Gyeonggi Economic Science Institute Transfers 'Biotechnology' to Local Companies

[Asia Economy (Suwon) = Reporter Lee Young-gyu] Gyeonggi Province will transfer related technologies to bio companies within the province.

On the 30th, the Gyeonggi Provincial Economic Science Promotion Agency announced that it signed a 'Business Agreement for Bio Technology Transfer and Research Cooperation' with local bio companies including Notox Therapy, Daeun Medical, Alpha Bio, SI Bio, Oncobix, CoPharm, TIN, and Fuzhen Bio at the Gyeonggi Provincial Government Office in Suwon.

This agreement was prepared to transfer technologies developed by the Gyeonggi Economic Science Promotion Agency, supported by Gyeonggi Province, to local bio companies and to promote research cooperation for the development of new drugs and functional products.

The technologies to be transferred include ▲ snake venom neutralization technology ▲ substances for prevention and treatment of skin diseases ▲ analysis technology for marker substances of Schisandra complex extract ▲ skin whitening composition derived from Job's tears bran ▲ acne improvement substances derived from green tea, etc. ▲ substances for prevention and treatment of inflammatory bowel disease.

According to the agreement, bio companies will conduct joint research planning and discovery for technology advancement and commercialization, provide consulting, exchange technology and knowledge information through forums, seminars, and workshops, and jointly utilize facilities and equipment.

Lee Jae-myung, Governor of Gyeonggi Province, said, "Research and development and technology development are very important for the development of the bio industry, which is a future food source, but they require a lot of time and cost, making it difficult for individual entities such as the promotion agency and private sector to carry out the entire process alone." He added, "Through this agreement, the province will actively accept the opinions of local companies and spare no comprehensive support at the local government level for the development of Gyeonggi Province's bio industry and the improvement of residents' lives."

Kim Ki-jun, Director of the Gyeonggi Provincial Economic Science Promotion Agency, promised, "Bio technology does not end with simple technology transfer; it is more important to commercialize and industrialize it. The Economic Science Promotion Agency will do its best to collaborate with industry-academia-research and local companies for the development of Gyeonggi Province's bio technology and business model development."

The Gyeonggi Economic Science Promotion Agency has been promoting the Gyeonggi Province bio industry fostering support project, establishing a bio-material discovery system, discovering new materials, and supporting research activities of bio companies.

This content was produced with the assistance of AI translation services.