Civil Engineering Reference
In-Depth Information
Fig. 10
Performance of CTP's start-up enterprises (
1999-2009
)
In addition to the business incubation program, CTP puts its effort in R&BD
(research and business development) activities. The R&BD program began in 2003
at CTP. The performance of enterprises by the R&BD program is another indirect
output of CTP. The sales amounts of the enterprises that participate in CTP's
R&BD program in 2003 were $1,215 million. This number became $ 4,013 million
by 250 enterprises in 2009. The total employed persons who were working at the
R&BD enterprises were 4,206. This number became 10,191 in 2009.
4.3 Five Star Enterprises of CTP
Among many successes of CTP for the last 10 years, the Star Enterprise Project is
the most tangible achievement. Five enterprises have been selected as Star
Enterprises so far. One of them is Evertechno Co., Ltd. The enterprise began its
business in 2000 with three people at CTP, listed on the Korean Stock Exchange
Market in 2007, and reached its production amount to $200 million with 450
workers in 2009. The enterprise has won the Grand Prize in 2009 ASPA(Asian
Science Park Association) Awards, which annually selects the best venture
enterprise among 13 Asian countries' candidates. The enterprise expects $1 billion
in production in 2013. More than 130 enterprises are following the path of
Evertechno Co., Ltd at CTP today.
One of CTP's Star-Enterprise, Young Hwa TECH Co., LTD, successfully
developed a superior technology in automobile parts, and has reached an agree-
ment providing its products to one of the biggest automobile companies in the
world, General Motors. It will provide $30 million worth of junction boxes to GM,
which will be assembled for GM's Cadillac Models. Junction box is a core part in
the hood to divide electricity and protect circuit, which provide electric energy and
information to other components. The company's quality of technology is con-
sidered as one of the best in the world. The enterprise has been a first vendor of
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