By Seowoo Chung, presented at the 18th TCI Global Conference, Daegu, 2015.

1. Local Government's Supportive Policies
according to the Growth Stages of Startup
Business in case of Seoul, Korea
Seowoo Chung,
Sungkyunkwan University,
Korea
Parallel Session 2.1: Cluster Models Worldwide. Unique Features, Common Challenges

2. KOREA: THE BIGGEST STARTUP
SUPPORTING COUNTRY
• IMF: Financial Crisis
• Venture Boom
• Low Growth Economy
• Creative Economy

3. Start-up Supportive Oragnizations
Central Government Local Government
Seoul
Gyeonggi

4. $1,621
$266
$3,995
$2,004
SMBA 2015 Annual Budget: $7.9 Billion
(Unit:Million, $1=￦1,000)
Normal Accounting Local Development Financing
Medium Enterprises Financing Small Enterprises Financing

5. $1,500
$100
$350$113
$212
$600
SMBA Loan for Small and Medium-sized Enterprises
Total $2.9 Billion (Unit:Million, $1=￦1,000)
Initiative Startups Package Financing R&D
Development Revival Management Support

6. STARTUP GROWTH STAGES:
View of Policies
Stage Ⅰ: Preparation (Start-up)
Stage Ⅱ: Action (Survival)
Stage Ⅲ: Development (Step-Up)
Stage Ⅳ: Revival (Re-Start)

7. STARTUP GROWTH STAGES:
View of Policies
• Financial Support
• Provide Education, Office, Network, and Commercialization
• Hierachy: Age, Gender, and Working population
Stage Ⅰ: Preparation (Start-up)
Stage Ⅱ: Action (Survival)
Stage Ⅲ: Development (Step-Up)
Stage Ⅳ: Revival (Re-Start)

8. STARTUP GROWTH STAGES:
View of Policies
Stage Ⅰ: Preparation (Start-up)
• Financial Support: Contribution, Subsidy, Loan, Guarantee
• Specified Support: Prototyping, R&D, Marketing, Office, Coaching, etc.
• Age: Less than 3, 5, or 7 years, Before the ‘Death-Valley’
Stage Ⅱ: Action (Survival)
Stage Ⅲ: Development (Step-Up)
Stage Ⅳ: Revival (Re-Start)

9. STARTUP GROWTH STAGES:
View of Policies
Stage Ⅰ: Preparation (Start-up)
Stage Ⅱ: Action (Survival)
• In or After the ‘Death-Valley’
• Coaching and Consulting, Financial: Loan, Guarantee
• R&D Support: Finance, Coaching, Business Modeling, Commercializing
Stage Ⅲ: Development (Step-Up)
Stage Ⅳ: Revival (Re-Start)

10. STARTUP GROWTH STAGES:
View of Policies
Stage Ⅰ: Preparation (Start-up)
Stage Ⅱ: Action (Survival)
Stage Ⅲ: Development (Step-Up)
• Education: Case-Study, Business Renovation, Strategy Studying
• Consulting, Boot-Camp, Financial Support
• Founding Specialized Organizations
Stage Ⅳ: Revival (Re-Start)

11. Local Government: Seoul
• Hierachy: Youth, Women, Senior
• Competitive Exhibition
• Hackathon
• Challenge 1000 Project
• SEOUL T-Stars 2015
• Culture/Media: DMC Center
• Global Network
• Media, Contents, Broadcast
• IoT, ICT, IT…

12. Limitation of Policies
• Field
• IT/ICT
• Repetition
• Double Benefit
• Multiple Application
• Bias(Narrow-Based)
• Money
• Space
• Unbalanced
• Early Growth-Stage
Focused
• Lack of Revival Support

13. Next Step: Cluster
Creative Korea

14. Seowoo Chung
Master Course , Sungkyunkwan University, School of
Tel : +82 10 6300 7451
Mail : seowoo07@gmail.com
Junyoung Oh
Master Course , Sungkyunkwan University
Tel : +82 10 3903 4379
Mail : hollisjy@gmail.com