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The government R&D support on SMEs needs to encourage innovation and make them to the first destructive innovation in the world. Annually, government announces plans to increase the effectiveness of government R&D support program, but opinions are
divided to whether it is a balanced support or appropriate scale. This study suggests government's portfolio of SME's R&D project, based on biannual Korean Innovation Survey by determinants of technological innovation, innovation type and level of innovation
using determinants of technological innovation, innovation type and level of innovation. These criteria include: the ratio of dedicated R&D personnel is over 10%, possessing dedicated R&D organization and patents, and export ratio is over 30%. Based
on these criteria, four programs, 'First Step R&D', 'Product & Process Innovation R&D','R&D for Innovative Firm', and 'R&D for Hidden Champion' are suggested.

This empirical study analyzes the effects of firm’s investment on employment growth of non-financial companies among external audit corporation in Korea from 2008 to 2015. As a result, it is found that technology investment or human investment is more effective for employment growth than investment in tangible assets. In particular, human investment in SMEs, low-tech manufacturing industries and traditional service industries has a significant effect on employment. In Korea, which has entered the low-growth era, it has a policy implication that it is more effective for employment to support companies that invest in technology and human capital than investment in tangible assets. This analysis results give a very meaningful implication to our economy, which is suffering from the lack of jobs. This study conducted a dynamic analysis using firms and yearly panel data. In addition, the results of the analysis of the perfect story were derived by the method of the quantile regression analysis which considers size, industry, and growth distribution characteristics. It is meaningful that this study provides various perspectives and broader understanding of growth process. In order to analyze more precisely the effect of firms investment on employment growth, further study is needed considering the lag effect of investment and the mediating effect of investment, growth, and employment cycling.

The fourth industrial revolution and the global economic recession have recently reduced the size of the employment market for companies. Thus, the Korean economy can achieve job creation and economic growth through the activation of the start-up. Start-up can boost the national and local economies as well as the self-realization of individuals. In particular, the Business Incubator provides information on government policy funds, education and consulting services so that the founders can establish self-sufficiency in the early stage of the start-up. It is a great help for the activation of a start-up. In this way, the role of Business incubator is growing in the start-up ecosystem.
The suggested hypothetical relationships were tested with primary data from a sample 211 firms in the Business Incubator. The main findings of this study are as follows: first, it is found that servant leadership of Business Incubator's manager have positive impact on self-efficacy, manager satisfaction of firm but not on business performance. It is meaningful to extend the scope of research in the study of existing leadership of business incubator's manager.
Second, self-efficacy of firm have positive impact on the manager satisfaction and business performance, also manager satisfaction have positive impact on business performance. It can be seen that the role of self-efficacy is important as the factor that makes it possible for firms to satisfy Business Incubator's manager. Especially, it is considered that self-efficacy is important as a way to improve the business performance of firm.
Third, self-efficacy of firm mediated the relationship of servant leadership of Business Incubator's manager and manager satisfaction and business performance.
Thus, the hypothesis on the mediating role of self-efficacy of firm was supported. This study contributes to the understanding of business performance of firm by developing an theoretical model, incorporating the role of servant leadership of Business Incubator's manager, self-efficacy of firm and manager satisfaction.