SparkLabs Supports Bio Startup Growth with Yonsei University BioHealth Technology Holdings

Shared Laboratory Secures Follow-up Investment
Jointly Launching Support Programs for Bio and Health Startups

SparkLabs announced on the 13th that it has signed a business agreement with Yonsei University Biohealth Technology Holdings Company to foster startups and activate investment in the domestic bio and health sectors.

Through this agreement, SparkLabs and Yonsei University Biohealth Technology Holdings will jointly discover promising early-stage startups in related fields and provide various support programs necessary for their growth to revitalize the domestic bio and health startup ecosystem.

Kim Ho-min, Co-CEO of SparkLabs (right), and Song Young-gu, CEO of Yonsei University Biohealth Technology Holdings, are posing for a commemorative photo after the agreement.

To this end, both parties plan to support ▲shared laboratory facilities ▲follow-up investment attraction ▲joint research and development ▲global expansion ▲promotion and marketing activities based on their respective specialized infrastructures and know-how for nurturing startups in the bio and health sectors.

Following the launch of ‘SparkBioLab,’ a company specialized in the bio field last year, SparkLabs has been strengthening comprehensive support for the growth of the domestic bio industry, including opening ‘MedioOpenLab,’ a shared laboratory platform specialized in fostering bio and health tech startups, in April this year.

Currently, SparkLabs has about 20 highly capable bio startups in its portfolio, including startups that have already distinguished themselves in the industry such as QuadMedicine, JinCast, InnoGenics, and GenoPlan.

Kim Ho-min, co-CEO of SparkLabs, said, “Over the past decade, SparkLabs has nurtured more than 280 excellent startups and supported the growth and global expansion of bio sector founders. We will strive to reduce the hurdles for bio startups in Korea and activate investment to solidify the foundation so that more companies can settle in the global market.”