Gwangju City Selected for Digital Medical Industry Commercialization Platform Project

[Asia Economy Honam Reporting Headquarters Reporter Park Seon-gang] Gwangju Metropolitan City announced on the 11th that its project, "Hospital-Centered Digital Biomedical Industry Commercialization Platform Construction Project," was selected in the Ministry of Trade, Industry and Energy's 2022 Regional Hub Support Project competition.

This project aims to build a platform supporting the commercialization of the medical industry by utilizing hospitals' medical big data, supporting the entire medical industry cycle including clinical-linked technology development and commercialization.

Although there has been significant industrial demand in the medical industry, there have been major barriers to product development due to difficulties such as ▲difficulty meeting with doctors ▲differences between what is desired to be created and what is actually needed in medical practice ▲challenges in evaluating effectiveness through clinical validation, making access to medical expertise difficult.

Accordingly, Gwangju plans to invest a total of 10 billion KRW over three years starting next year, including 6 billion KRW in national funds, 3.4 billion KRW in city funds, and 600 million KRW in private sector contributions, to establish an innovative cooperation system among hospitals' excellent infrastructure and industry-academia-research collaboration, creating a new model for the digital convergence medical industry.

The project is led by Chonnam National University Hospital (responsible Professor Jo Hyung-ho), which will support clinical data collection, processing, utilization, efficacy validation, and clinical consulting. Gwangju Technopark will support prototype production and business commercialization, and Chonnam National University will support product performance and safety evaluation, as well as product approval.

Son Kyung-jong, Director of the AI Industry Bureau of Gwangju City, said, "Recently, the medical industry is rapidly emerging as a future growth industry," adding, "If our Gwangju combines the expertise of hospital clinicians with artificial intelligence in the medical industry, we will create a new success model by generating a high value-added innovative convergence medical industry."

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