Entrepreneurship Education and Research Commercialization of Engineering-Oriented Universities: An Assessment and Monitoring of Recent Development in Korea

Abstract

This research aims to assess and compare the entrepreneurial competitiveness of KAIST (Korea Advanced Institute of Science and Technology) and MIT (Massachusetts Institute of Technology) from entrepreneurship education and research commercialization standpoints. The assessment results have provided KAIST with strategic directions for implementation of new measures to enhance its entrepreneurial competitiveness. The new measures which brought a positive impact on the entrepreneurial performance of KAIST have been used to develop catch-up strategies for engineering-oriented universities in late-comer countries. The key findings of this research provide policy makers in late-comer countries with strategies for the successful university entrepreneurship.