Domestic & International Environment Analysis for Small and Venture Company Participation in System-Level Development in Strategic Defense Industries

Key Points

• This research aims to analyze the domestic and international environments affecting small and venture companies' participation in strategic defense industries using PEST and SWOT analyses.
• Performed PEST and SWOT analyses on six advanced strategic industries in defense.
• Examined existing institutional mechanisms in various countries facilitating early participation of small and venture companies.
• Proposed an operational framework for the designation of specialized defense innovation companies.
• Identified that leading defense nations have mechanisms linking standards, certification, and procurement to support small company involvement.
• Highlighted that despite existing support systems in South Korea, structural participation of small and venture companies in system development remains lacking.
• Presented a new framework aimed at enhancing participation of defense-related SMEs and startups in initial development stages.

Abstract