Ceragem Signs Open Innovation Partnership with US Plug and Play

Side Amidi PNP Chairman (first from the left), Lee Kyung-soo, CEO of Ceragem (second from the left), and Jo Yong-jun, CEO of PNP, met at Ceragem Seoul Town to discuss cooperation plans.

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Healthcare company Ceragem announced on the 18th that it has signed a partnership agreement with Plug and Play (PNP) for open innovation collaboration. PNP is the world's largest startup accelerator based in Silicon Valley, USA. It has discovered over 1,600 startups to date. More than 35 unicorn companies, including PayPal, Dropbox, and FiscalNote, have passed through PNP.

For this partnership, the PNP delegation, including Chairman Side Amidi, East Asia Representative Philip Vincent, and Korea Branch CEO Yongjun Cho, visited Ceragem Seoul Town. Based on its global corporate network, PNP recommends companies suitable for Ceragem’s business areas and technology needs and supports collaboration. It seeks collaboration opportunities with startups possessing excellent technological capabilities in various fields such as healthcare, artificial intelligence, and ICT.

Ceragem plans to accelerate the advancement of its healthcare platform based on the WellLife membership while integrating startups’ ideas and cutting-edge technologies. In particular, it intends to pursue equity investments in startups closely related to its business areas. In fact, last year, Ceragem made equity investments worth approximately 5 billion KRW focusing on healthcare and other businesses.

A Ceragem representative said, “We are pleased to have the opportunity to collaborate with PNP, the world’s leading startup accelerator company,” adding, “We will continue to strengthen cooperation with startups possessing excellent technologies worldwide to consistently introduce products and services that provide consumers with innovative value.”

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