• The Journal of the Korea Contents Association
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• v.17 no.4
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• pp.541-549
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• 2017

This research investigates the quantitative screening methods for the Grant Funding system and seeks for the efficient evaluation of a number of proposals. We search foreign cases of Grand Funding, but we found no appropriate model for using in Korea. Thus, we had to develope our own model for better screening. First, we analyse the existing evaluation system and find some problems and challenges. Second, we suggest a quantitative screening system for Grant Funding with a numeric model, and operates a tedious simulation by using the previous data and our suggested model. Third, we test the suggested model and find the optimal model by using simulation method The number of data analysed for simulation is larger than 200 thousands. Last, we suggest some brief policy implications based on the results in the paper.

• Journal of Korea Technology Innovation Society
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• v.16 no.2
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• pp.424-443
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• 2013

National Research Foundation of Korea (NRF) provides underpinning to boost international and domestic competitiveness in basic science and engineering (S&E) research. In 2012, NRF came up with the idea about implementing koreanized grant funding system and a NRF grant funding mechanism on basic research was applied to General Researcher program. The main components of the mechanism are 1) no final evaluation, instead intensive evaluation for next proposal submission, 2) no paper account report, instead reporting it online, 3) no lengthy final report, instead unloading a brief overview of research achievements. For successful establishment of the NRF grant funding mechanism, the quality and quantity-based quantitative guidelines of research achievement for various research areas are essential. In this study, we suggest 3 quantitative indexes and these quantitative guidelines provides a supplementary tool for researcher's capability review. These guidelines will be also useful to elevate the reliability and objectivity of peer review.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.1 no.1
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• pp.73-82
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• 2000

Conventional funding system for the university research projects is limited to a grant or subsidy type funding method which does not require an obligation of refund. Such a funding system is known as ideal one for the university research activities which in general is not a profit oriented activities. It is considered ideal in a sense that nonprofit oriented research activities gives more emphasis on creativity than on efficiency or practical value. A venture- business-start-up research activity can not be considered as a pure nonprofit oriented activities. It clearly gives more emphasis on efficiency and practical value than on creativity Recently a large portion of the venture-business-start-up research activities are carried out in the universities. When a conventional research funding system is applied to such a new type of research activities, it turned out that the success rate is much lower than expectancy. This is why a new and differentiated funding system is sought for such a new type of research activities. A funding system of loan type for a venture-business-start-up research activities is proposed herewith. A loan system naturally requires a pay back after the successful start up of the venture business. This loan system nay be considered that a business concept is grafted on a conventional funding system for the university research activities. This means that a rather loose or generous terms and conditions of the money loan case is introduced into this funding system to remedy the short comings of the intrinsic nonprofit nature of the university research activities. The point is how to improve the success rate and how to reduce the undesirable aspect of the conventional university research activities when it is practiced with the new type of research activities. After one and half year of practicing with the new funding system. it can not be asserted that a definitely positive results could be obtained. but a trend of desirable aspects could be observed such as low drop out rate. project selection efficiency, higher sense of responsibility. etc.

• Proceedings of the Korea Technology Innovation Society Conference
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• 2012.11a
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• pp.341-350
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• 2012

• Journal of Technology Innovation
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• v.7 no.1
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• pp.151-175
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• 1999

This study develops principles for determining and managing costs applicable to grants and cooperative agreements for basic research. We investigated financial management policies of funding agencies and foundations in the United States, United Kingdom, Canada, Germany, Japan and Korea. Also we surveyed opinions of researchers and research fund administrators in Korean universities. Based on our review of funding agencies and our survey, the recommended management policies for grants and cooperative agreements are as follows: (1) Cost Structure. Cost of a sponsored agreement is comprised of the allowable direct costs and allocable portion of the allowable indirect costs. Direct costs can be further divided into salaries and wages, equipment, and other direct costs. (2) Salaries and Wages. Salaries and wages applied to a grant are paid for services rendered to the project during the period of performance of the particular agreement. In order to give researchers financial incentive, researcher allowance can be paid up to 30% of his/her regular salary. (3) Equipment. Any property purchased with grants which has an acquisition cost of 5,000,000 won or more per item and a normal life expectancy of two years or more is defined as equipment. Expenditures for special purpose equipment are allowable provided the acquisition of items is necessary for the research supported by the grant. (4) Other Direct Costs. Other direct costs are comprised of travel (both domestic and foreign), materials, other costs. Other costs may not exceed 30% of total other direct costs. (5) Indirect Costs. Since there is no clear consensus on indirect costs and additional budget is necessary to support actual indirect costs, the practical policy at the moment is to give a research support expense in lieu of indirect costs. In the future, however, some form of actual indirect costs should be supported. This study develops principles for determining and managing costs applicable to grants and cooperative agreements funded by the Ministry of Science and Technology. This research can be applied to other governmental agencies to give consistency and uniformity in administration of grants and cooperative agreements.

• Journal of Agricultural Extension & Community Development
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• v.8 no.1
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• pp.73-83
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• 2001

North Dakota State University (NDSU) Extension Service's purpose was to create a learning partnership that helped adults and youth enhance their lives and communities. NDSU Extension Service has maintained a strong blend of county, regional and state staff to support their program delivery. Experiment Station and Extension Service were integrated both in their job duties and at the administrative level. While researchers at the campus and center carried out both research and outreach activities with producers, Extension staff both at county and center carried out some research activities as well as outreach activities. The strong county-based Extension network was the main avenue for program delivery. Extension agents also provide programs on a multi-country basis. Program planning includes county advisory councils, multi-county advisory councils, support groups, and commodity groups, such as farmers and business people. Planning was used to shape their long-range plan of work along with adjustments to their annual activities. Funding of the NDSU Extension Service has been a blend of federal, state, and county dollars. In the past few years, grant dollars and agency partnerships have increased. Local input into extension programs, combined with support and funding from state and federal partners, enabled the extension service to truly meet the needs of people.

• The Journal of the Korea Contents Association
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• v.17 no.5
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• pp.34-44
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• 2017

This paper summarizes the results of the government R&D funding for ICT SMEs over the past five years, and compares the differences in R&D performance of the government funding methods (grant and loan). Two major ICT SMEs funding programs were examined, and the data used in the comparison were based on the performance analysis report published by the MSIP (Ministry of Science, ICT and Future Planning) every year. Considering that the projects' conductors were SMEs and that the R&D stages were in development research, the comparison categories were the number of patents and employment (or jobs) positions created, and commercialization success rate and its sales. Comparative analysis results proved that the SME R&D programs were funded with grants had excellent technological achievements in terms of the number of patent applications and registrations. On the other hand, SME R&D programs that were funded by the government loans had relatively higher economic and social achievements, such as employment effects and commercialization sales. However, it was difficult to come to a comparative conclusion on the category of commercialization success rate between the two programs. As the result, this paper provides suggestions for the direction and policy of the government financial support for ICT SME R&D.

• STI Policy Review
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• v.5 no.1
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• pp.75-97
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• 2014

Entrepreneurial financing, such as publicly initiated venture capital or grant schemes, serves as an important policy instrument that aims to bridge the financing gap facing young, innovative businesses, a gap that is mainly due to higher risk and growing uncertainty, and to strategically promote the creation of new ventures through the revitalization of their venture capital industries. This study examines public venture capital initiatives in Australia, Canada, and Sweden, and discovered that all three countries actively foster their venture capital industry through the formation of funds or the provision of tax incentives. It is notable that the majority of financing initiatives heavily depend on supply-side measures rather than demand-driven policies that focus on stimulating private investment in technological innovations and discoveries. This paper discusses in-depth the policy impact of public financing initiatives and their subsequent side-effects raised in the process such as overlapping in funding structure across the country, lack of monitoring and evaluation for feedback, fragmentation across the government ministries and agencies, and competition with the private sector, which may cause inefficiency as a result of public intervention. Financial constraints may arise for many reasons, partly resulting from the lack of investment readiness of young entrepreneurs. This signals a policy shift towards the creation of market-driven demand away from the traditional supply-push approach, and is a grand challenge to policymakers in entrepreneurial financing. Attention is leaning towards the efficiency and effectiveness of these public-financing initiatives in terms of their policy roles. It is worth noting that policy should focus on generating synergy so available resources can be channeled into the early, risky stage of new ventures, working as facilitator to the achievement of an intended policy goal.

• Korean Institute of Interior Design Journal
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• v.13 no.5
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• pp.198-205
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• 2004

The remodeling of apartment that improves the improves the life level is going to be in the market because of lots of old apartment buildings. Until now, the research of remodeling is mainly restricted to the laws and financial funding, however, the needs in the trend of remodeling. This research, first, through the examples of remodeling in the country, this study draws remodeling factors that can be applied. Secondly, this study targets the study of remodeling to apartments and analyzes the type of housings made by the Korea National Housing Corporation. Thirdly the study analyzes the features that appear in housing units and draws out factors of remodeling This research's result is arranged as follows. \circled1Need Remodeling thorough study of space expanded, grant between artificer and active performance improvement direction such as building equipment expansion along with Remodeling concept of unit repair. \circled2When apartments are newly built, systematic construction is necessary that considers future efficiency improvement from the design stage. \circled3This study, which applied the characteristic factors appearing after the 1990s to remodeling factors, show that they can be applied when remodeling the worn out wall-slab type apartments.

• Korean Institute of Interior Design Journal
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• v.13 no.5
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• pp.48-55
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• 2004

The remodeling of apartment that improves the improves the life level is going to be in the market because of lots of old apartment buildings. Until now, the research of remodeling is mainly restricted to the laws and financial funding, however, the needs in the trend of remodeling. This research, first, through the examples of remodeling in the country, this study draws remodeling factors that can be applied. Secondly, this study targets the study of remodeling to apartments and analyzes the type of housings made by the Korea National Housing Corporation. Thirdly the study analyzes the features that appear in housing units and draws out factors of remodeling This research's result Is arranged as follows. \circled1Need Remodeling thorough study of space expanded, grant between artificer and active performance improvement direction such as building equipment expansion along with Remodeling concept of unit repair. \circled2When apartments are newly built, systematic construction is necessary that considers future efficiency improvement from the design stage. \circled3This study, which applied the characteristic factors appearing after the 1990s to remodeling factors, show that they can be applied when remodeling the worn out wall-slab type apartments.