Bio Association Operates Medical Advisory and Consulting Business 'DoctorWiz' with Mint Venture Partners

The Korea Bio Association announced on the 7th that it has signed a partnership agreement with Mint Venture Partners for medical expert advisory and consulting services for bio companies.

Song Jae-hoon, Chairman of Mint Venture Partners (left), and Lee Seung-gyu, Vice Chairman of the Korea Bio Association, are posing for a commemorative photo at the signing ceremony of the expert advisory business partnership for bio companies.
[Photo by Korea Bio Association]

Through this agreement, the two organizations plan to collaborate to revitalize the Doctor Wiz project, which provides advisory and consulting services by medical experts to domestic bio companies. The association will conduct joint planning and promotion to activate the project and offer special promotional benefits for its members. Mint Venture Partners will be responsible for business development and overall service operation of Doctor Wiz.

As the domestic bio healthcare industry has recently been recognized as a new growth engine industry, cooperation and active participation from the government, medical institutions, and medical experts are being emphasized for industrial development. The association stated, "Clinical medical experts, who are also the end users of new diagnostic and treatment methods, need to move beyond hospitals and universities to enter the industrial field and collaborate with bio companies to develop technologies and products. The activation of such partnerships is absolutely necessary. However, in Korea, connections and collaborations between companies and medical experts are not properly established."

The Doctor Wiz project is conducted by utilizing the bio company network held by the association and the Doctor Wiz expert advisory group, composed of current and former professors of university hospitals nationwide and medical and bio experts established by Mint Venture Partners, to provide medical expert advisory and consulting services to domestic companies.

Song Jae-hoon, chairman of Mint Venture Partners, said, "Although organic cooperation between medical sites and industrial sites is essential for the development of the bio healthcare industry, there is no such linkage system in Korea. We started this project to solve this problem. As the first model in Korea with about 200 university hospital professors and bio business experts participating as advisors, we expect it to provide practical help to companies."

Lee Seung-gyu, vice chairman of the Bio Association, also said, "We expect that appropriate and efficient medical expert advisory services tailored to the needs of bio companies will be provided through this partnership. We will create and support an ecosystem so that companies can grow well through medical expert advisory consulting projects like Doctor Wiz."

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