Management issue of government initiated innovation cluster: Case of Gwanggyo Techno-Valley

Many governments are trying to enhance national technological competitiveness by developing a kind of innovation cluster. Science park, technology park, or Innopolis - regardless of the name - are the kind of the innovation cluster. It is known that there are many success factors of innovation cluster such as location, availability of high quality manpower, good living environment, good universities and so on. Since many of the innovation clusters were supported by central/local governments, the governance itself influences the performance of innovation cluster. However, little thoughts were given to the governance and management of the innovation cluster. In the presentation, the theories of innovation cluster are briefly reviewed especially in the perspective of governance and management. The experience of Gwanggyo Techno-Valley (GTV) suggest that the governance issue was not properly considered, even though it is very important for the future performance of the GTV. Finally, it can be learned that more detailed action plan with right management body is necessary in the case of reginal government driven innovation cluster development.