How universities can work with both public and private partners to engage with a rapidly changing venture ecosystem
How can a university become a locus for venture? Two relatively young, yet highly regarded universities in South Korea – a public and a private one – are investigated in this article, and contribute to our understanding of how universities can work with public and private partners, at home and abroad, to achieve this goal. The article reviews the unique histories of:
- KAIST (Korea Advanced Institute of Science and Technology), a leading public university designed under the guidance of Stanford’s legendary Fred Terman
- POSTECH (Pohang University of Science and Technology), founded with a government directive to emulate many of Caltech’s attributes.
The interaction with industry and the South Korean government, and legislative acts aimed to facilitate technology transfer, add layers of insight to this survey of a nation’s well-thought-out univenture strategy.
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About the Author:
|David S. Lee – Senior Lecturer, School of Business, University of Hong Kong|