in Tokyo, Japan, as well as entry into duty-free shops in Japan, opening the way for export. LABnPEOPLE is a bio-healthcare venture company established in 2016 by experts who have developed bioabsorbable metals and microinvasive medical devices for more than 15 years.
It has been conducting joint research with Korea University Anam Hospital, Korea Institute of Science and Technology (KIST), and Kyunghee University College of Oriental Medicine, and has developed the world's first bioabsorbable metal foil through a number of government projects. Using this, they are developing microneedle patches for drug delivery, transplant materials that are completely decomposed after being inserted into the human body, and micro-invasive medical devices for the spine.
It has been selected as the leading agency for 4 small and medium-sized venture business projects and 2 large-scale projects from the Ministry of Commerce, Industry and Energy to develop design, manufacturing, and evaluation technologies for bioabsorbable alloy materials, and have reached the level of commercialization through them. In particular, since last year, it was selected as the leading organization for the development of different materials and parts technology, and received an investment of 3 billion won from the government and 3 billion won from investment institutions to develop a state-of-the-art wearable smart patch by 2022. Samsung Hospital and Korea University Anam Hospital are conducting clinical trials.
For full-fledged mass production, the Small and Medium Venture Business Corporation completed attracting investment of 2 billion won in October last year, and the accumulated investment is now reaching 6 billion won. In addition, it has applied for 60 patents and registered more than 10 cases, and has 11 certifications, including venture companies, Innobiz companies, Gyeonggi-do promising small and medium-sized companies, and export frontier companies. View articles k123@kukinews.com [Copyright @ KUKINEWS. All rights reserved.]