that a person's thoughts and actions are greatly influenced by the clothes they are wearing. It's easy to understand if you think about the times when you wore school uniforms as a student or the tight military uniforms in the military. This probably means that format has a great influence on our thinking framework. Therefore, if new thoughts and actions are needed, it may be necessary to boldly wear different clothes.
Technological innovation can only be achieved when both the research and development process and the technology commercialization process produce successful results. In other words, successful technological innovation is achieved when both the process of producing technology through research and development and the process of making products and selling them in the market are done well. It may vary depending on the type of technological innovation, but in general, if the contribution of technology to successful technological innovation is considered to be about 20%, the contribution of the technology commercialization process becomes 80%.
The government has focused its efforts on research and development over the past 30 years. Most of the nearly 9 trillion won government budget in the field of science and technology is being invested in this process. This is truly a great effort, and the government should be greatly applauded for its efforts. But there are also many things that are disappointing. Since when has the government been in charge of the research and development process, rather than pursuing the practical purpose of improving research and development effectiveness, it seems to be focusing on procedures, justifications, and formalities to avoid criticism from the Board of Audit and Inspection. There is a tendency to rely on joint responsibility-type decision-making rather than decision-making for a small number of experts, and when selecting research projects, there is a tendency to form and operate a committee centered on experts with no interests rather than industry and product experts, and the voice of equity rather than selection and concentration. It seems like they are choosing to distribute a small budget to many people while paying close attention to it.
From now on, the government must invest more in the technology commercialization process. What is noteworthy here is that the activities required for this process are technology marketing, technology transfer, technology finance, production, and product marketing, which are different from research and development activities.
When the government plans a program to support these activities, it is difficult to consider the 'format' applied to the research and development process. It must be recognized that the subjects participating in the technology commercialization process are not the same subjects who participated in the research and development process, and that the activities required for this process are very different from research and development activities. A program suitable for those who understand the logic of the market and executes it well must be created. Rather than public organizations carrying out technology commercialization activities, corporate organizations that are active with economic incentives should be responsible for this.
For practical purposes, a new type of clothing is needed and a change in thinking is needed.
Entered 2006.04.08 16:28 Modified 2006.04.08 20:06
Earlier this year, I read a report that said, 'By 2050, Korea will achieve the world's second highest per capita income after the United States, and the amount will be more than $80,000.' It didn't feel real because it was a story from a long time ago, but I really wanted it to happen. But what is the reality? Unfortunately, per capita income has not exceeded the $20,000 barrier for 10 years. How can we accelerate economic growth and overcome the devil's $20,000 barrier? What national strategies did the 22 countries that reached the $20,000 per capita income mark before us use? One of the strategies we can choose is to double the number of technologically innovative companies within the national system. Unlike many companies that have grown so far based on cheap labor competitiveness and simple manufacturing technology competitiveness, these companies have the characteristic of pioneering the global market directly based on technological competitiveness. They are the vanguard of technology commercialization that can transform government research and development results into economic performance within the national technology innovation system. So how well is our country nurturing these technologically innovative companies? I would like to suggest two aspects. First, by quoting ‘Yulgok Lee’s 100,000 yangbyeong theory’, I dare to advocate for ‘cultivating 10,000 technologically innovative entrepreneurs.’ This is because many technologically innovative businesses can be created only when many technologically innovative entrepreneurs are trained. It has been a long time since we talked about transforming our economy into a technology-innovation economy, but there are no concrete plans for nurturing technology-innovation entrepreneurs who will play a leading role in this. There are many department store-style support programs for technologically innovative companies, but national preparations for nurturing technologically innovative entrepreneurs seem to be very lacking. Second, because technological innovation entrepreneurs are created only when they have a lot of practical experience in the field, the method of nurturing them must be supported through a national system. Studying a specialized field at school is necessary, but more than that, practical business experience in the global market is required. There may be several ways. To succeed in business, they must know technology, know the trends of the global market, find the right way to pioneer the market, and find a way to secure unique technology. If an accident occurs during a combat flight, the fighter pilot must exit the plane and eject. In contrast, our country's technologically innovative entrepreneurs must share their fate with companies. Because the experience of business failure can actually serve as a foundation for great success, technologically innovative entrepreneurs should be given greater opportunities for success by acknowledging their failures. We must also consider building the necessary social systems. What kind of system does our country have for nurturing technologically innovative entrepreneurs? When will our country have world-class technological innovation entrepreneurs like Bill Gates and Steve Jobs?
Launch of GRaND-K 2nd stage, audition-type startup school in Seoul Hongneung Special District
Yangju City, Yangju Techno Valley Strategic Direction Advisory Meeting Successfully Completed
“Creating new business opportunities”...World Class Business Association forms CEO study group
Green technology differentiates the future(DBR 2010, No. 56)
Gyeongbuk Province, 325 billion won hydrogen fuel cell power generation complex created in Sangju
Construction of 50 MW fuel cell in Sangju Cheong-ri General Industrial Complex
Ministry of Science and ICT launches pan-ministerial technology scale-up R&D TF
K Ground·Technology and Value held seminar on ‘New Economy Startup Business Model Development’
SK E&C strengthens competitiveness in startups and eco-friendly technology
20 years of technology commercialization policy, discussing direction
