MBA
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2023 Global Entrepreneurship Summer School in Silicon Valley Successfully Concluded
< 2023 Silicon Valley Global Entrepreneurship Summer School Participants >
The 2023 KAIST Global Entrepreneurship Summer School (GESS) was successfully held. Co-hosted by the Center for Global Strategies and Planning (GSP) (Director Man-Sung Yim) and the Startup KAIST (Director Hyeonmin Bae), the 2023 KAIST GESS was the second one of the summer programs, repeating the Silicon Valley global entrepreneurship bootcamp of 2022 (2022 GESC), based on industry-academia collaboration. This program was designed to provide students with the opportunity to visit Silicon Valley, the global hub of entrepreneurship, and personally experience the Silicon Valley culture while developing human networks that would serve as a foundation for their overseas startup development.
A total of 20 participants were selected earlier this year, including potential KAISTian entrepreneurs and early-stage entrepreneurs from KAIST within one year of incorporation. In particular, a number of foreign students of various nationalities such as Vietnam, Azerbaijan, Honduras, Indonesia, Philippines, and Kazakhstan, increased significantly, demonstrating the enthusiasm for entrepreneurship across national boundaries along with the program's growing international status. This year's event was also open to 20 Impact MBA and Social Entrepreneur (SE) students from KAIST's College of Business for the Silicon Valley program.
For the past two months, the participants have trained on business model development and pitching at KAIST's main campus in Daejeon. From June 21st to the 30th, they visited the campuses of leading universities, such as, Stanford University, UC Santa Cruz, and UC Berkeley, as well as KOTRA Silicon Valley Trade Center (Manager Hyoung il Kim), and local alumni companies and Apple company to experience the global technology startups. The start-ups by KAIST alums including B Garage (CEO Aiden Kim), ImpriMed (CEO Sungwon Lim), Medic Life Sciences (CEO Kyuho Han), and VESSL AI (CEO Jaeman Ahn) participated in the program and gave lectures and company tours to inspire the participants to have passion to take on the entrepreneurial endeavors and challenges.
On the last day, the participants gave presentations on their team’s business items in front of local venture capitalists in Silicon Valley. After receiving continuous coaching from Silicon Valley's professional accelerators through remote video conferencing and face-to-face mentoring for the last two months, the participants developed their business models and presented their creative and innovative ideas, revealing their potential as future global entrepreneurs. At the final competition, Team Sparky that developed “Snoove” won the first prize. Snoove is a scientifically-proven mattress accessory that applies mild vibration to the mattress to aid users in achieving better sleep, a method previously used to soothe infants.
< GESS Pitching Day Presentation >
Kevin Choi from the Team Sparky said, "Seeing and experiencing the realities of entrepreneurship in Silicon Valley, a global startup scene, made me think about the importance of unlearning, challenging, and failing to be a global entrepreneur who contributes to our society." Man-Sung Yim, the Associate Vice President of the International Office, who organized the event added, "Through this experience, we expect KAIST students to grow to become global leaders who would create global values and enhance the international reputation of our university."
Meanwhile, the GSP and Startup KAIST commented that they will to continue to develop the KAIST GESS program to foster prospective entrepreneurs who can compete in the global market based on the success of this program.
2023.07.05 View 7254 -
Kenya-KAIST Kicks off with a 95-Million USD Funding from the Korean Government
KAIST, founded through a six-million USD loan from USAID in 1971, to provide turnkey-based education consultancy for Kenya’s first advanced science and technology institute.
KAIST and the Konza Technopolis Development Authority (KoTDA) announced the official establishment of Kenya-KAIST by 2021 during a kickoff ceremony on February 12 in Kenya. The KAIST delegation headed by President Sung-Chul Shin and Kenyan cabinet members and dignitaries including Minister of Education Amina Mohamed, the Chairman of the KoTDA Reuben Mutiso, and the CEO of KoTDA John Tanui attended the ceremony.
With this kickoff held at Konza Technopolis Malili, KAIST, the first and top science and technology university in Korea, will participate in Kenya’s strategic economic development plan with the provision of a turnkey-based science and technology education consultancy for the establishment of Kenya’s first advanced institute of science and technology. KAIST, which won preferred bidder status in consortium with Samwoo and Sunjin architecture and engineering companies, signed the contract with the KoTDA last November.
Korea Eximbank will offer a 95-million USD economic development cooperation fund loan to the Kenyan government. The campus will be constructed in the Konza Techno City located near Nairobi by 2021, with the first batch of 200 graduate students starting classes in 2022.
KAIST will develop academic curricula for six initial departments (Mechanical Engineering, Electrical/Electronic Engineering, ICT Engineering, Chemical Engineering, Civil Engineering, and Agricultural Biotechnology), which will lay the groundwork for engineering research and education in Kenya to meet emerging socioeconomic demands. In addition, KAIST will provide education in the basic science areas of math, physics, chemistry, and biology for students.
The Kenyan government plans to transform Kenya into a middle-income country under Vision 2030 through the promotion of science, technology, and innovation for national economic growth. Nicknamed Africa’s Silicon Savannah, Konza Techno City is a strategic science and technology hub constructed to realize this vision. To this end, the medium-term plan set a goal to provide specialized research and training in various cutting-edge engineering and advanced science fields.
It is also notable that the Kenyan government asked to develop an industry-academy cooperation program in the Konza Techno City. This reflects the high expectations for Kenya-KAIST and its role as a growth engine in the center of the Konza Technopolis. It is anticipated that the technopolis will create 16,675 jobs in the medium term and over 200,000 upon completion, positioning Kenya as an ICT hub within the region.
Saying that the partnership through Kenya-KAIST will bring a new future to Kenya as well as KAIST at the ceremony, President Shin reflected that the project will be a significant milestone for KAIST’s history and global competitiveness. He added, “With this Kenya project, we come to share the past, present, and future of KAIST. And I am very pleased to celebrate our shared vision: the empowerment of science, technology, and education.”
In particular, President Shin was accompanied by Dr. Kun-Mo Chung, a founding provost who served as the Minister of Science and Technology in Korea twice. He now serves as an advisor to Kenyan President Uhuru Kenyatta.
Dr. Chung had played a crucial role in securing a six-million USD loan from US AID to the Korean government to establish KAIST in 1971. He proposed the idea to establish an advanced science and technology institute in Korea to Dr. John Hannah, then the director of US AID.
The seed that was sowed five decades ago in Korea by Dr. Chung has now fully bloomed in Kenya. In only a half century, KAIST has become a donor institution that passes on science and technology education systems including the construction of campuses to developing countries.
KAIST has been acclaimed as US AID’s most successful foreign aid project. A report from the National Academy of Sciences in the US described KAIST as an exemplary case in which a former recipient of international aid has grown to become a science, technology and innovation leader.
The kickoff of Kenya-KAIST drew the attention of both media and local universities in Kenya, attesting to their strong interest to drive economic growth through advanced science and technology.
The University of Nairobi also hosted a special lecture by President Shin, asking him to share the recipe for the success of KAIST in Korea. In a lecture titled “A Crucial Engine for Rapid National Development,” President Shin presented the vision, innovation, and passion of the Korean people that led to the phenomenal results we can see today.
The successful case of KAIST has been benchmarked by many countries for years. For instance, KAIST set up the curriculum for the nuclear engineering program at the Khalifa University of Science and Technology in UAE in 2010. Since 2015, Chongquing University of Technology in China has been running its electrical engineering and computer science programs based on the educational systems and curricula offered by KAIST.
Last October, KAIST also signed an MOU with the Prince Mohammad Bin Salman College of Cyber Security, AI, and Advanced Technologies in Saudi Arabia to provide the undergraduate program for robotics.
Among all these programs benchmarking KAIST, Kenya-KAIST clearly stands out, as it carries out a turnkey-based project that encompasses every aspect of institution building, ranging from educational curricular development to campus construction and supervision.
Figure 1. KAIST President Sung-Chul Shin and Principal Secretary of Ministry of Education Collette A. Suda
Figure 2. Kickoff Ceremony of Kenya-KAIST
Figure 3. Conceptual image of Kenya KAIST
2019.02.13 View 6855 -
KAIST Earns AACSB Business School Accreditation
The KAIST College of Business re-earned business school accreditation from the Association to Advance Collegiate Schools of Business (AACSB) International. The school first earned the accreditation in 2003, and has continued to receive the accreditation four consecutive times. Currently only 5% of the 16,000 business schools around the world have earned AACSB accreditation. KAIST received a good evaluation for the competitive research of its faculty, its executive education programs based on strong industry-academia ties, and specialized MBA and master’s program, which includes programs such as social entrepreneurship and green business and policy.Alexander Triantis, dean of the Robert H. Smith School of Business at the University of Maryland and a judge for AACSB Accreditation said, “I was impressed to see students from KAIST have a high standard of knowledge. A number of its graduates continue to be appointed as professors of top universities abroad, which shows its strong global competence”. AACSB was founded in 1916 by deans of business colleges from prestigious universities such as Harvard University, Stanford University and Columbia University, to provide business and accounting accreditation to universities. Evaluation for AACSB accreditation takes place every five years. Schools are evaluated based on fifteen standards, including student admission and graduation requirements, student-faculty ratios, faculty’s intellectual contributions, research infrastructure, global cooperation, and industry-academia programs. They can be eligible for re-accreditation if they satisfy the conditions offered by AACSB International and are committed to continuous improvement every five years. KAIST also earned the accreditation from the European Foundation for Management Development Quality Improvement System (EQUIS) three consecutive times since 2010. In 2013, it earned membership into the Partnership in International Management (PIM). Membership is only possible for those who have AACSB and EQUIS accreditation and they can be listed as a candidate school through voting. The candidate schools can finally earn membership after one year of strict screening. As of January 2019, there are 65 prestigious graduate schools of business, including KAIST, listed as PIM members.
2019.02.01 View 4924 -
KAIST MBA program was ranked 99th by Financial Times Global MBA Rankings 2011.
The Business School of KAIST in Seoul made the 99th placement among the top 100 business schools in the world, according to the Financial Times Global MBA Rankings 2011. The Hindustan Times, an English daily newspaper in India, brifely carried an article on this topic. For the article, please go to http://www.hindustantimes.com/StoryPage/Print/656953.aspx.
Financial Times Business Education and School Rakings 2011: http://www.ft.com/businesseducation/mba2011
2011.02.03 View 9777 -
133 Diplomats Worldwide Visit KAIST
THE KAIST Herald April 8, 2004by jong-kyoung Kim
On March 12, diplomatic corps in Korea visited Daedeok Valley"s KAIST after taking a trial run on the Korea Train eXpress(KTX). Composed of ambassadors from 79 nations and 54 international organizations, the 133 diplomatic corps went on board KTX at 10:30 AM in Seoul and arrived in Daejeon at 11:20 AM.
Shortly after arrival, the diplomatic corps attended a luncheon hosted by the Minister of Foreign Affairs and Trade(MOFAT) before paying visits to the Electronics and Telecommunications Research Institute(ETRI) and KAIST. After being introduced to the current issues at KAIST, the diplomatic corps returned back to Seoul at 4:00 PM.
Seventy-nine embassy representatives out of eighty-seven currently stationed in Korea participated in this event, with fifty-four representatives from three international organizations. In addition, officials from the Ministry of Foreign Affairs and Trade, a commercial relations director, and a regional representative accompanied them.
The trial rides on April 1 were organized by the Ministry of Foreign Affairs and Trade to publicize Korea as being the fifth country (after Japan, France, Germany, and Spain) in the world to own an express train and to introduce the growth of Korea"s IT industry through visits to ETRI and KAIST.
Events such as this are held annually to improve the understandings of the diplomatic corps about Korea"s science, technology, culture and art and to further enhance bilateral relations.
2004.04.20 View 16244