Stimulating Entrepreneurship Activity at SUNY Korea, from Scratch

Abstract

The Republic of Korea is a country well-known for fostering innovation. However, the country historically has not been a leader in fostering high-quality innovational entrepreneurship ecosystems. To address this, the State University of New York (SUNY) in Korea, an international branch campus in Incheon, launched a Center for Global Entrepreneurship (CGE) in 2017 to offer its students and faculty a “networking point” with both global and local entrepreneurship communities. The Center also has in-house programs like ideation hackathons, workshops on sales/negotiation and business modeling, and other mentorship opportunities. This chapter offers an account of the progress, experience, and lessons learned from the establishment of SUNY Korea’s CGE.