Dong-A University Strives to Establish the 'Open MEGA Consortium University' Model Based on Integrated Industrial Complex

'Industry-Academia Cooperation Policy Forum'... Vision for Innovation in Local Industry-Academia Cooperation Governance

'Dong-A University and Dongseo University Selected for Glocal University 30', Securing Future Growth Engines

Dong-A University is continuing its innovative efforts to establish a successful model for the 'Busan Open MEGA Consortium University' based on its integrated Industry-Academia Cooperation Foundation.

Dong-A University (President Lee Haewoo) successfully hosted the '3rd Industry-Academia Cooperation Policy Forum,' organized by the Dong-A University-Dongseo University Industry-Academia Cooperation Foundation and the Dong-A University LINC 3.0 Project Group.

The forum, held on the 18th at Park Hyatt Busan in Haeundae, Busan, was attended by President Lee, Kim Sungjae, Head of the Industry-Academia Cooperation Foundation, officials from Dong-A University, the Dong-A University LINC 3.0 Project Group, Dongseo University Industry-Academia Cooperation Foundation, Lee Gilwoo, President of the Korea Society of Innovation, Kim Bongsu, President of the Korea Technology Commercialization Promotion Agency, Kwak Yongwon, Head of Technology Commercialization at the Korea Institute for Advancement of Technology, An Haneul, Head of Evaluation and Analysis at the Busan Institute of Industrial Science & Innovation, Yoon Youngseok, Director of Research Outcomes Dissemination at the Electronics and Telecommunications Research Institute, Kim Yongwoo, Director of the Busan Center for Creative Economy & Innovation, Kang Taehung, Head of New Drug Development at Prestige Biopharma IDC, Jung Uksang, Head of the Southeast Financial Center at KDB Industrial Bank, Choi Yeonhwa, Director of Youth Hope Policy at Busan Metropolitan City, as well as representatives from universities, government, local governments, and regional companies, totaling around 80 participants.

Previously, Dong-A University and Dongseo University proposed an innovative direction by operating a 'profit-generating integrated industry-academia foundation' and institutionalizing the 'Busan Open Consortium University' model, leading to their preliminary selection for the Ministry of Education's '2024 Glocal University 30' initiative.

This forum, held ahead of the final selection for the 'Glocal University 30,' served as an opportunity to solidify the foundation for the integrated industry-academia foundation's success model and to gather opinions from various sectors, discussing 'Innovation and Vision for Governance of Industry-Academia-Region Collaboration for Sustainable Growth as a Glocal University.'

Invited lectures were given by Lee Gilwoo, President of the Korea Society of Innovation, and Kim Bongsu, President of the Korea Technology Commercialization Promotion Agency, on the topics of 'Diagnosis and Improvement Plans for University Technology Commercialization Organizations' and 'Regional Innovation through Technology Commercialization,' respectively.

After the lectures, a comprehensive discussion session was held. Panelists included Kwak Yongwon, Head of Technology Commercialization at the Korea Institute for Advancement of Technology, An Haneul, Head of Evaluation and Analysis at the Busan Institute of Industrial Science & Innovation, Yoon Youngseok, Director of Research Outcomes Dissemination at the Electronics and Telecommunications Research Institute, Kim Yongwoo, Director of the Busan Center for Creative Economy & Innovation, Kang Taehung, Head of New Drug Development at Prestige Biopharma IDC, Jung Uksang, Head of the Southeast Financial Center at KDB Industrial Bank, and Choi Yeonhwa, Director of Youth Hope Policy at Busan Metropolitan City. They exchanged diverse opinions on policy, technology commercialization, technology startups, industry-academia cooperation, finance and funding, and regional settlement.

President Lee Haewoo stated, "This forum is a process of laying the groundwork for creating innovative business models based on the integrated industry-academia foundation and establishing sustainable governance through the alliance between Dong-A University and Dongseo University, ahead of the final evaluation for the 2024 Glocal University 30 support project. With a strong private university alliance, we will take the first step toward building global competitiveness together with local governments and industries, seeking sustainable future strategies for Busan beyond the final selection for Glocal University 30."

Kim Sungjae, Head of the Industry-Academia Cooperation Foundation, said, "The foundation serves as an 'open innovation' platform and channel connecting universities, local industries, and local governments, acting as a hub for regional innovation. However, compared to revenue, the commercialization performance remains around 1%, so bold innovation and vision are urgently needed to overcome these structural limitations."