Daegu City and 'Elvis' US Brain Disease Treatment Company Sign Business Agreement
Digital Brain Industry Promotion Business Agreement
On the 6th, Daegu City signed a business agreement to foster the digital brain industry at the Sangyeok Government Complex, attended by Lee Jong-hwa, Deputy Mayor for Economic Affairs, Lee Jin-hyung, CEO of LVIS, and Kim Yoo-hyun, Director of Daegu Digital Innovation Promotion Agency (hereinafter DIP).
LVIS is a digital-based brain disease diagnosis and treatment company located in Silicon Valley, USA, founded in 2013 by CEO Lee Jin-hyung, the first Korean female appointed as a tenured professor of neuroscience and bioengineering at Stanford University.
The company exclusively holds numerous international patents related to the brain, medical data, and new technologies, and stands out in the AI-based digital healthcare field by developing NeuroMatch, an AI-based deep learning software that analyzes brain circuits to diagnose various brain diseases such as dementia and epilepsy and proposes optimal treatment methods.
This agreement, initiated from the first meeting at the International Consumer Electronics Show (CES) 2023 held earlier this year, aims to build a digital brain industry infrastructure based on ABB (AI, Big Data, Blockchain) and strengthen cooperation among the three institutions.
Specifically, DIP will support the use of facilities and digital equipment owned by the institution and project planning; LVIS will handle project planning using its R&D achievements and establish a Daegu branch; and Daegu City will provide administrative support for this. For reference, LVIS plans to complete the establishment procedures for its Daegu branch by March and proceed with full-scale collaborative projects.
As of 2021, LVIS’s corporate value exceeds 335.6 billion KRW, and it has a Korean branch in Seoul.
After the agreement ceremony, CEO Lee Jin-hyung will give a special lecture at the Korea Brain Research Institute on the topic of “Trends in the Silicon Valley Brain Industry Ecosystem and Directions for Fostering Brain Industry Startups” and continue forums with researchers and entrepreneurs related to the brain industry.
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Deputy Mayor for Economic Affairs Lee Jong-hwa said, “This digital brain industry fostering agreement, which started from the meeting at CES 2023, will actively cooperate to become a pillar of Daegu’s prosperity for the next 50 years.”
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