Abstract

Silicon Valley has become a role model for many countries as a successful entrepreneurial area. Pangyo Techno Valley has sought for the opportunities of growth through the cluster of innovations. Pangyo Techno Valley and Silicon Valley are comparative in the aspects of business infrastructures, business environments and entrepreneurial customs. The objectives of this study were to identify the differences in five dimensions affecting the entrepreneurial environment of companies in each place: infrastructure, human resources, venture capital, networking and entrepreneurship. In infrastructure factors Pangyo Techno Valley showed higher satisfaction than Silicon Valley. The factors of human resource, venture capital, networking, and entrepreneurship were found to be higher in Silicon Valley than Pangyo Techno Valley. The results of this study are expected to provide insights in terms of policies for the growth of Pangyo Techno Valley.

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