DOI QR코드

DOI QR Code

An Empirical Study on the Effect of Laboratory Start-up Support Projects on Start-up Performance

창업지원사업의 창업성과에 미치는 효과 실증 연구

  • Da-Eun Kim (Department of Convergence Management of Technology, Jeonbuk National University) ;
  • Joonsoo Bae (Department of Convergence Management of Technology, Jeonbuk National University) ;
  • Jin-Gyu Kim (Commercializations Promotion Agency for R&D Outcomes)
  • 김다은 (전북대학교 융합기술경영학과) ;
  • 배준수 (전북대학교 융합기술경영학과) ;
  • 김진규 (과학기술사업화진흥원)
  • Received : 2023.08.09
  • Accepted : 2023.10.19
  • Published : 2023.10.31

Abstract

This research aims to validate the effectiveness of the "Specialized Entrepreneurship University Program," which was conducted as part of government entrepreneurship support initiatives from 2018 to 2022. Based on previous studies, a research model was derived consisting of three laboratory entrepreneurship support factors that influence program satisfaction and entrepreneurial outcomes (infrastructure support, educational mentoring support, and business linkage support). Surveys were collected and analyzed from 126 laboratory entrepreneurship firms participating in the program, and empirical analysis of the research model was conducted using SPSS 23.0 statistical software. The analysis results indicated that the three variables, namely infrastructure support, educational mentoring support, and business linkage support, were significant factors affecting program satisfaction, and program satisfaction was confirmed to influence entrepreneurial outcomes. Furthermore, it was found that the three business operation factors indirectly influenced entrepreneurial outcomes by partially mediating program satisfaction. This study is considered significant as an empirical study for the initial stage of the second-phase program enhancement, verifying the effectiveness of laboratory entrepreneurship support factors. The findings can be applied to similar government entrepreneurship support initiatives and contribute to the effective strategy and planning of stakeholders involved. The limitations of this study include the need for further research on the perception of the extent to which it contributes to entrepreneurial outcomes, emphasizing caution in interpreting the research model, and the necessity for expanding the survey population and improving survey items in future research.

Keywords

Acknowledgement

This study has been partially sponsored by MOTIE funding program "Advanced Graduate Education for Management of Convergence Technology".

References

  1. Ahn, T.W., A Study on the Influence of Characteristics and Entrepreneurial Spirit of Young Entrepreneurs on Entrepreneurial Performance, [Master's thesis], Chung-Ang University, 2012.
  2. Allen, T.D. and Eby., L.T., Relationship Effectiveness for Mentors: Factors Associated with Learning and Quality, Journal of Management, 2003, Vol. 29, pp. 469-486. https://doi.org/10.1016/S0149-2063(03)00021-7
  3. Audretsch, D.B., Thurik, R., Verheul, I., Entrepreneurship: Determinants and policy in a European-US comparison, Springer Science & Business Media, 2002, Vol. 27.
  4. Bang, H.M. and Jeon, I.O., A Study on the Impact of Mentor Competence and Mentoring Functions on Early-Stage Entrepreneurial Performance and Satisfaction, The Journal of the Korea Contents Association, 2015, Vol. 15, No. 5, pp. 444-454. https://doi.org/10.5392/JKCA.2015.15.05.444
  5. Baron, R.M. and Kenny, D.A., The Moderator- mediator Variable Distinction in Social Psychological Research: Conceptual, Strategic, and Statistical Considerations, Journal of Personality and Social Psychology, 1986, Vol. 51, No. 6, pp. 1173-1182. https://doi.org/10.1037/0022-3514.51.6.1173
  6. Choi, J.W., A Study on Enhancing Business Performance of Startup Enterprises using AHP and DEA, [Doctoral dissertation], Kyung Hee University, 2011.
  7. Choi, J.Y. and Jung, H.J., A Study on the Efficient Operation of Support Services in Startup Incubation Centers, Journal of Human Resource Management Research, 2006, Vol. 13, No. 4, pp. 167-190.
  8. Cooper, A.C. and Dunkelberg, W.C., Entrepreneurial Research: Old questions, New Answers and Methodological Issues. Purdue University.
  9. Covin, J.G. and Slevin, D.P., New Venture Strategic Posture, Structure, and Performance: An Industry Life Cycle Analysis, Journal of Business Venturing, 1990, Vol. 5, No. 2, pp. 123-135. https://doi.org/10.1016/0883-9026(90)90004-D
  10. Im, S.J. and Kim, J.G., Analysis of the Effectiveness of Support Strategies for Resident Companies in Business Incubation Centers, The Journal of the Korea Contents Association, 2011, Vol. 11, No. 11, pp. 390-400. https://doi.org/10.5392/JKCA.2011.11.11.390
  11. Jang, S.K., A Study on the Influence of University Startup Support Services on College Students' Entrepreneurial Intentions, [Master's thesis], Sangmyung University Graduate School, 2013.
  12. Jang, Y.H., Lee, J.H., and Kim, P.S., The Impact of Government Entrepreneurial Support Fairness on Satisfaction and Business Performance: Focusing on Differences in Growth Stages of Startup Enterprises, Asia-Pacific Journal of Business Venturing and Entrepreneurship, 2020, Vol. 15, No. 4, pp. 109-120.
  13. Jeon, J.E., and Kim, S.W. STEPI, A study on the effect of employment creation in public technology startups.
  14. Jung, K.H., A Study on the Development of Selection and Evaluation Model for Startup Enterprises, [Doctoral dissertation], Dongguk University, 2018.
  15. Kim, J.G. and Kim, S.W., 2022 Laboratory Entrepreneurship Status Survey for the Commercialization Promotion Agency for R&D Outcomes, 2023.
  16. Kim, J.G. and Kim, S.W., 2022 laboratory start-up survey, Commercializations Promotion Agency for R&D Outcomes, 2023.
  17. Kim, M.J., The Effects of Social Entrepreneurship Spirit of University Students and University/Government Support on Entrepreneurial Intentions, [Master's thesis], Chung-Ang University, 2016.
  18. Kim, S.W., Final Report on the Comprehensive Support Policy Development and New Business Planning for Laboratory Entrepreneurship Activation, Research Contract for the Commercialization Promotion Agency for R&D Outcomes, Science and Technology Policy Institute, 2019.
  19. Korea Policy Briefing, government tasks, https://www.korea.kr/archive/govVisionList.do.
  20. Korea Policy Briefing, https://www.korea.kr/briefing/pressReleaseView.do?newsId=156235376.
  21. Kram, K.E., Phases of the Mentor Relationship, Academy of Management Journal, 1983, Vol. 26, No. 4, pp. 608-625. https://doi.org/10.2307/255910
  22. Kwon, H.E., A Study on Improvement Points and Effects on Business Performance based on Importance-Satisfaction of Startup Company Support System, [Master's thesis], Hanyang University, 2022.
  23. Lee, J.Y., An Empirical Study on the Influence of Government Startup Support Programs on Entrepreneurial Performance, [Master's thesis], Seoul City University, 2018.
  24. Lee, S.H., A Study on Key Factors Influencing Innovation Performance of Technology-Based Startup Enterprises, [Doctoral dissertation], Chung-Ang University, 2019.
  25. Lee, Y.H. and Park, S.H., Exploring Implications for Entrepreneurship Education through Analysis of Venture Entrepreneurs' Success Factors, Asia-Pacific Journal of Business Venturing and Entrepreneurship, 2014, Vol. 9, No. 6, pp. 231-244. https://doi.org/10.16972/apjbve.9.6.201412.231
  26. Lee, Y.J., Yang, Y.S., and Kim, M.S., Importance Perceived by Entrepreneurs of Entrepreneurial Support Programs: A Satisfaction Analysis, Asia-Pacific Journal of Business Venturing and Entrepreneurship, Vol.12, No.3, 2017, pp. 113-116.
  27. Lim, S.J., Analysis of the Impact and Effectiveness of Startup Support Programs on Youth Entrepreneurial Performance, [Master's thesis], Kookmin University, 2017.
  28. Locke, E.A., Sirota, D., and Wolfson, A.D., An experimental case study of the successes and failures of job enrichment in a government agency, Journal of Applied Psychology, 1976, Vol. 61, No. 6, pp. 701-711. https://doi.org/10.1037/0021-9010.61.6.701
  29. Ministry of SMEs and Startups Homepage Media News, https://www.mss.go.kr/site/smba/ex/bbs/View.do?cbIdx=288&bcIdx=1032073.
  30. Moon, H.J. and Kim, K.H., Guidelines for commercialization of technology startups based on public research results, Commercializations Promotion Agency for R&D Outcomes, 2023.
  31. National Research Foundation of Korea, Announcement of Recruitment for 2021 Lab-Specialized Entrepreneurship Leading University Project.
  32. Press release by Ministry of Science and ICT https://www.korea.kr/briefing/pressReleaseView.do?newsId=156235376.
  33. Press release from the Ministry of SMEs and Startups, https://www.mss.go.kr/site/smba/ex/bbs/View.do?cbIdx =86&bcIdx=1023677&parentSeq=1023677.
  34. Shin, G.S., The Effects of Support Services for Startup Incubation Centers on Service Satisfaction and Business Performance According to Growth Stages, [Doctoral dissertation], Hanbat University, 2017.
  35. Yoon, J.D., An Empirical Study on Success Factors of Startup Enterprises, [Master's thesis], Seokyung University, 2010.
  36. Yoon, S.Y., The Impact of Korea Content Creation & Promotion Institute's Content Industry Startup Support Programs on Entrepreneurial Performance, [Master's thesis], Chung-Ang University, 2017.