Center for Business Incubation in Hanyang University

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Center for Business Incubation inHanyang
University
Seung Baek College of Business
Administration Hanyang University Seoul, Korea
sbaek_at_hanyang.ac.kr
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Hanyang University

• In 1939, Dong-A Polytechnic Institute was
  established.
• Hanyang University has
• 2 Campuses (Seoul Ansan Campuses)
• 20 Colleges
• 92 Departments
• 43 Research Institutes
• 1,000 Full-Time Professors
• 32,000 students
• 7,600 Graduate Students
• 8,800 Undergraduate Students

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Center for Business Incubation in Hanyang
University

• In 1997, CBI was established.
• By 1998, CBI incubated 10 companies.
• Seoul 6 Companies
• Ansan 4 Companies
• In 2000 and 2001, CBI in Hanyang was selected as
  the best incubator in Korea
• Currently, CBI is incubating
• Seoul Campus 17 companies
• Ansan Campus about 60 companies (including Lab
  Business Incubation 13 Companies)

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Aims and Objectives

• Our aim is to run the leading business incubation
  network provide quality services, expertise and
  information to assist the business incubation
  industry.
• Find promising entrepreneurs at start-up and
  during the early stages of business.
• Support them by using the university
  infrastructure, such as qualified manpower
  (professors students), facilities, and new
  technology.
• Encourage faster growth and greater survival
  rates of new companies.

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Our Approach
Promising Entrepreneur Selection
Target

• Start-Up Companies
• Students
• Alumni
• Professors
• Laboratory

Business Incubation
Post Incubation Management

• MA Support
• IPO Support
• Venture B-Plan
• International Technology Transfer

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Hanyang Incubator Supports

• Provide spaces facilities/Provide counseling,
  mentoring, advisory programs
• Provide CFAs CPA services/ Provide
  technology/Provide administrative services
• Provide superior manpower / Help to get patents

Business Incubation
Find and Support Potential Entrepreneurs

• Offer entrepreneurship-related courses (Venture
  Expo, Degree/Non-Degree
• Program for Entrepreneurs)
• Open new venture exhibitions/competitions for
  students and Alumni

• Support the business development process
• Access to a variety of market information
• Permission to dual positions
• Operate finance/accounting/marketing consulting
  desks

Help Professors to Commercialize University
Research (Lab BI)
Local Regional Business Support

• Operate consulting desks
• Operate and support Sung-Dong Hanyang Venture
  Park
• Evaluate companies for the venture park

• Operate finance/accounting/marketing consulting
  desks for overseas ventures
• Establish oversea BI centers

Support Oversea Ventures
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Sung-Dong Hanyang Venture Park
Sung-Dong District Office
Hanyang University

• Administrative Support for
• Venture Park
• Financing Support
• Maintenance

• Operational Support for
• Venture Park
• Management/Technology
• Support
• Manpower Support

Sung-Dong Hanyang Venture Park

• Promising Company Selection
• Seminar Offering
• Consulting Outsourcing
• Information Offering
• Business Incubation

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Organization
Hanyang University
Business Incubator (31)
Internet BI (15)
New Technology BI (8)
Technology Park (3)
Advisory Committee
Executive Committee
Seoul Campus
Ansan Campus
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Incubator Results
Unit 1000 Won
25 Tenant Companies Since 1998
In 2000 and 2001, BI Centers in Hanyang Univ
was selected as the best CBI
Among 25 companies, 3 or 4 companies are
preparing for IPO
CBI in Hanyang University is establishing an
international CBI in China.
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Master Plan

• Establish an international CBI
• in China
• Accumulate know-how about CBI

2003?

• Foster close interactions between university
• and SMEs
• Encourage faster growth and greater survival
• rates of new companies

2002?

• Raise awareness and understanding of the role
  and
• benefits of business incubation
• Expand business incubation network

2001?
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Case I Korea Geospatial Information
Communication

• About KISC
• KISC is company dedicated in developing
  innovative collaboration solutions that deliver
  information sharing framework to demands of the
  emerging high tech world.
• And completely devoted ourselves to 8 years of
  countless test through research, resulting in
  development of numerous application(3D GIS
  Underground Facility, WebCalc, IntraMap,GRASS)
• KISCS Business
• Geographic Information System
• FMSFacility Management System
  USIUrban Information System
• Enterprise GIS
  GIS(Geographic Information System)
• Land Information system
• Construction Information System
•  collects and manages all related information in
  construction technology, construction work,
   construction materials, standard construction
  research, CALS/EC, and internet/intranet related
  in the construction sphere .

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Case 2 Yura Vision

• About Yura Vision
• Founded in 1999 by members of Hanyang university
  IELAB (Image Engineering Laboratory)
• To develop and exploit the leading-edge
  technology in image based applications.
• Committed to be the leading worldwide supplier of
  the MPEG-7 based applications.
• Yura Visions Business
• The Industrial/Commercial Division manufactures
  various types of machine vision systems such as
  mobile-phone LCD inspection systems, and
  super-speed printed paper inspection systems for
  a wide range of manufacturing lines.
• The Academic/Research Division provides various
  applications in digital image processing systems
  utilizing MPEG-7 technology
• Yura Visions Business
• Sales Increase
• Before 443,925,000 Won
• After 1,070,810,000 Won (2001)

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2002 Plan

• Changing Business Incubation Environment
• Cooperation of Competitive Companies and
  Centers (Win-Win Strategy)

A. Changing Business Environment

• Limitation of Domestic Market
• International Marketing for Promising
  Companies and Products

• Focusing on Promising Companies ? Specialized
  in Post BI
• Maximize Survival Rates Reduce Failure
  Rates
• Space Expansion (5 6 Companies)

B. Strategy

• Specialized BI Center ? Establish ITBI in China
• Impending Needs for International
  Expansion of Korean IT ventures
• Increasing Importance of Chinese Market
• BI Champion (Leading BI)

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Action Plan 1
Provide One-Stop Service for Business Incubation
Hanyang University
- Business Incubating -
Finance/Accounting/Marketing Consulting Service

• Service
• Scope

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Action Plan 2
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Action Plan 3
Venture Business
Laboratory Business Foundation
Graduation
Hanyang Business Incubation Center (Seoul Ansan)
ANSAN Technology Park (ANTP)
Leading Venture
Professor

• Technology Support
• Management Support
• Financing Support

success
Student
Post BI Model
KOSDAQ
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Vision
Encourage the transfer of technology from the
university to the marketplace
Establish Specialized Internationalized CBI
Play an important role in collaboration model for
the university, the company, and the government
Play an important role in regional and national
business support
Select Educate Good Entrepreneurs
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.
Thank You
Seung Baek Telephone [phone] E-mail
sbaek_at_hanyang.ac.kr Web Site
http//sbaek.digital.re.kr