Accelerators
– venture incubator of new generation - are attracting attention in major countries such as USA recently. Expectation on the role of accelerators in the start-up ecosystem is also rising. The number of organizations that claim themselves as accelerators has been increasing rapidly in Korea. Korean government just began to provide various supports based on accelerator registration since 2016. But do the organizations that claim themselves as accelerators really possess features considered for the new generation of venture incubation? And how will the government intervention affect the accelerator sector that just began? We will answer these questions using data from 2016 to 2018. We find that among organizations that recognized as accelerators in 2016 only 42% possess the new features fully (“typical accelerator”). Typical accelerators are more likely to be established by former entrepreneurs, to be located in broader areas in Seoul, and to have foreign mentors, sponsors and startups in their programs than the rest. Finally, we find that both typical accelerators and the rest established before 2016 do not respond to government policies much: the registration rate of both is very low. This implies that the recent policies are inducing the entry of organizations different from those typical accelerators

The purpose of this study is to identify the agility capability for smart manufacturing companies and Smart SCM. In detail, the effect of environmental uncertainty factors on agility capacity and the effect of agility capacity on firm and supply chain performance are analyzed. In addition, it is divided into the reactive and efficient supply chain constituent companies, and the difference between the environmental uncertainty factor and the agility capacity is studied. In a study of the entire firm, environmental uncertainty has some significant impact on agility, flexibility, speed, and simplicity. Agility capacity also has a significant effect on financial performance, internal performance, and external performance. In the reactive supply chain, environmental uncertainty has a partially significant effect on agility capacity, and agility capacity has a partial effect on firm and supply chain performance. Also, in an efficient supply chain, environmental uncertainty has some significant impact only on flexibility and responsiveness, and agility capacity has a partial effect on firm and supply chain performance. Finally, comparing the differences of environmental uncertainty and agility capacity between reactive and efficient supply chain constituents, there is a significant difference in all items of flexibility, responsiveness, promptness and simplicity in customer uncertainty and agility capacity, of companies were higher. These results show that agility capacity should be raised in the context of environmental uncertainty caused by the fourth industrial revolution and agility capacity for Smart manufacturing and Smart SCM can be linked to enterprise and supply chain performance. In addition, the level of environmental uncertainty and agility is more required in the reactive supply chain, so the support for them should be given priority.

Since the global financial crisis, many countries around the world are pursuing various policies to stimulate the economy and secure future growth engines. Accordingly, this study we examined the results of youth startup financing support provided to young entrepreneurs in the age of the 4th Industrial Revolution and tried to suggest a method of reorganizing effective cooperative financing system to existing youth startup financing support system for revitalization of youth startups in cooperation with private financing institutions and policy financing institutions. With the advent of the 4th Industrial Revolution, a business model based on specialized and advanced technologies unlike existing business models is required. In addition, cooperative financing for the revitalization of youth startups requires continuous technological development and policy efforts linked to the private and public sector rather than one-sided government support. To this end, first, the government should introduce and strengthen the "youth startup investment cooperative financing" centered on youth startups. Second, the financial support system combining investment and loan in the form of public-private sector cooperation should also be introduced and strengthened. Third, the promotion of linkages with private investment for the youth startup centered on startup sites should be strengthened. Fourth, the government should strengthen ‘Startup education first and startup fund support next’ policy. Fifth, The government should operate "Fourth Industry Youth Startup Crowd Funding" that young entrepreneurs can use when they start their businesses. Finally, government’s financial support for youth startups should be focused on cooperative financing based on the logic of "choice and concentration". In conclusion, this paper tried to suggest financing systems such as start-up policy financing, crowdfunding, FinTech, combination of investment and loan by Silicon Valley Bank Venture Capital of the United States provided to young entrepreneurs in the 4th Industrial Revolution.