Abstract
In Korea, cooperation between university and company is mainly encouraged by government policy as the Triple Helix’s statist model. Since 2003, the government started a variety of university financial support program, and in 2014, it reached to the point that 31 ministries conducted 408 programs in total. Most projects focused on training human resources and supporting Research and development, which is considered as the core function of universities, but some of the projects are designed to support the industry–academia cooperation. For instance, the Ministry of Education ran ‘Leaders in University and Industry Cooperation (LINC)’ program. LINC is a follow-up project of Human Resources Development for the Leading Industries, Industry–Academia Cooperation-oriented University, and Focal Point Research program. Accordingly, it aimed to create university–industry cooperative models, and nurture talents based on regional economy’s demand. The program provided approximately $230M per year for over 50 universities across the country. It was one of the highly influential grant programs considering the fact that there are about 200 universities nationwide and an annual budget of university is $900 billion on average. In this context, this study is to assess the influence of resources of universities capacity on the achievement of university–industry cooperation and explore whether a government-initiated policy has a significant effect using data from government information disclosure system on education.
Highlights
Since the advent of the knowledge-based society in the 1980s, the world has started to change rapidly
Dependent and independent variables were determined through literature review. The former is university faculty’s capability, government-initiated policy, student support programs. The latter are identified as achievement in technology transfer, and student employment
It was assumed that the research capacity, education capacity and organizational capacity of the the government's financial support for universities is expected to show a positive relationship with university had aof positive effect model on UICare performance
Summary
Since the advent of the knowledge-based society in the 1980s, the world has started to change rapidly. Chesbrough (2006) defines this change as “open innovation” which means “the use of purposive inflows and outflows of knowledge to accelerate internal innovation, and expand the markets for external use of innovation, respectively”. Since the 1980s, when the globalization began in earnest, developed countries such as the US and Europe have begun to pay attention to creating new growth engines based on science and technology in order to overcome the deterioration of national competitiveness in the world market. This turned out to be a change in the national policy. It aims to understand the organic relationship between industry, academia and government and to present policy implications
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
