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http://dx.doi.org/10.7545/ajip.2021.10.1.090

The Effects of Technological Capabilities and Entrepreneurship on Technological Innovation of Technology-based Start-ups in Korea  

Ahn, Seungku (Office of Planning and Management, Korea Institute of S&T Evaluation and Planning)
Kim, Juil (Korea Institute of S&T Evaluation and Planning)
Lee, Kwang-Hoon (Department of Public Administration & Department of Integrated Energy and Infra System, Kangwon National University)
Publication Information
Asian Journal of Innovation and Policy / v.10, no.1, 2021 , pp. 90-107 More about this Journal
Abstract
This paper analyses how technological capabilities and entrepreneurship of technology-based start-ups affect their performance. In this paper, a multiple regression analysis was conducted on 248 technology-based start-ups. The effects of indicators of technological capacity like R&D intensity, R&D organization, technology competitiveness, patents, and certification were analyzed. Factors affecting sales were R&D intensity and technological competitiveness. Technology competitiveness and patents were the significant factors influencing product competitiveness. The factor that positively influenced organizational performance, customer performance, and achievement of start-up goals was technological competitiveness. The results of such an analysis should be designed to discover and foster long-term innovation potential, rather than relying on short-term financial performance.
Keywords
Technology-based start-ups: Technology competence: Start-up support: Firm performance; Technological innovation;
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