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KAIST launched a new business incubation program, called “Startup KAIST,” to support the growth of venture companies in late November 2013.
The program fosters a spirit of innovation and entrepreneurship on campus while advancing the development and commercialization of new discoveries and technologies made at the labs of the university.
Startup KAIST promotes entrepreneurship culture among faculty, students, researchers, and alumni; supports the full cycle of a startup ecosystem from the introduction, growth, maturity, and liquidation of new companies; encourages the development of globally sustainable startups; and collaborates with the Daedeok Innopolis, the largest science and technology research, development and business complex in Korea that is located adjacent to KAIST in Daejeon, to expand the startup program to the nation and the global community.
Under the program, the Startup KAIST Studio will be established. The entire third floor of the Education Support Building on campus is dedicated to startup activities where aspiring entrepreneurs come to network, develop new ideas and innovations, and share information and knowledge.
With a total of 24,000 square feet space, the Studio has neither partitions nor cubicles, thereby promoting open communication. It has seminar rooms, a high-tech-equipped conference room, an exhibition hall, offices, and cafés. The Startup Studio will be available for use from March 2014.
In addition to administrative services, Startup KAIST will offer a variety of courses, forums, and conferences on such subjects as entrepreneurship, technology management, intellectual property, and venture capital, along with training and mentoring programs on how to organize a company, secure funding, and pursue entrepreneurial visions.
Seeking active collaborations with alumni, industry, and other science and technology universities through Startup KAIST, the university will redouble its endeavor to form early-stage venture companies. Seasoned professional coordinators or volunteering entrepreneurs will stay at the Startup KAIST Studio to provide timely support for members of the KAIST community.
President Steve Kang said, “Startup KAIST is a one-stop service to create a new, strong company, small and medium size in particular, around innovations and disruptive technologies developed at KAIST and its adjacent research complex, Daedeok Innopolis.”
“One of the important roles assigned to a research university today is to become a catalyst for knowledge and technology transfer among society, industry, and academia, upon which the advancement of humanity can build. KAIST will become a sounding board for engineers and scientists aspiring to launch a venture company to address their questions and concerns and to guide them through the startup process,” President Kang explained the need for implementing the Startup KAIST program.
Inside of the Startup KAIST Studio
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