Academic journal article Academy of Entrepreneurship Journal

Industry-Academia Cooperation in Creative Innovation Clusters: A Comparison of Two Clusters in Korea

Academic journal article Academy of Entrepreneurship Journal

Industry-Academia Cooperation in Creative Innovation Clusters: A Comparison of Two Clusters in Korea

Article excerpt

ABSTRACT

This study addresses activation strategies for industry-academia cooperation in creative innovation clusters. The study examines the Korean Gwanggyo and Pangyo Technovalleys. The Gwanggyo and Pangyo Technovalleys were developed by the regional government, which understands regional dynamics in terms of resources and demand. The Gwanggyo and Pangyo Technovalleys were successfully and rapidly developed, in contrast to Daedeok Innopolis in Daejeon City that was developed by the central government. The Gwanggyo and Pangyo Technovalleys are located near Seoul and draw on the city's resources as well as respond to the city's needs. This study analyzes the current status of the Gwanggyo and Pangyo Technovalleys and suggests activation strategies. At the time of the study, the first phase of the construction in the Gwanggyo Technovalley was already complete and industry-academia collaboration was ongoing. The Pangyo Technovalley remained under construction although industry-collaboration was evident. Differences exist in academia-industry collaboration patterns between the two valleys. Collaboration in research and the use of shared facilities are evident in Gwanggyo Technovalley, whereas collaboration in planning and research without shared facilities can be found in Pangyo Technovalley.

From a comparison and analysis of the innovation clusters in the Gyeonggi Province, we can derive an activation strategy to be applied to industry-academia cooperation. The proposed activation strategy should achieve the following steps. First, the creation of a customized activation strategy for industry-academia cooperation in each innovation cluster including an implementation strategy. Second, a loose coupling environment state between Gwanggyo and Pangyo Technovalley to improve relational capability that is enhanced through networking, information sharing, and new innovation generation efforts. Third, a strategy will transform the eco-system into a creative innovation cluster. Innovation clusters should represent the 3Ts (talented workforce, technology, and a tolerant culture) that are required for a future creative economy. This study highlights the significance of an activation strategy for industry-academia cooperation around an innovation cluster, and the implications for applying such an activation strategy to boost cluster productivity.

Keywords: innovation clusters, industry-academia cooperation, activation strategy

INTRODUCTION

New product development is a determining factor for success in the current hypercompetitive age (D'Aveni, 1994). Innovative collaboration and interrelationships between firms and research institutes are required to sustain new product launches. Innovation clusters provide a hub for such activity. The clusters are composed of research institutes, universities, and ventures that collaborate in the pursuit of innovation. Companies that participate in innovation clusters exhibit superior innovative capability(Choi, 2008). Innovation clusters develop in stages; gradually expanding and developing as industry and academia teams collaborate around the cluster. The development of the innovation cluster is interrelated with the industry-academia collaboration. Globally, many nations recognize the contribution of innovation clusters to technological advancement and attempt to replicate such infrastructure on a national level. Korea boasts many innovation clusters including Daedeok Innopolis in Daejeon City, Guro Digital Valley and Sang-am Digital Media City in Seoul, Gwanggyo Techno valley, Pangyo Technovalley, and Ansan Science in Gyeonggi Province. Gwanggyo and Pangyo Technovalleys were constructed and developed by the regional government, which comprehends regional factors such as resources and demand. Compared to Daedeok Innopolis in Daejeon City that was developed by the central government, Gwanggyo and Pangyo Technovalleys were rapidly and successfully developed by the regional government. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.