We Strongly Support Bio Startups Entering the Global Market

UNIST Holds Performance Report Meeting for Overseas Lab Startup Innovation Group Based on Public Technology on the 24th

Introduces Achievements of 5 Companies Supported for Overseas Expansion... Shares Best Practices and Explores Market Entry

Final Performance Report Meeting of the 2020 Public Technology-Based Market-Linked Startup Exploration Overseas Laboratory Startup Innovation Group Project held at Eunice Park on the 24th.

[Asia Economy Yeongnam Reporting Headquarters Reporter Kim Yong-woo] ‘Bio startups’ that have stepped out of the laboratory gathered on a stage aiming for the global market.

This event was held to explore whether there are strategies to showcase innovative technologies to the global market.

Ulsan National Institute of Science and Technology (UNIST, President Lee Yong-hoon) held the ‘2020 Public Technology-Based Market-Linked Startup Exploration Overseas Laboratory Startup Innovation Group Project Final Performance Report Meeting’ at 10 a.m. on the 24th in the on-campus startup space, UNISPARK.

This event was organized to share the results of the bio startup support program conducted under the supervision of UNIST in 2020.

The program provided various educational opportunities, including global mentoring linked with UC San Diego in the United States, to laboratory startup companies.

The online event was conducted in two parts.

In the first part, five companies supported by the 2020 Laboratory Startup Innovation Group project presented their achievements, and in the second part, two companies that participated in UNIST’s existing overseas expansion support projects and achieved excellent results shared their cases.

The companies participating in the first part introduced business models redefined for global market entry and discussed business model validation and business strategy improvements with experts in each field.

First, Seohong Tech Co., Ltd. (CEO Kang Hyun-duk) introduced a smart mat that prevents pressure ulcers and a smart insole product that can reduce abnormal foot pressure during walking.

Next, Tyroscope Co., Ltd. (CEO Park Jae-min) presented technology to monitor thyroid hormone levels, and Incell Co., Ltd. (CEO Joo Ji-hyun) showcased cell therapy products based on induced pluripotent stem cells.

Along with these, HNB Genomics Co., Ltd. (CEO Hong Jeong-han) presented a musculoskeletal disease diagnosis and prognosis prediction system using artificial intelligence (AI), and MyoTech Science Co., Ltd. (CEO Kim Hyun-soo) reported on the development status of new drug treatments for sarcopenia.

In the second part, excellent cases of companies that had participated in UNIST’s existing overseas expansion support projects were shared.

UNIST faculty startup companies License Medical Co., Ltd. (CEO Kim Geon-ho) and Clinomics Co., Ltd. (CEOs Kim Byung-chul and Park Jong-hwa) introduced their ongoing overseas businesses, respectively.

Afterwards, startup companies, investors, and startup stakeholders freely exchanged information on establishing locally adaptable business models necessary for overseas market entry, consulting on permits and approvals, and establishing local corporations.

Kwon Soon-yong, head of the UNIST Industry-Academia Cooperation Foundation, said, “The global market entry support project will greatly help increase successful cases of overseas expansion and accumulate know-how for customized overseas incubation,” adding, “We will increase cases of global market entry and expand the global network to foster the startup ecosystem.”

At the online event, representatives from UNIST, UC San Diego, Ulsan Technopark, Ulsan City, Bundang Seoul National University Hospital, Chungbuk Creative Economy Innovation Center, and about ten investment firms and accelerators including Schmidt, Mirae Science & Technology Holdings, Big Bang Angels, Mint Venture Partners, E&Venture Partners, The Wells Investment, and Naver Healthcare Research Institute participated to gauge new ‘big hits’ of bioindustry items aimed at the global market.

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