2010-07 - Korea IT Times

Interview
IC2 US/Korea Innovation, Results Card
is Coming, and it's Good News
The program has six phases:
Phase 1 : Recruitment of applicants,
Phase 2 : Screening and selection,
Phase 3 : QuickLook report,
Phase 4 : Mod 6 Training (this is part of the University of
Texas at Austin graduate practical innovation
program)
Phase 5 : Presentation Competition,
Phase 6 : Business Development.
Here are a few of the business development results. Each of the
company's stories is quite unique and so were the solutions...
IC2 Program Staff in Suwon
Pedagogy is the correct use of instructional techniques to
achieve teaching outcomes, or styles of teaching. One style of
teaching companies to create wealth through innovation was
founded by George Kozmetski who made a fortune as a defense
contractor and then became the Dean of the University of Texas
at Austin business school. At the business school George founded
the pedagogy behind the IC2 [that is pronounced as IC squared,
meaning Innovation, Creativity and Capital] Institute, the institute
with an innovation and business support program that has
gained results in over 5 countries, for hundreds of companies.
In Suwon, the program is headed by Dr. Joel Momberger and
a highly qualified staff. The team are a talented bunch and the
program has bilingual capacity. Some of the staff have been so
impressed with the achievements of the program that they have
begun the post graduate program from the University of Texas at
Austin that forms part of the program offered to SMEs.
As of August 2009, the program had screened 91 technologies,
made 20 market research reports, had 12 technologies accepted
for business development in the United States, made 7 results for
business development in the United States and trained 35 people.
This figure is conservative as the program is about to graduate the
second year of applicants.
DGS Co. Ltd.
DGS Co. Ltd. Were assisted by the program to sell their coated
clips for automatic braking systems to Hyundai. The clips are
now fitted to all Hyundai Kias.
Fastech
The IC2 program also assisted Fastech, to displace their
Japanese competitor. Fastech make production line automation
equipment for the likes of semiconductor factories and such.
Wheel Corp
IC2 made an interesting gain with clamp manufacturers,
Wheel Corp. The company makes clamps and was removed
from their market by a cheaper competitor. After disappearing to
add a research and development perspective to their product that
became their competitive edge, Wheel Corp was assisted back into
the original market that closed to them on account of price.
Theirs is a clean illustration of a simple principle giving a competitive
edge and a clean illustration of what the program can help
companies with.
Joel Momberger, Director of the program in Suwon, is passionate
about what he does. Joel said, "Governer Kim Moon-soo had
the vision to realize that the program really would create jobs and
wealth." With 37,000 SMEs and 42 Universities in Kyeonggi
60 KOREA IT TIMES | July 2010