Incheon TP, Customized Support for Bio Startups... Operating Accelerating Program

[Asia Economy Reporter Park Hyesook] Incheon Technopark (Incheon TP) is launching an initiative to nurture bio startups (new venture companies).

On the 27th, Incheon TP announced that it will operate a startup accelerating program as part of its support project to establish a bio cluster.

This program aims to increase the survival potential of promising startups in the bio industry and support their sustainable growth through technology startup program support such as consulting, mentoring, education, and investment linkage provided by private accelerators (startup planners).

The support targets are prospective entrepreneurs or early-stage companies in the bio, pharmaceutical, and medical device sectors that have been established for less than seven years.

Incheon TP will select 10 companies through a public contest, then after conducting company diagnosis and establishing a BM (benchmark for comparing fund management performance), it will select the final 5 companies to provide customized accelerating programs. These include mentoring and education, IP (intellectual property) advancement, promotion and marketing, IR (investment relations) activities, and investment attraction.

Additionally, support will be provided for operating a bio startup council, networking programs such as seminars, and follow-up connections with investment institutions.

An Incheon TP official stated, "We plan to implement specialized support programs considering the characteristics of the bio industry," adding, "We will strive to serve as a foundation to advance the Incheon bio cluster ecosystem."

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