Professor, Sogang University
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.
Success and performance metrics of CCEIs
Social progress and economic prosperity as a collective measure of development in a region.
Innovation-Driven Entrepreneurial Ecosystems are regional environments that effectively support startups focused on addressing global markets based on technological, process or business model innovation.
Ability to develop new to the world innovations from inception through to the market.EXPAND ALL
-Pool of innovators
-Education in tech and commercialization
-Intellectual property policy
-Technology transfer and collaboration policy
-Nature of established companies in region
-Funding for research
Ability to start and build new to the world businesses from inception to maturity.EXPAND ALL
-Accessibility of entrepreneurial capital (government, private, equity, debt, grants)
-Pool of entrepreneurs
-Quality of entrepreneurial education
-New business creation policy
-Business law and business policy
-Government, corporate and consumer demand for new products and services