• Title/Summary/Keyword: Early-stage investment

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The Evolution of Korean Information Infrastructure and Its Future Direction: A System Dynamics Model

  • Hyun, Tchang-Hee;Kim, Dong-Hwan
    • ETRI Journal
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    • v.20 no.1
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    • pp.1-15
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    • 1998
  • The recent technological and industrial revolution dictates a new approach in constructing Korean Information Infrastructure. Lacking past data on the newly emerging markets, econometrics methodologies cannot accurately forecast future path of advanced networks, let alone dynamic impacts of public policies. In this paper, we have built a system dynamics model of the Korean Information Infrastructure and simulated diverse policy measures including market integration and government initiative in investment for experimenting their effectiveness. The most counterintuitive result of our research is that the market integration policy will facilitate CATV networks at an early stage until the year 2010, but will result in a diminished market size in the long run. With the system dynamics approach, we can enhance our understanding of the complex policy systems and get valuable insights through learning by modeling and simulation.

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기술능력 발전의 시기별 특성: 포항제철 사례연구

  • 송성수
    • Journal of Technology Innovation
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    • v.10 no.1
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    • pp.174-200
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    • 2002
  • Technological capabilities of POSCO (Pohang Iron & Steel Co.) have been developed through acquisition, catch-up, and generation stage. In 1970s standardized operation technologies were acquired based on Japan's technological cooperation. The prime route of technological acquisition was overseas training and operation technologies were articulated by mock and real operation. In 1980s POSCO focused to catch-up advanced technologies through in-house R&D activities. Technological informations were broadly accumulated, task force teams were constructed for important technological tasks, and the scope of technological innovation covered nearly all fields. In 1990s POSCO launched long-term projects based on the large-scale investment and challenged the new fronts of steel technologies. Frontier technologies such as smelting reduction and thin slab casting were early commercialized and new technological concepts were emerged. In conclusion, this article suggests some implications on the development of technological capabilities in Korea.

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A Study on the Developments of the Salvage & Oil Spills Response (구난방제업무의 발전방향에 관한 연구)

  • Noh, Chang-Kyun
    • Journal of Navigation and Port Research
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    • v.26 no.5
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    • pp.549-554
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    • 2002
  • A country is acutely needed to establish a marine salvage & oil spills response system in order to prepare for a disaster. When a severe marine accidents occur, our country depends on foreign technique because of the insufficiency of facilities and technique. The damage of accidents expands due to not taking proper actions in early stage. Accordingly, in case of marine accidents, this paper aims to suggest a various scheme of infrastructure, investment of facilities, technical development, improvement of ability and etc. in salvage & oil spills response system in order to quick and effective response to the marine casualties.

Patent Trends on Reconfigurable Intelligent Surface (지능형 재구성 안테나 특허 동향)

  • Kwon, D.S.
    • Electronics and Telecommunications Trends
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    • v.36 no.3
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    • pp.119-132
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    • 2021
  • To accommodate various mobile communication frequency bands, the study of metamaterial antennas have begun since the mid-2000s to solve the Trilemma problem between antenna gain-occupied bandwidth-size. As an adaptive reconfiguration function is required in a multi-array antenna system since 4G, the metamaterial array antenna using low-power variable elements has been used to change the basic structure of the antenna. Recently, reconfigurable intelligent surface (RIS), which is made of metasurface with reconfigurability, has been studied to effectively cope with the randomly varying radio channels and be used for various purposes such as reflection/transmission/modulation. As a result of RIS-related patent information analysis in this study, it was confirmed that most of the patents are metamaterial antennas and metamaterial array antennas, but the metasurface antenna technology was in the early stages. Particularly, as the intelligent metasurface antenna is in a more initial stage, the investment to R&D of RIS is urgent to secure patent competitiveness in B5G and 6G.

Development of Automated Tools for Data Quality Diagnostics (데이터 품질진단을 위한 자동화도구 개발)

  • Ko, Jae-Hwan;Kim, Dong-Soo;Han, Ki-Joon
    • Journal of Information Technology Services
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    • v.11 no.4
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    • pp.153-170
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    • 2012
  • When companies or institutes manage data, in order to utilize it as useful resources for decision-making, it is essential to offer precise and reliable data. While most small and medium-sized enterprises and public institutes have been investing a great amount of money in management and maintenance of their data systems, the investment in data management has been inadequate. When public institutions establish their data systems, inspection has been constantly carried out on the data systems in order to improve safety and effectiveness. However, their capabilities in improving the quality of data have been insufficient. This study develops an automatic tool to diagnose the quality of data in a way to diagnose the data quality condition of the inspected institute quantitatively at the stage of design and closure by inspecting the data system and proves its practicality by applying the automatic tool to inspection. As a means to diagnose the quality, this study categorizes, in the aspect of quality characteristics, the items that may be improved through diagnosis at the stage of design, the early stage of establishing the data system and the measurement items by the quality index regarding measurable data values at the stage of establishment and operation. The study presents a way of quantitative measurement regarding the data structures and data values by concretizing the measurement items by quality index in a function of the automatic tool program. Also, the practicality of the tool is proved by applying the tool in the inspection field. As a result, the areas which the institute should improve are reported objectively through a complete enumeration survey on the diagnosed items and the indicators for quality improvement are presented quantitatively by presenting the quality condition quantitatively.

Empirical Analysis of Accelerator Investment Determinants Based on Business Model Innovation Framework (비즈니스 모델 혁신 프레임워크 기반의 액셀러레이터 투자결정요인 실증 분석)

  • Jung, Mun-Su;Kim, Eun-Hee
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.18 no.1
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    • pp.253-270
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    • 2023
  • Research on investment determinants of accelerators, which are attracting attention by greatly improving the survival rate of startups by providing professional incubation and investment to startups at the same time, is gradually expanding. However, previous studies do not have a theoretical basis in developing investment determinants in the early stages, and they use factors of angel investors or venture capital, which are similar investors, and are still in the stage of analyzing importance and priority through empirical research. Therefore, this study verified for the first time in Korea the discrimination and effectiveness of investment determinants using accelerator investment determinants developed based on the business model innovation framework in previous studies. To this end, we first set the criteria for success and failure of startup investment based on scale-up theory and conducted a survey of 22 investment experts from 14 accelerators in Korea, and secured valid data on a total of 97 startups, including 52 successful scale-up startups and 45 failed scale-up startups, were obtained and an independent sample t-test was conducted to verify the mean difference between these two groups by accelerator investment determinants. As a result of the analysis, it was confirmed that the investment determinants of accelerators based on business model innovation framework have considerable discrimination in finding successful startups and making investment decisions. In addition, as a result of analyzing manufacturing-related startups and service-related startups considering the characteristics of innovation by industry, manufacturing-related startups differed in business model, strategy, and dynamic capability factors, while service-related startups differed in dynamic capabilities. This study has great academic implications in that it verified the practical effectiveness of accelerator investment determinants derived based on business model innovation framework for the first time in Korea, and it has high practical value in that it can make effective investments by providing theoretical grounds and detailed information for investment decisions.

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An Empirical Study on the Equity Investment of Venture Capitalists on the IPOs Performance (벤처캐피탈회사의 지분투자와 벤처기업 최초공모주 성과 분석)

  • Kim, Seok-Yong;Park, Tae-Jin
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.1 no.1
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    • pp.179-199
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    • 2006
  • The objective of the study which it analyzes the result which goes made to the equity investor venture company IPOs stock of Korean venture capitalists. The sample company is the venture business 101 which IPO time venture capitalists invest in period KOSDAQ market from 1997 July 1st to 2006 June 30th for 9 years. The result of the study was as follows. First, it is found that syndication investing venture capitalists than the sale investing venture capitalists has desirable investment act which relax non-symmetry information between the publicly held company and the investor. The study support to Bygrave(1987), Lerner(1994) and so on. Second, The venture capitalists under postscript investing the venture business compared to under investing shows IPO excess benefit rate initially more highly from the venture business and the investor whom already invests early stage prove to use the manned it exaggerates the value of the venture business which venture capitalists oneself invests from postscript phase through the high position characteristic At last, it is discovered that the investment equity ratio of venture capitalists effect of sound (-) postscript investor IPO result which analyzed. It is showed that venture capitalists will remain more lowly excess benefit rate as the equity ratio which the venture capitalists invests at the venture business will be high.

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Application of the Geothermal Hybrid System for Huge Size Common Structures with Heating & Cooling System (지열 Hybrid System 개발을 통한 대형 공동구조물 지열에너지 적용성 평가)

  • Park, Si-Sam;Na, Sang-Min;Park, Jong-Hun;Rhee, Keon-Joong;Kim, Tae-Won;Kim, Sung-Yub
    • 한국신재생에너지학회:학술대회논문집
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    • 2009.06a
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    • pp.588-591
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    • 2009
  • Ground source heat pump system; GSHPs is close to most practical use for early stage investment cost and energy efficiency in new renewable energies, and currently considered utilizing to the heat and cooling system of a building. Particularly, the case to utilize 'Standing Column well heat source gathering method' in the open standards process to have the excellent capability of gathering geothermal source is increased. But the research for the optimal design technology and the assessment of a pollution level of the ground to utilize a single well for gathering geothermal is insignificant and the design is insufficient. The heating and cooling system and the equipment to utilize a large size residential development to have over 1000 households have not developed yet. Therefore, our company developed 'geothermal hybrid system' which can construct the heat and cooling system using geothermal energy for a large size residential development of over 1000 households and conducted the evaluation of economic feasibility. Moreover we developed automatic equipment for gathering geothermal source and PLC (Programmable logic controller) to have optimal efficiency and FCU (fan coil unit) considering the floors of large size apartments.

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Systemic Analysis of Research Activities and Trends Related to Artificial Intelligence(A.I.) Technology Based on Latent Dirichlet Allocation (LDA) Model (Latent Dirichlet Allocation (LDA) 모델 기반의 인공지능(A.I.) 기술 관련 연구 활동 및 동향 분석)

  • Chung, Myoung Sug;Lee, Joo Yeoun
    • Journal of Korea Society of Industrial Information Systems
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    • v.23 no.3
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    • pp.87-95
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    • 2018
  • Recently, with the technological development of artificial intelligence, related market is expanding rapidly. In the artificial intelligence technology field, which is still in the early stage but still expanding, it is important to reduce uncertainty about research direction and investment field. Therefore, this study examined technology trends using text mining and topic modeling among big data analysis methods and suggested trends of core technology and future growth potential. We hope that the results of this study will provide researchers with an understanding of artificial intelligence technology trends and new implications for future research directions.

A Study on Commercialization Performance by the Level of Technology Management Activity and Technology Innovation Competency: Focused on Government Funded R&D Project for Start-up SMEs (기술경영활동수준, 기술혁신역량이 사업화성과에 미치는 영향에 관한 연구: 중소기업 창업성장기술개발지원사업을 중심으로)

  • Cho, Ki-Young;Baek, Nak-Ki;Chang, Youngsoon
    • Journal of the Korea Safety Management & Science
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    • v.17 no.4
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    • pp.343-352
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    • 2015
  • This study analyzes the business performance of research and development(R&D) and especially studies the effect of technology management activity and technology innovation competency on commercialization performance. According to previous studies, the technology management activity can be composed of technological innovativeness, analysis of market, R&D method, and appropriateness for commercialization plan. Also, the technology innovation can be divided into patent, R&D manpower, R&D investment ratio, production capability, and marketing capability. On the result of the analysis, all the components of technology management activity are positively related with commercialization performance. In case of technology innovation competency, however, only production and marketing capabilities have influence on the business performance. Especially, marketing capability controls the effect of technology management activities on the commercialization performance. Consequently, technology management is very important activity for SMEs to succeed commercialization and SMEs should collaborate with production and marketing departments from the early stage of R&D.