Business Incubation Strategy of High-Tech Venture Firms in a Science Park - Technopolis: Best Practices for Science and Technology Cities - page 157

5 Development Strategy: Complex Model According
to the Development Stages

5.1 Concept

According to development goals and functions of the park, the technopolis
development concept can be divided into three kinds (Oh and Kang 1997 );
incubation center (innovation and incubation center at the universities), a research
park (R&D-oriented), and high-tech industrial park (productive-oriented).
Although functions of the three parks are different, they must be intimately related
to upgrade and strengthen the industrial structure. In the initial stage of tech-
nopolis, a research park can be located within a precinct to attract research
technicians and technological companies. After the development of the park
reaches a certain phase, an industrial park needs to be constructed to produce the
results of the R&D-oriented park. In the same way, the incubation center needs to
be established next to those parks for the purpose of supporting the business
environment for the R&D and industrial activities. Through the combination of
those three parks, the high-tech industries can be developed.
This kind of developmental relationship can be seen clearly in the development
strategy of DST in Daejeon: As DST permits basic research & prototype manu-
facturing, there should be another industrial park, which has no limit on the
amount of manufacturing performed so long as it is related to the R&D activity. In
that area, the main activities of their organizations are for research application and
production, rather than for research. By attaching a high-tech industrial park close
to the DST, R&D functions can be tied directly to the industrial activities in the
region. At the same time, an incubation center needs to be established for the
purpose of supporting the spin-off activities from R&D centers of universities in
DST. In particular start-up firms, after having been successfully matured in the
incubation center can then enter the productive-oriented industrial park. Thus, the
development process of technopolis is completed. The combination of these three
sectors (research park, high-tech industrial park, and incubation center) can be a
kind of complex model for technopolis: research, production, and business

incubation.

5.2 Policies for Business Incubation

The higher portion of R&D Centers in DST shows the better possibility of
developing concept (complex of R&D and industry) than any other regions in
Korea. Especially, the development concept of business incubation for supporting
spin-off activities must be emphasized in the area of Daejeon, which is the mother
city of DST. But, the resident labor force in Daejeon is disproportionately con-
centrated in commercial and service occupants. They are employed mostly in