Abstract
The purpose of our study was to propose the measures necessary to promote industry-academic cooperation by investigating and analyzing factors affecting its performance Recently, the Korean government increased the budget available for industry-academic cooperation to help nurture industrial talent and promote industry-academic cooperation. In our study, the results of industry-academic cooperation for 48 universities that carried out the 5-year LINC development project from 2012 to 2016 were analyzed via panel analysis to identify any factors affecting the performance. Our analysis revealed that the organizational capabilities of the university—including the number of dedicated professors, the number of projects assigned, and the financial support—had a significant effect on technical commercialization. In addition, we found that the moderating effect of allied companies on the relationship between the organizational capabilities of universities and their technical commercialization was significant. However, the results of our analysis differed depending on university location. Universities in and around the Capital region benefited from their organizational capabilities and cooperation with allied companies. Based on the results of the analysis, we conclude that it is necessary to consider a variety of factors, including efficient support of the industry-academic cooperation budget and practical application of industry-academic cooperation systems.
Highlights
Received: 3 August 2021Accepted: 1 September 2021Published: 7 September 2021Publisher’s Note: MDPI stays neutral with regard to jurisdictional claims in published maps and institutional affiliations.The global economy is becoming increasingly knowledge-based, and changes to the population structure due to low fertility and aging, as well as changes in the technology industry, are affecting society as a whole
The analysis revealed that research funds for LINC, allied companies, and the interaction term FR*CO had significant effects on the technology transfer performance; the other variables did not have a significant effect on technology transfer
The positive and significant moderating effect of the cooperation with allied companies on the relationship between organizational capabilities and technology transfer performance showed that having better relationships with allied companies in the region is beneficial to improving the academic performance of the universities
Summary
Publisher’s Note: MDPI stays neutral with regard to jurisdictional claims in published maps and institutional affiliations. The global economy is becoming increasingly knowledge-based, and changes to the population structure due to low fertility and aging, as well as changes in the technology industry, are affecting society as a whole. In the case of Korea, half of the population lives in the capital area—which comprises only 10% of the country’s area—and most economic activities are based in the capital area. The difficulties faced by the local economy are accelerating. The Korean government classifies the country into five economic zones to support and promote various types of financial funds and programs to local governments and universities in these regions
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