Technology Based Regional Development Policy : Case Study of Taedok Science Town, Taejon Metropolitan City, Korea

The technopolis is increasingly seen as means of promoting technology-led economic development. Using Taedok Science Town (TST), a technopolis near Seoul, South Korea, as an example, the role that a technopolis can play in the promotion of city development through technology advancement is highlighted. A number of policies that contributed to the increase in collaboration between high technology venture businesses and university-industry partnerships that contributed to the economic development of the region are reviewed. The role of business incubators within universities and research institutes and their contribution to the expansion of high tech venture businesses within the region is then discussed. Some of the policies that provide for the systematic nurturing of venture businesses from the initial stage to the final stage are identified. Their role in the development of a positive nurturing environment that enabled the development of a number of high tech venture firms is then discussed. (VRS)