Donated 10 Million KRW to Pukyong National University... Professor Generously Contributes Earnings from Startup to 'Head Office'

Professor Seungmok Cho, CEO of Nutright Co., Ltd., a Health Functional Food Specialist Company

Professor Jo Seungmok is presenting a development fund to President Jang Youngsoo of Pukyong National University.

[Asia Economy Yeongnam Reporting Headquarters Reporter Kim Yong-woo] The company donates its profits to the 'headquarters'!

A startup company whose headquarters was established in a university laboratory donated 10 million KRW as a development fund to that university.

When a professor at a national university succeeded in starting a business with technology developed in the laboratory, he also generously donated part of the profits to the school as a development fund.

On the afternoon of the 15th, at the development fund delivery ceremony held in the president's office on the 3rd floor of the university headquarters, Pukyong National University announced that Professor Cho Seung-mok (majoring in Food Engineering), CEO of the faculty startup company Nutright Co., Ltd., donated 10 million KRW.

Professor Cho Seung-mok said, "The achievements from experiments and research with the researchers could become products recognized not only in the laboratory but also in the market thanks to the school's support and interest," adding, "I hope this development fund will repay that help and be a small contribution."

Professor Cho established Nutright Co., Ltd. last year, a company specializing in research and development of health functional foods such as sleep improvement functional materials. He utilized the faculty startup system that allows faculty members to commercialize technology developed in the laboratory and start a business.

As a health functional food expert, Professor Cho succeeded in developing the country's first sleep improvement health functional food derived from seaweed (Gamtae) and obtained individual recognition from the Ministry of Food and Drug Safety, followed by recognition of rice bran extract as a sleep improvement health functional food.

Professor Cho developed low-dose, high-efficiency sleep improvement functional materials (N1 and N2) and completed patent and trademark applications. Recently, he has attracted market attention by receiving orders worth 800 million KRW from a food company.

With this technological capability, Nutright was selected for the K-Startup support project just three months after its establishment, and this year it was also selected for the 'TIPS' technology startup support project by the Ministry of SMEs and Startups, which supports startups with world-leading technologies.

He said, "From the moment I started a business using research results, I thought that if profits were made, they should be returned to the school. I plan to continue donating a certain amount of profits to the school every year."

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