Sejong City-KAIST, Fostering Biomedical Companies
[Asia Economy (Sejong) Reporter Jeong Il-woong] Sejong City and KAIST are launching efforts to foster biomedical companies in the Sejong area.
The city announced on the 1st that it will promote the "Biomedical Active Material Advancement Infrastructure Project" with this purpose.
Before starting the project, the city is recruiting companies to support until the 22nd. Biomedical active materials refer to new materials that increase added value by processing, fermenting, and synthesizing natural compounds derived from natural biomaterials to supply nutrients necessary for the human body and to prevent and treat diseases.
After being selected for the first phase of the Smart Specialization Infrastructure Project last year, the city will invest a total of 13.7 billion KRW to establish a Biomedical Active Material Center on the second floor of the Industry-Academia-Research Cluster Support Center and promote company support and workforce development.
The support scale by category includes ▲technical advice up to 3 million KRW ▲technical consulting up to 15 million KRW ▲prototype production up to 25 million KRW ▲material testing and analysis up to 2.5 million KRW ▲approval and certification up to 40 million KRW.
The project will be carried out by the KAIST Biosynthesis Research Group, with the support period lasting six months from next month until October.
The city plans to strengthen company development functions through this project to enhance the technological competitiveness of the regional industry and grow Sejong into a hub for the biomedical active material industry.
Other detailed information regarding the recruitment of participating companies can be found on the websites of the Biosynthesis Research Group Foundation and the city hall.
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A city official said, “We will strengthen bio-related technology development and company support by utilizing the Biomedical Active Material Center equipped with 58 types of commercialization equipment, including testing and analysis devices,” adding, “Through this, we will ensure that Sejong becomes a hub city for the biomedical active material industry.”
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