News Summary

Research from King’s Business School highlights that South-east Asia’s tech ecosystem could benefit from collaborative innovation strategies similar to those in Japan and South Korea, rather than the disruptive model of Silicon Valley. In Japan and South Korea, large corporations often collaborate with start-ups, providing them with resources and networks while benefiting from their innovation. This approach has led to significant investment and growth in the tech sectors of these countries. For instance, Toyota has invested in the start-up Interstellar Technologies to facilitate the mass production of rockets. The South Korean government supports late-stage start-up investment through programs like the Deep Tech Value-up, involving major corporations such as Hyundai and Samsung. These collaborative efforts are seen as a way to enhance competitiveness and innovation in fast-changing markets.