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A Study on the Efforts of Technological Innovation by Academia-Industrial Collaboration for Venture Businesses

산학협력이 중소벤처기업의 기술혁신성과에 미치는 영향에 관한 연구

  • Song, Geon-Ho (Department of Venture Technology & Management The Graduate School of Konkuk University) ;
  • Lee, Cheol-Gyu (Department of Venture Technology & Management The Graduate School of Konkuk University) ;
  • Yoo, Wang-Jin (Department of Venture Technology & Management The Graduate School of Konkuk University) ;
  • Lee, Dong-Myung (Department of Venture Technology & Management The Graduate School of Konkuk University)
  • 송건호 (건국대학교 대학원 벤처전문기술학과) ;
  • 이철규 (건국대학교 대학원 벤처전문기술학과) ;
  • 유왕진 (건국대학교 대학원 벤처전문기술학과) ;
  • 이동명 (건국대학교 대학원 벤처전문기술학과)
  • Published : 2009.11.30

Abstract

This paper aims to study the effect of academia-industrial cooperation on the technical innovation of small and medium-sized companies. A survey was conducted on about 1,100 businesses located in the Sihwa-Banwol industrial estate to analyze the consequence of three factors of academia-industrial cooperation. the joint use of equipments, technological support of universities to businesses, and cooperative technological development through technical guidance-on entrepreneurial capability and their knowledge-absorption ability, and ultimately on their technological innovation,. The validity of the survey result was tested through the Structural Equation Model. On the basis of the comparison between companies which have participated in academy-industry cooperation and companies which have not, this paper suggests that venture businesses should take advantage of the cooperation with universities to boost their competitiveness. The analysis of the three individual factors of the academy-industry cooperation based on the Structural Equation Model shows that all of them have remarkable influence on entrepreneurial capability, but that they don't have as much impact on businesses' knowledge absorption ability. However, the outcome of technological innovation of businesses is primarily influenced by entrepreneurial capability rather than their knowledge absorption ability. The survey also shows that the three factors of the cooperation have an equal impact on the competitiveness of companies regardless of their business type or their products' growth stages. As the companies involved in academy industry cooperation outweigh other businesses, in terms of technological innovation, the numbers of new product development, and the numbers of their process improvement cases, this paper argues that new strategies should be taken for the businesses to fully take advantage of academy-industry cooperation.

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