Global Perspectives on Technology Transfer and Commercialization
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Global Perspectives on Technology Transfer and Commercialization

Building Innovative Ecosystems

Edited by John Sibley Butler and David V. Gibson

As we move further into the 21st century, increasing emphasis is being placed on the importance of technology transfer. Through new research and practices, scholars, practitioners and policymakers have made great strides in broadening our understanding and ability to implement technology transfer and commercialization processes. The fruit of that research is collected in this timely volume.
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Chapter 7: Creative Model of Science Park Development: Case Study on Daedeok Innopolis, Korea

Deog-Seong Oh and Byung-Joo Kang


Deog-Seong Oh and Byung-Joo Kang INTRODUCTION 1 In today’s knowledge-based economy, the development of science parks is a regional innovation strategy that generates sustained and propulsive economic activity through the creation and commercialization of new knowledge. These science parks are critical ingredients for a successful knowledge-based economy as well as instruments for innovation-oriented regional policy. The emphasis on the stimulation of high-tech industry through science parks and other initiatives by so many countries around the world is based on the assumption that technological innovation leads to economic growth (Grayson, 1993). In the Republic of Korea, science park development began to gain momentum in the 1970s when the Daedeok Science Town (Daedeok Innopolis since 2004) was established as a national research and development (R&D) center. In particular, Daedeok Innopolis was intentionally created as an engine for enhancing national competitiveness of high technology and economic prosperity through the agglomeration of research institutes in a planned science city. Daedeok Innopolis brings together many national and regional development policy efforts from the last 40 years to achieve technology-based economic growth and regional innovation. In addition, the regional innovation policy targeting the innovative cluster is one of many critical instruments designed to achieve sustainable development through networked collaboration among higher education institutes (HEIs), research institutes, industries, and government. It is believed that Daedeok Innopolis is playing a crucial role as a regional platform for a comprehensive approach toward technology-based regional development in a sustainable context (Oh, 2006). This chapter reviews the creative model of...

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