National Institute for Korean Medicine Development Recruits Companies for "Korean Medicine Medical Device Clinical Validation Support"

Applications Open Until June 10
Support of Up to Approximately 80 Million Won Available

National Institute for Korean Medicine Development.

[The Asia Business Daily Yeongnam News Bureau, Reporter Yeo Jonggu] The National Institute for Korean Medicine Development is recruiting companies to participate in the “Korean Medicine Medical Device Clinical Validation Support Project,” which allows medical devices on the verge of market entry to be verified in actual medical settings.

This project aims to evaluate the safety and efficacy of medical device prototypes or early-stage commercial products with real users, thereby securing high-quality data, identifying areas for product improvement, and providing opportunities for promotion, such as exploring new markets.

Companies wishing to apply must form a consortium with a medical institution that will conduct the validation of their product.

The project will be evaluated based on a comprehensive review of the following criteria: ▲ product completeness ▲ applicability in clinical settings ▲ potential for commercialization and market launch ▲ usefulness of clinical validation results.

The total project budget is 310 million won, and selected companies will receive support of up to approximately 80 million won each.

Applications will be accepted until June 10, and further details can be found on the website of the National Institute for Korean Medicine Development.

Jung Changhyun, President of the National Institute for Korean Medicine Development, stated, “Clinical validation with actual users greatly helps enhance product performance and technical capabilities while lowering barriers to entry in the medical device market. We hope many companies will participate.”

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