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Volume 7
Volume 7, Issue 1
In This Issue
S&T Trends - Fostering Startup Ecosystems
Performance Analysis on Different Research and Development (R&D) Types: Proactive Support Program for International Environmental Regulation
Mun-Su Park, Johng-Ihl Lee, and Daniel Soonwoo Chang

This study analyzed and compared the performance of companies involved in R&D and R&D Infrastructure activities. This study used Proactive Infrastructure Program for International Environmental Regulation as a case study because it is a program that supports both R&D and R&D Infrastructure in Korea. It also evaluated the R&D performance by combining and isolating R&D and R&D Infrastructure.
The analysis result shows only a handful of companies are actively involved in both R&D and R&D Infrastructure in the program. Differences in technical, economic, and social performance showed no statistically significant. For Economic performance, companies participated in R&D alone showed higher numbers; while for technical performance, companies involved in both activities had higher numbers. From the results of the analysis, it is difficult to state that combining R&D with R&D Infrastructure will create higher performance than R&D alone; however, the study noted an important point in that it R&D activities and its performance measurement need to be analyzed by types.

Does Exposure to University Research Matter?―Evidence from Europe
Yannis Caloghirou, Aimilia Protogerou, and Nicholas S. Vonortas

This paper addresses the behavior and performance of young companies established by entrepreneurs who have been previously exposed to academic research for a considerable amount of time. We use data from a large survey of young companies established in ten European countries and eighteen high-tech, low-tech and knowledge-intensive service sectors. While a fair amount of similarity exists in terms of business motivation and client focus, our findings reveal the group of firms founded by Ph.D. holders to exhibit extensive dependence on university graduates and post graduates as employees, higher reliance on venture capital funding, higher dependence on internal R&D and external scientific and research networks as sources of knowledge, better innovative performance especially in terms of new-to- the world products, increased awareness of intellectual property protection and, last but not least, better performance both in terms of both employment/sales growth and international sales. These we find as important―even though exploratory―indication of support for our basic premise that exposure of company founders to university research affects entrepreneurial incentives and behavior in ways that reflect higher levels of creation and use of scientific and technological knowledge and market niche specialization.


How Do Chinese Firms Manage Innovation? A Perspective of Dynamic Capabilities
Wei Zhao

Combining the literature on technological catch-up, innovation management and dynamic capabilities, this paper identifies the major problem when firms from developing economies manage the process of innovation when they are approaching the technological frontier. Illuminated by an array of empirical cases of Chinese firms from multiple industries, we find that their common weakness of managing innovation is often the lack of integrating and articulating simultaneously technological change, market change and organizational change in a dynamic way, i.e., a kind of “dynamic capabilities” of management at strategic level. For years Chinese industrial firms have accumulated technological capabilities through different modes (technology transfer, indigenous R&D, and foreign technology acquisition, etc.) and different relationship with customers in the market, now they have to improve the quality of innovation management if they seek to produce significant innovation outcome and compete with the innovative firms from the advanced economies. The findings contribute to research and management practice on how catch-up firms in developing countries can transform themselves from imitators or followers to innovators. 

Science and Technology Trends
An Evaluation of the Startup Ecology in Korea
Dong-Won Sohn


Japan’s Startup Ecosystem: From Brave New World to Part of Syncretic “New Japan”
Kenji Kushida


Role of Public Science in Fostering the Innovation and Startup Ecosystem in Singapore
Sarah Cheah, Yuen-Ping Ho, and Philip Lim


Fostering Startup Ecosystems in India
Nir Kshetri


Malaysia’s Startup Ecosystem: A Work in Progress
Siri Roland Xavier