Title: The evolutionary process of venture incubation in Korea

Authors: Kark Bum Lee

Addresses: School of Management, Information and Communication University, 58-4 Hwaam-Dong, Yusung-Gu, Daejon, Korea

Abstract: The emergence of the internet-based economic paradigm has come to play a crucial role in the restructuring of the Korean economic system. One of the main devices of economic restructuring, the Korean government attempts to nurture technology-intensive small and medium firms. As a result, the importance of incubating technology-centred venture firms emerged as a major issue in public in Korea|s public and private sector. This paper investigates the mechanisms and characteristics of incubating start-ups in Korea during its evolutionary process from the end of the 1990s to the present day.

Keywords: incubating program; technology-intensive small and medium firms; incubation business; Korean economy; SMEs.

DOI: 10.1504/IJEIM.2003.002220

International Journal of Entrepreneurship and Innovation Management, 2003 Vol.3 No.1/2, pp.78-86

Published online: 12 Aug 2003 *

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