GIST's center for it has existed since the 90s, but the major programs have been made since 2013. They established the courses for General Education related to entrepreneurship and start-ups, so that all members can experience it. They have two mock start-up programs. One focuses on specifying the start-up ideas, and the other one evaluates the marketability and technology of each start-up.
KAIST has one of the most well-ordered start-up supporting systems in Korea. Its history starts from the 80s, and numerous well-known companies were born in KAIST. They hold various lectures from famous entrepreneurs, and have well-organized mentorship programs, and various start-up competitions.
Hanyang University and SNU ranked 1st and 2nd place respectively on the number of venture founders, according to Joongang Daily on Oct. 22. These universities have distinct start-up ecosystems produced by their alumni. It’s similar to APGC in POSTECH. It encourages young students to approach start-ups easily and provides proper aids in the initial stage of start-ups.
The processes of start-up in POSTECH are conducted by the whole departments of Administration for Business Development, including APGC-Lab and BIC. The system was built in 2012, with the newly appointed head of BIC, Professor Sungjin Park (ME), who was a member of POSTECH’s 1st graduates class. APGC-Lab was established at that time and started its career last year. Their program, “Tech+ star” supports start-ups giving financial aids and advice, and “Tech+ innovation” provides Postechians an opportunity to experience the real company works from APGC. BIC described the future POSTECH unique start-up ecosystem, and said “Failure is allowed, keep challenge against the failure, and seniors give consequent feedbacks to juniors. Virtuous cycle blooms in POSTECH.”
Visible results have already appeared. Each semester, 7 to 8 teams have benefited from the programs mentioned above. This is considerable growth considering that there were only one to three new start-up teams each year before the establishment of APGC-Lab. To quote APGC-Lab’s motto, “Engineering’s basic idea is to adapt proper technology to help people prosper human life.” Thus, engineering’s starting point is none other than start-ups. May the members of POSTECH use their valuable ideas to develop something that helps people prosper.
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