We provide the entire range of services from consultation, funding, and investment attraction at the Biohealth Innovation Start-up Center to support businesses throughout the entire business process, ensuring the successful commercialization of great healthcare technologies and ideas.

Our goal is to support the global expansion of business by strengthening the capacity of Korea’s pharmaceutical industry, foster the medical device industry by implementing the Medical Device Industry Act, and facilitate the commercialization of innovative medical devices.

Achievements of Healthcare Industry Promotion Programs

Support for the Transfer of Biohealth Technology and Strengthening Start-ups' Capabilities

For successful commercialization of promising Korean biotechnologies, we operate a healthcare TLO and technology trade market. Startups are also provided with office space at the Biohealth Innovation Start-up Center, in addition to consultations on patent, technology evaluation, and assistance in prototype production, all of which can help their growth.

Scope of activities

• Support successful commercialization by identifying excellent technologies and facilitating technology transfer
• Operate BIO KOREA and other platforms for technology trade
• Provide office spaces for business incubation and operation
• Operate the support programs to boost the growth of start up companies

Support for the Transfer of Biohealth Technology and Strengthening Start-ups' Capabilities

We have carried out development and support policies including the Innovative Pharmaceutical Company Certification system under the Pharmaceutical Industry Promotion Act in order to foster the domestic biopharmaceutical industry into a core industry that contributes to the national economy. We are at the forefront of efforts to create the foundations for an industrial ecosystem that helps the global expansion and capacity building of Korean companies.

Scope of activities

• Execute comprehensive programs to foster and support the pharmaceutical industry and establishment of implementation plans
• Have a certification program for innovative pharmaceutical companies
• Create training opportunities to nurture professionals
• Facilitate the global expansion of pharmaceutical companies throughout the entire process
• Provide consultations on overseas expansion and marketing for pharmaceutical companies

Support for the Development of the Medical Device Industry

We support the enactment and implementation of government policies including the Act on the Development of the Medical Device Industry and Support for Innovative Medical Devices. We are leading the efforts toward laying the foundations for an industrial ecosystem to help Korea’s medical device businesses build competitiveness and enter into overseas markets.

Scope of activities

• Execute comprehensive programs to foster and support the medical device industry and establishment of implementation plans
• Have a certification program for innovative medical device manufacturers and operate programs for the classification and designation of innovative medical devices
• Enhance reliability in new domestic products and promote the use of Korean medical devices
• Assist medical device companies with the entire process of global expansion
• Operate One-Stop Service Center for medical device industry

Support for the Development of the Beauty & Cosmetics Industry

We are striving to enhance the competitiveness of K-beauty brands and promote exports. In this regard, we are identifying policy tasks to foster the cosmetics industry’s leap forward as a ‘G3 Cosmetic Export Country’, and developing and expanding sales channels for domestic small and medium-sized cosmetics companies that wish to enter overseas markets.

Scope of activities

• Plan policies for the beauty & cosmetics industry and promotion of the industry
• Support K-beauty brands’ entry into global markets
• Provide operational supports for overseas sales/promotion spaces and pop-up booths overseas

Support for the Development of Senior-friendly Industries

In order to actively respond to population aging and to improve quality of life for the elderly while contributing to sound economic growth, we are promoting policies to foster and support senior-friendly industries under the Framework Act on Low Birth Rate in Aging Society and Senior-Friendly Industry Promotion Act.

Scope of activities

• Plan policies to foster senior-friendly industries
• Operate a system to designate excellent senior-friendly products
• Provide customized consultations and market entry support for senior-friendly companies
• Produce statistics on senior-friendly industries
• Develop human resources specialized in senior-friendly industries
• Support the development of senior-friendly technologies such as smart care

Facilitating commercialization of biohealth technology throughout its life-cycle

The healthcare industry is truly a field that is capable of continually increasing new start-ups* and employment**. It is most important to create a cyclic ecosystem where R&D achievements lead to start-ups, which in turn lead to job creation.

As part of an effort to boost start-ups and vitalize ecosystems, the Biohealth Innovation Start-up Center opened its doors in 2018. The Center has project managers dedicated to discovering promising ideas and technologies to provide life-cycle support from professional consultation to technology valuation, investment attraction, and setting-up of sales channels.