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training IT specialists. In order to incubate a local cluster that will depend
heavily on virtual linkages, a comprehensive adaptation to the IT paradigm is
crucial. Development of new types of specialists will be needed, including
technology brokers, research experts, information and technology guides, and
animators. Optimizing and Sharing Facilities: For each region, the required
facilities for a viable technopolis could be kept to a minimum as long as they are
integrated into a shared system. The operational support infrastructure could be
optimized and many facilities could be shared over the network, including
incubators, prototype centers, pilot plants, online libraries, test laboratories, and
online conferencing facilities.
In addition, electronic commerce is quickly becoming an essential business tool
in an increasingly integrated world economy. E-commerce capabilities are another
kind of function that is much more feasible when implemented on a larger scale.
4 Case Study: Application of Business Incubation Model
in Daedeok Science Town, Korea
4.1 Current Status
Overview
Daedeok Science Town (hereafter DST) was originally designed and con-
structed as a science park model to achieve scientific developments and to
redistribute the concentrated population of Seoul to Daejeon when it was planned.
The 20-year project was finished in 1992 and accomplished as a strategic point of
national science and technology by the Ministry of Science and Technology
(MOST).
In the early stage, only government-run research institutes were located at the
west park, and at the second area, research institutes of the major Korean industries
settled at the east park until 1995. Since the mid 1990s, efforts are being made to
enable high-tech venture firms to be established in DST with mechanisms to
support the commercialization of R&D results achieved in DST. The main com-
ponents of this mechanism are TBI, Post-TBI, and venture park where start-up
firms can direct their efforts in commercializing their new technology. In this
consideration, Daejeon Metropolitan City Administration mapped out a scheme to
develop a high-tech industrial district, Daedeok Techno Valley (DTV). DTV links
DST to several other critical areas in Daejeon Metropolitan City. Due to the
positive effects of DTV's development on the regional economy and industry,
Daejeon City devised a citywide industry development structural plan in 2001
(Fig.
5
).
In 2002, central government had designated DST and its vicinity as Daedeok
Valley (DV) for the further development of technology commercialization based
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