Creative challenge research refers to high-risk, high-reward exploratory research and development (R&D) activities characterized by substantial uncertainty, but with a potentially transformative impact. As global technological competition has intensified, creative challenge research has gained prominence as a key innovation strategy for leading countries. We define the concepts and characteristics of creative challenge research and comparatively analyze domestic and international support policies, institutions, and programs. As a case study, we examine the Creative Challenge and Connecting Investment Program operated by the Electronics and Telecommunications Research Institute (ETRI), which is funded through technology licensing revenues, to analyze the structural features and outcomes of an autonomously planned creative challenge research model led by a government-funded research institute. The results indicate that the program contributes to the domestic creative challenge R&D ecosystem through a growth-ladder-type, four-stage linkage structure, as well as a virtuous cycle of technology–licensing revenue reinvestment. Building upon these findings, we derive institutional implications for invigorating creative challenge research in South Korea.
Keyword
고위험·고보상형 R&D, 창의도전 연구, 창의도전 이음투자사업, 혁신도전형 R&D
KSP Keywords
Case studies, High risk, Innovation strategy, Linkage structure, Research and Development, Research institute, South Korea, Structural features, Virtuous cycle, exploratory research, ladder-type
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