• Title/Summary/Keyword: R& D Performance Commercialization

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Case Study on the Effect of IPO on the Technology Commercialization Performance of the New Drug Development Bio Venture Company (증권시장 상장이 신약개발 바이오벤처기업의 기술사업화 성과에 미치는 사례연구)

  • Kim, Ju Young;Ha, Kyu Soo
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.14 no.1
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    • pp.151-166
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    • 2019
  • New drug development requires 10 to 15 years of long time and more than $ 1 billion in funding, ranging from basic research${\rightarrow}$preclinical medicine${\rightarrow}$clinical medicine${\rightarrow}$product approval${\rightarrow}$sales. Many new drug development bio-venture companies will continue to pursue new drug development with funds secured through listing on the securities market. This study focuses on the impact of the listing on the market of bio-venture companies in the development of new drugs. It is necessary to determine whether the increase in registered patent, preclinical, clinical and technology transfer contracts at the time of listing (D) The results of this study are as follows. We also analyzed whether the registered patent, preclinical, and clinical effects had significant effect on technology transfer contracts at two years after listing and listing. The results of the analysis are as follows. First, Korea's new drug development bio-venture firms increased their registered patents but did not increase their pre-clinical, clinical and technology transfer contracts. Second, at the time of listing and two years after listing, pre-employment has a significant effect on Korea's technology transfer contracts and has a significant effect on overseas technology transfer contracts. However, registered patents and clinics have significant influence on technology transfer contracts. Korea 's new drug development bio-venture firms showed patent increase despite the stock market listing, but pre-clinical, clinical and technology transfer contracts did not increase. In order to strengthen technological commercialization of new drug development bio-venture companies in the future, it is required to establish R & D strategy for efficient use of IPO subscription funds, open innovation through strengthening industry-academia-partnerships, and more sophisticated preclinical and clinical strategy establishment.

An Empirical Study on Factors Impacting Operational Performance of Technology Commercialization Support Programs (기술사업화 지원사업의 운영성과에 영향을 미치는 요인에 관한 실증연구)

  • Yang, Jong-Gon;Kim, Jin-Gyu
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.21 no.4
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    • pp.190-200
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    • 2020
  • This study examined the effectiveness of the 'Youth Technology Transfer Specialist Training Project' for students of natural sciences and engineering colleges implemented using a 2018 revised supplementary budget. The cause and effect research model composed of project satisfaction, results of employment, and start-up. Five factors were developed based on a literature review. A total of 2,363 questionnaires were collected through 66 Industrial-Academic Cooperation Groups participating in the Youth TLO (Technology Licensing Officer) program for an empirical test. SPSS 23.0 was used to analyze the obtained data empirically and verify the hypotheses. The result of the analysis showed that the following five independent factors were significant for the program satisfaction as well as the program satisfaction for the performance of employment and start-up: 1) project operation-related recruitment and selection, 2) training support, and 3) working conditions, 4) control of the project, and 5) activity support. This study verified the level of satisfaction with the program empirically using comprehensive data. In terms of practical implications, improvement of operational programs helps improve program satisfaction, and in turn, results in improvement of employment and start-up of youth to achieve the goals of government.

Accomplishment Analysis of the Fire Fighting and Safety Research Development Program Supported by Ministry of Public Safety and Security (2012-2014) (국민안전처 소방안전분야 연구개발사업(2012년~2014년)의 성과분석)

  • Chung, Jae-Han;Han, Yong-Taek
    • Fire Science and Engineering
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    • v.30 no.4
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    • pp.141-147
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    • 2016
  • The fire fighting and safety research development program supported by Ministry of Public Safety and Security is composed of fire prevention and alert technology research, special disaster response technology research, and rescue and disaster-field response safety technology research. The principal accomplishment indices of this research program are (1) patent submitting or registration; (2) field test, ensuring performance criteria for commercialization, development of prototype, registration of software, royalty of technology-transfer; (3) the task to be carried out in a published research paper, and number of applied policies; and (4) the study period of task performance of employment and incubated high-technology manpower. Therefore, this study analyzed the performance result of a patent, research paper, and software registration of the fire-fighting and safety R&D program supported by Ministry of Public Safety and Security from 2012 to 2014.

Determinants for Long-term Cooperation Between Public Research Institute and SMEs (출연(연)과 중소기업의 장기적 협력을 위한 영향요인 분석: 출연(연)의 인력파견사업을 중심으로)

  • Song, Minkyoung;Park, Beom Soo
    • The Journal of the Korea Contents Association
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    • v.17 no.3
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    • pp.654-665
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    • 2017
  • It is major strategy for SMEs to cooperate with other companies or Public Research Institutes(PRIs) as the essential technology is getting more complicated and technological life cycle is getting short. However, It is not easy to perform a proper cooperation with SMEs for PRIs, because they are accustomed to support SMEs in the short run. In addition, previous studies also have mainly focussed on finding determinants of performance as a consequence of temporary cooperation instead of long-term relationships among companies. Therefore this study analyzed which satisfaction is more effective to maintain the long-term cooperative relationship between PRIs and SMEs. As a result, it has found that when SMEs satisfy from quality of input like manpower supports R&D and context of the support program over the output like technological or economical performance, they intend to continue cooperation with PRIs. And this paper shows that the performance has mediated effect rather direct effect on long-term cooperation intention. In light of all the above, to cooperate with SMEs effectively, it will be suggested that PRIs enhance quality of support process and contents instead of quantity of support based on one-time cooperation.

A Study of Competency for R&D Engineer on Semiconductor Company (반도체 기술 R&D 연구인력의 역량연구 -H사 기업부설연구소를 중심으로)

  • Yun, Hye-Lim;Yoon, Gwan-Sik;Jeon, Hwa-Ick
    • 대한공업교육학회지
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    • v.38 no.2
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    • pp.267-286
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    • 2013
  • Recently, the advanced company has been sparing no efforts in improving necessary core knowledge and technology to achieve outstanding work performance. In this rapidly changing knowledge-based society, the company has confronted the task of creating a high value-added knowledge. The role of R&D workforce that corresponds to the characteristic and role of knowledge worker is getting more significant. As the life cycle of technical knowledge and skill shortens, in every industry, the technical knowledge and skill have become essential elements for successful business. It is difficult to improve competitiveness of the company without enhancing the competency of individual and organization. As the competency development which is a part of human resource management in the company is being spread now, it is required to focus on the research of determining necessary competency and to analyze the competency of a core organization in the research institute. 'H' is the semiconductor manufacturing company which has a affiliated research institute with its own R&D engineers. Based on focus group interview and job analysis data, vision and necessary competency were confirmed. And to confirm whether the required competency by job is different or not, analysis was performed by dividing members into workers who are in charge of circuit design and design before process development and who are in the process actualization and process development. Also, this research included members' importance awareness of the determined competency. The interview and job analysis were integrated and analyzed after arranging by groups and contents and the analyzed results were resorted after comparative analysis with a competency dictionary of Spencer & Spencer and competency models which are developed from the advanced research. Derived main competencies are: challenge, responsibility, and prediction/responsiveness, planning a new business, achievement -oriented, training, cooperation, self-development, analytic thinking, scheduling, motivation, communication, commercialization of technology, information gathering, professionalism on the job, and professionalism outside of work. The highly required competency for both jobs was 'Professionalism'. 'Attitude', 'Performance Management', 'Teamwork' for workers in charge of circuit design and 'Challenge', 'Training', 'Professionalism on the job' and 'Communication' were recognized to be required competency for those who are in charge of process actualization and process development. With above results, this research has determined the necessary competency that the 'H' company's affiliated research institute needs and found the difference of required competency by job. Also, it has suggested more enthusiastic education methods or various kinds of education by confirming the importance awareness of competency and individual's level of awareness about the competency.

A Study on the SMEs Priority System in National R&D programs: Definition and interpretation of Terms (국가연구개발사업 중소기업 우선제도에 관한 소고: 관련 규정의 용어 정의 및 해석)

  • Jung, Dong Duck
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.11 no.4
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    • pp.205-213
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    • 2016
  • This study clarified the definition and interpretation of terms relating to SMEs Priority System. First, 'Domestic' is defined that the address of office is in our country. Second, 'Technology utilization capacity' is defined that the de facto capacity to technology commercialization and utilization. for example. development or production or sales activity of the production using national r&d performance. Third, 'priority' in priority consideration is defined that when there are many companies trying sign technology utilization contract, technology providers shoud provide the opportunity of signing contract to SMEs primarily. 'priority consideration' is defined that technology providers shoud try to do enough to sign a contract with SMEs. This study has significance in that raising the application of the current SMEs Priority System.

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Big Wave in R&D in Quantum Information Technology -Quantum Technology Flagship (양자정보기술 연구개발의 거대한 물결)

  • Hwang, Y.;Baek, C.H.;Kim, T.;Huh, J.D.
    • Electronics and Telecommunications Trends
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    • v.34 no.1
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    • pp.75-85
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    • 2019
  • Quantum technology is undergoing a revolution. Theoretically, strange phenomena of quantum mechanics, such as superposition and entanglement, can enable high-performance computing, unconditionally secure communication, and high-precision sensing. Such theoretical possibilities have been examined in the last few decades. The goal now is to apply these quantum advantages to daily life. Europe, where quantum mechanics was born a 100 years ago, is struggling to be placed at the front of this quantum revolution. Thus, the European Commission has decided to invest 1 billion EUR over 10 years and has initiated the ramp-up phase with 20 projects in the fields of communication, simulation, sensing and metrology, computing, and fundamental science. This program, approved by the European Commission, is called the "Quantum Technology Flagship" program. Its first objective is to consolidate and expand European scientific leadership and excellence in quantum research. Its second objective is to kick-start a competitive European industry in quantum technology and develop future global industrial leaders. Its final objective is to make Europe a dynamic and attractive region for innovative and collaborative research and business in quantum technology. This program also trains next-generation quantum engineers to achieve a world-leading position in quantum technology. However, the most important principle of this program is to realize quantum technology and introduce it to the market. To this end, the program emphasizes that academic institutes and industries in Europe have to collaborate to research and develop quantum technology. They believe that without commercialization, no technology can be developed to its full potential. In this study, we review the strategy of the Quantum Europe Flagship program and the 20 projects of the ramp-up phase.

Performance and Emissions Characteristics of Agricultural Generator and Air Heater using DME Fuel (DME를 이용한 농업용 온풍기와 발전기의 성능 및 배출가스 특성 연구)

  • KIM, SHIN;MIN, KYOUNIL;PARK, CHEUNKYU;LEE, HYUNCHAN;NA, BYUNGKI
    • Transactions of the Korean hydrogen and new energy society
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    • v.27 no.4
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    • pp.431-440
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    • 2016
  • Electric or hydrogen energy source is expected to solve a various issues including energy security and exhaust pollution. However, it is required a lot of time and a variety of development to apply for commercialization. Therefore, it is needed to translation fuels between the future and the present. DME (Dimethyl Ether) can play a reduce exhaust emission from medium- to heavy-duty engines that are mostly used in commercial sector. It have applied to the DME fuel as a various alternative fuel including power generation in many countries. Especially, it is necessary to secure the energy of energy-poor areas that are widely distributed around the world. And Korea also has the energy-poor areas due to geographical characteristics. These areas has been covered by their own energy through some small diesel generators, diesel boiler etc. If DME fuels are supplied in new demand such as rural sector with energy poor area, DME fuel will be available in the wider sector. In this study, it investigated performance and emission characteristics of agricultural generator and air heater using DME fuel. So the existing equipment of generator and air heater was modified to apply DME fuel. And combustion characteristics and properties of exhaust gas according to the contents of the DME fuel were evaluated. DME fuel showed a potential application in agricultural generator and air heater.

Sound Absorption Properties of Sound Absorption Materials Using Zelkova serrata Leaves

  • Eunji Bae;Junho Goh;Dahye Yeom;Kyungrok Won;Reekeun Kong;Heeseop Byeon
    • Journal of Forest and Environmental Science
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    • v.40 no.2
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    • pp.90-98
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    • 2024
  • This study analyzes the characteristics of sound-absorbing materials made from forest by-products of the deciduous tree species Zelkova serrata (Z. serrata) by evaluating their sound absorption performance. Accordingly, sound-absorbing materials with varying sample thicknesses, leaf sizes, and drying conditions were fabricated. The sound absorption properties were measured using the impedance tube method via middle-type measurement tube (100 Hz-3,200 Hz). The sound absorption properties were evaluated using the average sound absorption coefficient (ASAC), which was calculated from the measured sound absorption coefficients at 250 Hz, 500 Hz, 1,000 Hz, and 2,000 Hz. The ASAC value significantly improved as the leaf size increased to 0.5×0.5 cm2, 1.0×1.0 cm2, and 2.0×2.0 cm2. The ASAC values under the two drying conditions were similar. There was no significant difference in ASAC according to the leaf size under the air-dried leaf condition, with a thickness of 2.50 cm. The highest ASAC value according to the sound-absorbing material thickness was 0.47 at a thickness of 2.50 cm and leaf size of 2.0×2.0 cm2 under the air-dried leaf condition. In addition, the variation in ASAC was 0.23, indicating that the sound absorption performance according to leaf thickness was more significant than the difference in absorption properties according to leaf size. A sound absorption coefficient (SAC) of 0.4 or higher was observed across the measurable frequency band (100 Hz-3,200 Hz). Furthermore, the SAC values with respect to leaf size and thickness were close to 1 in the high-frequency range above 2,000 Hz. Therefore, it is considered that sound-absorbing materials using Z. serrata leaves are advantageous in the field of absorbing noise in a high-frequency band of 2,000 Hz or more, and it is better to manufacture a thickness of 2.50 and 2.0×2.0 cm2.

The study on the impacts of the foundation and management of the Innopolis start-ups focusing on the entrepreneurial intention of researchers (연구자의 창업의지를 중심으로 살펴본 연구소기업 설립.운영의 효과)

  • Lee, Seong-Sang
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.9 no.1
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    • pp.69-77
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    • 2014
  • Innopolis start-ups belong to the category of the research-based spin-offs, but in the meantime, has characteristics that separate them from the research-based spin-offs in terms of the process of technology commercialization. This study aims to assess the impacts of the foundation and management of the Innopolis start-ups in terms of expansion of entrepreneurship through entrepreneurial intention of researchers and economic achievements. A data set from 22 Innopolis start-ups and 200 researchers in 14 PRIs through door-to-door interviews and surveys is studied. Main findings are as follows: First, the foundation of the Innopolis start-up has a positive and strong impact on expansion of entrepreneurship through entrepreneurial intention of researchers. Second, technology transfer performance of researchers turns out to be major factor that affects entrepreneurial intention. Third, expansion of entrepreneurship, along with economic achievements characterized by sales, job creation and R&D investment, is a positive effect of the foundation and management of the Innopolis start-ups. The results of this paper provide an opportunity to test whether Innopolis start-up's strength in technology commercialization can be applied to actual management of the Innopolis startup and to examine the general direction in which the foundation and management of the Innopolis start-ups is heading.

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