Korea Health Industry Development Institute Hosts K-BIC Venture Cafe... "Focusing on Promoting Innovation"

The Korea Health Industry Development Institute announced on the afternoon of the 15th that it held the 4th 'K-BIC Venture Cafe' November meeting at EL Tower in Yangjae, Seocho-gu, Seoul.

On the 15th, participants are having a conversation at the 4th 'K-BIC Venture Cafe' November meeting held at El Tower in Yangjae, Seocho-gu, Seoul.
[Photo by Korea Health Industry Development Institute]

K-BIC Venture Cafe is modeled after the Thursday Gathering event held every Thursday evening at the Venture Cafe, a networking space within the Cambridge Innovation Center (CIC) in Boston, USA. It was planned to promote exchanges between bio-health startup companies and various industry stakeholders.

Marking its 4th session, the K-BIC Venture Cafe collaborated with the 'Pharmaceutical Bio Open Innovation Week 2023,' co-hosted by the Health Industry Development Institute, the Korea Pharmaceutical and Bio-Pharma Manufacturers Association, and the Korea Institute of Toxicology, successfully concluding networking with 11 global pharmaceutical companies and over 40 startup companies for open innovation in the domestic bio-health startup sector.

In particular, this meeting conducted networking on the theme of open innovation with global pharmaceutical companies, which startup companies showed the most interest in based on a demand survey from the October meeting. Through this, it provided companies with opportunities to take a step closer to global expansion by facilitating technology exchange and deriving collaboration plans in a comfortable and autonomous atmosphere.

The institute stated, "Next year, we plan to focus on promoting idea sharing and innovation between startup companies and various industry stakeholders through an expanded K-BIC Venture Cafe," adding, "We will continue to do our best to establish the 'K-BIC Venture Cafe' meetings as a hub for global open innovation."

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