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Graduates With Master’s Degree in Entrepreneurship Launch Startup

Writer : KAIST Date : 2017-10-30 Hit : 2480

Lee Han-byul and Cha Chang-bae, first graduates of Master of Entrepreneurship and Innovation, form startup for programming education


Graduates With Master’s Degree in Entrepreneurship Launch Startup 이미지1

(From left) Lee Han-byul and Cha Chang-bae, still in their 20s, are driven by entrepreneurial passion.


 


Last August, Lee Han-byul and Cha Chang-bae became the first graduates of KAISTs Master of Entrepreneurship and Innovation Program. Three months have passed since then. Have they succeeded as entrepreneurs? With a clear vision for the next ten years, they are racing ahead at full speed.

85, Wolpyeongbuk-ro, Seo-gu, Daejeon. This is where their key to entrepreneurial success lies. Recently, they opened a private academy that teaches coding to young children. Their goal is to nurture talent in programming and to generate profit at the same time.

"We want to have a success story as entrepreneurs.  
 

They began dreaming of becoming successful entrepreneurs after joining the Master of Entrepreneurship and Innovation Program at KAIST. The two had led completely different lives, but shared an entrepreneurial passion.

Lee did not have a clear purpose in life before joining the army, but started planning ahead during his enlistment. He believed that "happiness comes from doing what you enjoy. Upon completing his military service, he decided to attend classes on entrepreneurship. Just when he felt discouraged from his lack of knowledge and personal connections, he learned that KAIST was recruiting new students for the Master of Entrepreneurship and Innovation.

Lee said, "I signed up for many classes on entrepreneurship, but I grew anxious because of my lack of practical experience. The masters course at KAIST helped me in realistic, practical ways.

After graduating from university, Cha had to choose between entrepreneurship and research. He joined the Master of Entrepreneurship and Innovation with the thought that there was no better time than now.

He said, "I chose entrepreneurship over employment, but I could not give a proper answer when the admission interviewer asked if I could define entrepreneurial spirit. If someone were to ask me the same question today, I would say its a love of challenges and a passion that helps to overcome failure.

The two graduates say that the greatest advantage of the program is its provision of systematic training on practical matters, enabling potential entrepreneurs to be better prepared before launching their own companies. This comes as no surprise, since the Master of Entrepreneurship and Innovation program was established for this very purpose.

In order to obtain the masters degree, students have to earn 12 credits in major courses, 3 credits in Entrepreneurial Leadership or other common mandatory courses, 4 credits in Advanced Capstone Design, 8 credits in elective courses offered by the K-School, and 6 research credits in the Startup Onsite Practicum, for a total of 33 credits.

The graduates were kept busier than in their undergraduate days, and did not dare dream of playing truant thanks to the highly customized nature of the courses. For Lee, the most helpful courses were Marketing and Finance. The marketing course was in line with the latest marketing trends, and what I learned could be directly applied. The finance course focused on areas important for entrepreneurs.

Chas favorite course was Leadership and Communication. "I did not know how to answer when the professor asked what I was going to do after earning money. He told me that it is our duty to give back to society. This was what motivated me to launch a startup in education.

"Happiness From Teaching... A Wish to Nurture Talent in Programming"

"Coding education will be introduced in middle and high school next year, and become mandatory even for elementary schools by 2019. In Daejeon, we could not find any private academy specializing in this area. We saw this as an opportunity for us to nurture talent in coding.

When asked why they chose coding education out of the many possible areas, the reply was, Its something we have confidence in, and it has a promising future.  

The duo quickened their pace once they decided to focus on programming education. Lee invested the funds he had saved since his undergraduate days in acquiring the educational space. The sign on the entrance emphasizes that the academy, which specializes in coding classes for young students, is run by KAIST graduates.

Lee, with a major in computer science, teaches the classes himself. The private academy opened only recently, but it is already seeing a huge increase in the number of students.

"Before opening our academy, we applied what we had learned from the masters program. We held a briefing session for parents, identified the needs of potential students, and chose a strategic location. These efforts helped to minimize the risk of failure.

The graduates are on the road to success, but still have a fear of failure. In a world of startups, success cannot be guaranteed. Lee said, "I told my friends to check back in ten years. I would either be a successful entrepreneur or a beggar. There are risks involved, but this is what I want to do. I plan to give it my best.

Cha said, "There is no such thing as 100% success when it comes to startups. We have to do our best because the business can evaporate overnight. My parents are very worried about me, and I want to do well and make them proud.

Instead of being overly ambitious, the two graduates hope to gradually work towards success. "We feel a sense of happiness from teaching. We want to provide systematic education by opening a junior coding research institute. Another interesting idea is to launch a program that encourages the average person to develop an interest in programming. Of course, we can also jump into other areas. Theres always a lot to learn from startups, regardless of how they turn out."




 

 

 

 

 

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