In 1973, government of South Korea embarked on the construction of a public research complex in the Daedeok area, to improve the effectiveness of national R&D investments through the geographical concentration of national R&D assets in one place.
Numerous R&D outcomes that laid the cornerstone for South Korea’s economic leapfrogging were generated from Daedeok Research Complex.
Some exemplary cases include the development of the world’s largest 4M DRAM and the world’s first commercial use of CDMA technologies.
GDP (Source: World Bank)
In correspondence to enhanced maturity of private sector R&D capability in the 2000s, the focus of the national R&D strategy has gradually shifted from strong government initiative to the rigorous ecosystem of public-private partnerships for sustainable growth.
In such a light, Daedeok Research Complex was formally expanded to Daedeok INNOPOLIS in 2005, which was modelled after a regional innovation cluster connecting R&D, technology commercialization, and industrial production. Furthermore, the INNOPOLIS model has been exported to other regional hubs.
At present, there are total 5 INNOPOLISes across the country.
$ 29,743 As of 2017
KOREA INNOVATION FOUNDATION is a professional technology commercialization institution to efficiently pursue the business of fostering according to the Special Act on the Promotion of Special Research and Development Zones, Etc.
With the diffusion of the INNOPOLIS model to other regional hubs, total five INNOPOLISes are currently in operation, making significant contributions to balanced regional development in South Korea.
The INNOPOLIS Model The INNOPOLIS, as an R&D-focused innovation cluster, is contributing to national economic growth via intellectual property creation and technology commercialization. INNOPOLIS creates an Innovation Cluster with a Virtuous Circle of R&D, Tech Commercialization, Re-investment
The STP training program has introduced Korean style of management system for Science & Technology Parks(STPs). Participants of the STP program will get hands on know-how on development, operation and management of STP
Sharing the know-how
Building a social network
Hands on experience