New attempt to promote Korean companies to domestic and foreign markets in post-coronavirus era!
Medical Devices Industry Fostering and Innovative Medical Devices Supporting Act came into effect on May 1. It is expected to be a starting point for accelerating the development and commercialization of innovative products in Korea’s medical device industry, and it will foster the medical device industry and expand new treatment opportunities. It is meaningful in the way that it accelerates the development and commercialization of innovative products and industrial development at the present time when the medical device companies are actively developing technologies and entering the global market.
For this, MIK HOT SPOT, the online exhibition for investment and business expansion of the innovative companies in KHIDI Health Industry Startup Innovation Center that will lead Korea, opened on April 30. As the business through online is rapidly growing due to the coronavirus issue, various attempts are being made to activate online business and investment in preparation for non-face-to-face economic growth.
Online exhibitions are expected to become a trend rather than countermeasures in the post-coronavirus era, and many company supporting organizations including KOTRA, KITA, and KOSMES are making various attempts to promote online exports.
AVING NEWS, Korea’s only convention media and online exhibition center by itself, began this project to help small and medium-sized Korean companies to enter the domestic and foreign markets through MIK Hot Spot (Made in Korea Online Exhibition) on its way to become the global online hot spot.
The online exhibition consists of opening the MIK ONLINE HOT SPOT exhibition, business introduction video for buyers and investors, domestic and global promotion, target promotion for MIK HOT SPOT network, and post-management after contacting the buyers and investors, open for 365 days a year.
A total of six companies participated in the MIK Hot Spot_KHIDI Health Industry Startup Innovation Center. △ PDxen △ Genome & Company △ Immunomax △ Paean Biotechnology △ Edenlux △ Jeios
PDxen (CEO Ahn Kwang-seong) developed the medical device capable of predicting the presence of micrometastatic cancer that are not observed in CT or MRI based on the biological properties of blood cancer cells and the analysis platform using cancer organoids that can have similar structure similar to a living environment by analyzing the sensitivity of cancer cells in blood to anticancer agent based on the genetic analysis of blood cancer cells.
△ Genome & Company
Genome & Company was listed in KONEX in just three years and attracted Series C investment in just five years of business. It has even signed contracts to cooperate in clinical trials and supply with a global pharmaceutical company, growing into one of the companies to receive the most attention among all biotech companies in Korea. Even in the faltering bio and pharmaceutical markets due to the COVID-19 pandemic, Genome & Company is keeping its position as the first place in the aggregate value of KONEX (275.8 billion won as of May 4).
To produce the virus vaccine highly efficiently, Immunomax selected specific genes related to productivity through big data analysis. Through genetic manipulation, it has established a platform technology that can produce 2-3 times more virus vaccines or antibodies than existing animal cell lines. This technology is an important technology that can quickly respond to the outbreak of a pandemic virus such as COVID-19, and is an excellent platform technology that enables rapid and mass production of treatment drugs.
△ Paean Biotechnology
Paean Biotechnology is developing anti-inflammatory and anti-cancer drugs based on mitochondria separated from human umbilical cord-mesenchymal stem cell (UC-MSC). Mitochondria therapeutics is a therapeutic agent based on mitochondria separated from stem cells, and includes PN-101 for an inflammatory rare disease called multiple myositis and PN-102 for sepsis.
Edenlux’s vision-enhancing device uses special optical technology to strengthen muscles by repeating the contraction and relaxation of the muscles in the eye. It improves the eyesight by improving the focusing strength of the eyes. This product directly stimulates the muscles involved in the control of the lens in the eye. In addition to hardware, users can use a variety of content by providing an application that works with Bluetooth.
Jeios’ immune level analysis prediction platform MotionCore was developed based on AI-based human dynamic characteristics medical data analysis solution and exclusive sensor fusion technology and machine learning application technology. It is a smart healthcare device that precisely derives the physical condition of an individual reflecting clinical academic standards by calculating quantitative information on body indexes like muscles, joints, and nerves.
The products and services of the major companies of KHIDI Health Industry Startup Innovation Center in the MIK Hot Spot (Made in Korea Online Exhibition) will also be displayed in BIO KOREA 2020. Asia’s biggest bio convention BIO KOREA 2020 co-organized by KHIDI and Chungbuk Province and sponsored by MOHW will be open online due to the COVID-29 pandemic on May 18-23. Virtual exhibition halls, conference, and business forums will be operated, and the companies will be promoting their competitiveness. Also, with video meetings, businesses between overseas speakers, buyers, and domestic and foreign participating companies will be made. To date, more than 160 companies have applied for the virtual exhibition booth at BIO KOREA 2020. Companies wishing to participate can apply through the web page or email by Apr. 30.
AVING News has been running online exhibitions since 2005 and had 975 online exhibitions so far. Its YouTube online exhibition has placed itself as Korea’s largest online exhibition hall that opens 365 days a year with 19,000 videos (booths) with more than 800,000 visits per month which means more than 10 million visits per year.
Based on the accumulated online and offline network, the MIK Hot Spot online exhibition is scheduled to be held weekly according to the field, target market, and participating institutions, and it will be presented as a new type of online business by transforming the know-hows and values of the participating companies according to the trend. Companies that want to participate can apply and apply through the marketing support projects from supporting institutions in the local governments. Refer to the institutions for more information.tecaving2020-06-18T05:55:22+00:00