Gyeongnam Province and Yangsan City Strive to Attract K-Bio Lab Hub

Ministry of SMEs and Startups Applies Busan National University Yangsan Campus Advanced Industry-Academic Complex as K-Bio Lab Hub Candidate Site

[Asia Economy Yeongnam Reporting Headquarters Reporter Park Saeyan] On the 4th, Gyeongnam Province and Yangsan City announced that they have applied for the Busan National University Yangsan Campus Advanced Industry-Academia Complex as a candidate site for the Ministry of SMEs and Startups' 'K-Bio Lab Hub Establishment Project.'

'K-Bio Lab Hub' is a startup company fostering cluster that establishes residence and research spaces for new drug development startup companies and supports from candidate substance discovery to clinical stages.

The Ministry of SMEs and Startups plans to select one optimal candidate site by the end of July.

The province judged that the Busan National University Yangsan Campus Advanced Industry-Academia Complex, with a total area of 390,348㎡, has excellent living conditions and is the optimal site for the lab hub as it is concentrated with four medical schools and four specialized hospitals.

Additionally, Yangsan City is located at the center of the Busan-Ulsan-Gyeongnam (Bu-Ul-Gyeong) Megacity and possesses locational advantages that maximize the effectiveness of establishing the K-Bio Lab Hub.

The province plans to build a startup R&D technology innovation center, joint GMP facilities, non-clinical and clinical trial centers, and a human resources training center over two years starting from 2023 if the advanced industry-academia complex is selected as the candidate site.

Furthermore, industry, academia, research institutes, and hospitals will collaborate to operate a systematic startup fostering program.

Meanwhile, the province stated that it is preparing strategies to advance the existing bio-industry by fostering the pharmaceutical, bio, electronic medicine, and digital healthcare sectors, and is promoting government proposals and the establishment of bio funds.

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