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Korea Novartis and Korea Health Industry Development Institute Co-host the 3rd Health X Challenge Seoul
Recruiting Innovative Technologies in 'Digital Simulation' and 'Health Record Platform' Fields... Two Companies Selected

[Asia Economy Reporter Lim Cheol-young] The Seoul Metropolitan Government announced on the 12th that it will hold the '3rd Health X-Challenge Seoul' in collaboration with Korea Novartis and the Korea Health Industry Development Institute to discover and nurture outstanding startups with future innovative technologies in the global bio and pharmaceutical fields.

'Health X-Challenge Seoul' is an innovation technology discovery and nurturing competition in the bio and pharmaceutical fields jointly hosted by the Seoul Metropolitan Government and Novartis since 2020. So far, a total of four companies, two each year, have been selected and have received tailored support necessary for growth as specialized startups, including mentoring from Novartis, a global bio-medical company.

This year's Health X-Challenge Seoul themes are △ digital-based simulation and virtual technology and △ electronic medical records (EMR) and personal health record (PHR) platforms. Any startup or prospective entrepreneur worldwide with less than 10 years of experience and possessing innovative technology can apply. Two final companies will be selected, and the winning companies will receive research funding for technology development, expert mentoring, and customized coaching to strengthen Novartis's research and development and technology commercialization capabilities.

Additionally, to help them grow into global bio-medical companies, support will be provided for overseas networking and collaboration with related companies. For two years after selection, various nurturing benefits such as access to shared research equipment at Seoul Bio Hub and connections to investment attraction will also be available.

Companies wishing to participate in Health X-Challenge Seoul can apply from the 13th to July 12th through the official Facebook page of 'Health X-Challenge Seoul.' The final selected companies will be announced on September 29th.

Hwang Bo-yeon, Director of Economic Policy at the Seoul Metropolitan Government, said, “Seoul will discover innovative technologies in the bio-medical field such as infectious diseases and genetic diseases and strengthen support for promising startups that can lead the industry. Through an open innovation approach, we will diversify points of contact for our companies to collaborate with global companies like Novartis and discover and nurture promising companies that will lead next-generation innovative technologies combining bio-medical and digital fields.”

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