MIT REAP Team Seoul’s regional focus is on the city of Seoul, with the ambition to impact all of South Korea. Seoul Metropolitan Government is the backbone organization in MIT REAP Team Seoul. The team is also represented by a strong entrepreneurial and corporate group, as well as Sogang University, Korea Growth Investment Corporation, and Ministry of Strategy and Finance.

Team Members

University
Government
Corporate
Risk Capital
Entrepreneur

Innovation Ecosystem Stakeholder Model

Seongwook Moon
Champion
Professor, Sogang University
Gahye Cho
Co-founder/ Doctoral Student, Onionfive/Sogang University
Oryung Kwon
Vice President, KT
Meesoon Lee
Senior Research, Korea Small Business Institute
Sangwon Lee
Manager, Korea Growth Investment Corporation
Joonmo Park
Former CEO, SIT Engineering Company/ Sogang University
Sanghyun Park
Assistant Manager, Office of Growth Ladder Fund
Sungjun Park
Deputy Director, Ministry of Strategy and Finance
Kidon Yu
Research Fellow, LG Economic Research Institute
Jeffrey Lim
Head of Campus Seoul, Google Campus Seoul
Sumin Park
Director General, Ministry of Strategy and Finance
Jonghwa Lee
Director, Ministry of Strategy and Finance

Team Strategy

  • Challenge & Opportunity
  • Strategy & Action

 

  • Strategic Intervention(s):
    • Influence national policy to support accelerator programs by identifying and tracking success metrics for accelerators working with innovation-driven enterprises.
    • Evaluated the strategies and objectives that differentiated CCEIs and private corporations such as Google
    • Co-publication with MIT REAP faculty Professor Scott Stern and team Champion, Seongwuk Moon
    • Engaged with the local government and is using examples of US based accelerators to make their case.
    • Initially, plan to research biotech accelerators.
  • Metrics of Success/ Sustainability

Success and performance metrics of CCEIs

Core Regional Metrics

Economic & Social Progress

Social progress and economic prosperity as a collective measure of development in a region.

Innovation-Driven Entrepreneurial Ecosystem

Innovation-Driven Entrepreneurial Ecosystems are regional environments that effectively support startups focused on addressing global markets based on technological, process or business model innovation.

Innovation Capacity

Ability to develop new to the world innovations from inception through to the market.

EXPAND ALL

People

-Pool of innovators
-Education in tech and commercialization

Performance

Policy

-Competition policy
-Intellectual property policy
-Technology transfer and collaboration policy

GCI

Demand

-Nature of established companies in region

Funding

-Funding for research
-Government programs

Culture & Community

Coming soon!

Infrastructure

Coming soon!

Entrepreneurial Capacity

Ability to start and build new to the world businesses from inception to maturity.

EXPAND ALL

Funding

-Accessibility of entrepreneurial capital (government, private, equity, debt, grants)

People

-Pool of entrepreneurs
-Quality of entrepreneurial education

GEM

Policy

-New business creation policy
-Business law and business policy

Demand

-Government, corporate and consumer demand for new products and services

Performance

Coming soon!

Culture & Community

Coming soon!

Infrastructure

Coming soon!