A Case Study of the Daedeok Innopolis Innovation Cluster and Its Implications for Nigeria

  • Shenkoya, Temitayo (Graduate School of National Public Policy, Chungnam National University) ;
  • Kim, Euiseok (Graduate School of National Public Policy, Chungnam National University)
  • Received : 2019.11.06
  • Accepted : 2019.12.18
  • Published : 2019.12.31


Innovation clusters are essential in the economic development of many developed countries across the world. While they present ways for under-developed and developing countries to grow their economies, fully operational innovation clusters are yet to be established in Nigeria. Many experts argue that learning from experience is an effective way of galvanizing economic development. Therefore, in this study, an empirical analysis involving a multi-variable quantitative analysis was used to examine the factors that influence the performance of the Daedeok Innopolis Innovation Cluster (South Korea). The results obtained show that the investment in education, Research and Development (R&D), labor capacity of key players within the innovation cluster, and the transfer of technology (within the cluster) were essential factors that influence the performance of the Daedeok Innopolis Innovation Cluster.



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