- On the 20th, presentations, awards, and a completion ceremony were held for medical innovation technology startup ideas from a total of 8 teams
- Team ‘NEOMM’ won the grand prize for ‘Reducing Mortality and Medical Service Inequality in Medically Underserved Areas’
[The NEOMM team, winner of the grand prize at the 'TEU MED Demo Day,' is taking a commemorative photo with Ahn Cheol-soo, a participant from the organizing and sponsoring organization Donggrami Foundation.]
The demo day and graduation ceremony of the ‘Donggurami Foundation-TEU Medical Program (TEU MED),’ supported by the Donggurami Foundation (Chairman Kwon Chi-jung), were held offline and via live on-site broadcast on the 20th at Park Byung-won Hall, 5F, Front1, Seoul.
TEU MED is a program designed to nurture domestic medical science innovation technology entrepreneurs. Participants gain insights through nine weeks of lectures on the latest medical science technologies, startup education, and team projects, and build startup models related to medical technology by team.
The event was divided into three parts: Part 1 Demo Day, Part 2 Graduation Ceremony, and Part 3 Networking. During Part 1 Demo Day, a total of eight teams presented their developed medical technology startup models. The grand prize was awarded to the NEOMM team for their presentation on "Reducing mortality and healthcare service inequality in medically underserved areas." The excellence award went to the STEDIC (Total Medical Information Platform) team for "A Step Towards Health," and the merit award was given to the "Medical Campus Life: Live on Medical LIFE! (An educational platform using the metaverse)" team.
Demo Day judges included Kim Jae-hak, Director of the Innovation Design Center at Asan Medical Center; Park Jong-hwa, CTO of Clinomics; Seo Jung-wook, Professor Emeritus at Seoul National University; Yoo Young-seok, Director at SoftBank Ventures; and Cha Mi-yeon, MBC announcer, among other experts from medical, medical technology, and venture development fields.
During the Part 2 Graduation Ceremony, Ahn Cheol-soo, a contributor to the Donggurami Foundation supporting TEU MED, stated, “South Korea is currently at a time when science and technology development and talent cultivation are more necessary than ever. I believe that securing a super-gap technology in five fields?secondary batteries, nuclear power generation, hydrogen industry, content industry, and bioindustry?will enable us to become one of the world’s top five powers.” He continued, “In a situation where pandemics occur every 5 to 10 years, I have realized that securing bio technology is essential for South Korea’s survival, and I hope the TEU MED program will contribute to the development of Korea’s bio technology and startup culture.”
Kwon Chi-jung, Chairman of the Donggurami Foundation, expressed, “I hope that through TEU MED, ideas will be freely shared and that these ideas will lead to startups.” He added, “We will continue to consider and implement various support measures in related fields so that more people can access better medical innovation technologies and services.”
The Donggurami Foundation is a nonprofit public interest foundation established in 2012 by Ahn Cheol-soo, who contributed 121 billion KRW. Since its establishment, it has continuously operated social contribution projects aimed at realizing the vision of “The Beginning of Change, a Network of Opportunity and Sharing” through supporting innovative science and technology development to solve humanity’s challenges, startup support, fostering local social enterprises, and education and research projects.
In 2020, through a public contest for the ‘Innovation Science and Technology Center and Program’ to solve humanity’s challenges, the foundation supported a total of 1.2 billion KRW to six universities and research centers in the fields of energy, environment, and public health. This year, alongside the second-round support review for last year’s supported institutions, it plans to provide up to 200 million KRW per institution to the final selected institutions in the ‘Cybersecurity’ innovation contest.
Tide Institute, the operating organization of TEU MED, plans and operates innovative education and programs to nurture talents who will change the world through a future-oriented innovation platform and has operated TEU programs from the 1st to the 4th cohort to date.
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