Recently, SME's Collaboration activities have become one of a vital factor for sustaining competitive edge. This is because of the rapidly changing and competitive market environment, and also to leverage performance by overcoming obstacles of having limited internal resources. Discussing about the effects and relationships of the firm's collaboration activities and its outputs are not new. However, as ICT and various technologies have been diffused into the traditional industries, boundaries and practice capabilities within the industries are becoming ambiguous. Thus contents of the products/services and their development methods are also go and come over the industries. Although many researchers suggested the relations of SME's collaboration activities and innovation performances, most of the previous literatures are focusing on broad perspectives of firm's environmental factors rather than considering various SME's idiosyncrasy factors such as their major product and customer types at once. Therefore, the purpose of this paper is to analyze how SME(Small Medium Enterprise)'s external collaboration activities by their idiosyncrasy act as an input to types of innovation performance. In order to analyze collaboration effects in detail, we defined factors that can represent the SME's business environment Perceived importance of using external resources, Perceived importance of external partnership, Collaboration and Collaboration levels of Major Product types, Customer types and lastly the Firm Sizes. We have also specifically divided the performance of innovation types as product innovation and process innovation based on existing research. In this study, the empirical analysis is based on Probit Regression Model to observe the correlations with the impact of each SME's business environment and their activities. For the empirical data, 497 samples were collected which, this sample data was extracted from the 'Korean Open Innovation Survey' performed by ETRI(Korean Electronics Telecommunications Research Institute) in 2010. As a result, empirical test results indicated that the impact of collaboration varies depend on the innovation types (Product and Process Innovation). The Impact of the collaboration level for the product innovation tend to be more effective when SMEs are developing for a final product, targeting on for individual customers (B2C). 1 Management of Technology, Graduate School of Yonsei University, Seoul, 120-749, Korea. 2 Communications Policy Research Center, Yonsei University, Seoul, 120-749, Korea 3 CTCC-Commercialization Support Team, ETRI(SME Support Team), Daejun, 305-700, Korea. 4 Graduate School of Information, Yonsei University, Seoul, 120-749, Korea. * Corresponding author (bglee@yonsei.ac.kr) [Received 31 July 2013, Reviewed 9 August 2013, Accepted 8 October 2013] ☆ 본 논문은 2013년도 인터넷정보학회 춘계학술발표의 우수논 문 추천에 따라 확장 및 수정된 논문임. ISSN 1598-0170 (Print) ISSN 2287-1136 (Online) http://www.jksii.or.kr http://dx.doi.org/10.7472/jksii.2013.14.6.95 중소기업 특성에 따른 외부 협업 활동이 혁신성과에 미치는 영향 96 2013. 12 But on the other hand, the analysis result of the Process innovation tend to be higher than the product innovation, when SMEs are developing raw materials for their partners or to other firms targeting on for manufacturing industries(B2B). Also perceived importance of using external resources has effected to both product and process innovation performance. But Perceived importance of external partnership was statistically insignificant. Interesting finding was that the service product has negative effects on for the process innovation performance. And Relationship between size of the firms and their external collaboration activities with their performance of the innovations indicated that the bigger firms(over 100 of employees) tend to have better for both product and process innovations. Finally, implications of the results can be suggested as performance of innovation can be varied depends on firm's unique business idiosyncrasy as well as levels of external collaboration activities. The Implication of this research can be considered for firms in selecting an appropriate strategy as well as for policy makers. ☞ keyword : SME's Innovation Performance, Collaboration, Product Innovation, Process Innovation, Probit Regression Model