Korea Bio Association and France Healthcare Club Hold 'Open Innovation Challenge'

[Asia Economy Reporter Lee Gwan-joo] The Korea Bio Association announced on the 12th that it hosted the 'Open Innovation Challenge' for five French healthcare club companies and domestic bio companies.

The Open Innovation Challenge was conducted as part of the association's 'Global Mingle' overseas expansion program, designed to support domestic bio companies in entering overseas markets and building cooperative networks. This event featured one-on-one meetings between French pharmaceutical and healthcare companies Sanofi, Servier, Biomerieux, Ipsen, IPK, and domestic bio companies.

For the first Open Innovation meeting, the association recruited domestic bio companies interested in collaborating with French bio companies until the 29th of last month, receiving a total of 41 applications. Among these, 24 companies were finally selected to participate in the first meeting to explore possibilities for inter-company connections such as joint research and technology export.

Companies discussed as candidates for follow-up meetings during this first meeting will proceed to a second meeting. Hwang Ju-ri, head of the association's Exchange and Cooperation Team, stated, "Recently, multinational pharmaceutical companies and global healthcare companies seeking cooperation with domestic bio companies have been increasing. The association will do its best to continuously provide such opportunity platforms to domestic bio companies."

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