Incheon TP Selected as Leading Institution for Industrial Innovation Technology Support... Driving Growth in the Bio Industry

Collaboration with 8 Organizations, Integrated Support for Bio SMEs and Mid-sized Companies

[Asia Economy Reporter Park Hyesook] Incheon Technopark (Incheon TP) announced on the 25th that it has been selected as the leading domestic institution in the bio sector in the Ministry of Trade, Industry and Energy's 'Industrial Innovation Technology Support Platform Construction Project' competition.

This project aims to create a corporate support service ecosystem centered on research infrastructure centers equipped with various research equipment and professional personnel, thereby efficiently aiding corporate growth.

Incheon TP formed a consortium with eight institutions nationwide, including research institutes and universities, and will invest 4.6 billion KRW in national funds by 2025 to provide integrated support for domestic bio small and medium-sized enterprises (SMEs) and mid-sized companies.

They will collaborate with Pohang TP-Gyeongbuk Bio Industry Research Institute (natural product-based health foods), Busan TP-Yangsan Busan National University Hospital (biopharmaceuticals), Soonchunhyang University-Jeonnam Bio Industry Promotion Agency (functional cosmetics), and Keimyung University-Daegu Gyeongbuk Advanced Medical Industry Promotion Foundation (medical devices). Over 50 research infrastructure centers registered in the Ministry of Trade, Industry and Energy's industrial technology development equipment shared system (i-Tube) will also contribute.

Incheon TP plans to create an integrated database (DB) system containing equipment and service information from these institutions to enable systematic corporate support through sharing.

First, by the end of the year, they will accelerate full-scale corporate support by assisting over 50 bio-related companies with technology consulting, efficacy evaluation and certification testing, and clinical and non-clinical trial services to help commercialize their products.

An Incheon TP official stated, "This will greatly help the commercialization of bio products with secured trust and stability for SMEs and mid-sized companies," adding, "We will strive to provide optimized corporate support services to help companies achieve success stories."

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