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INSIDE INDUSTRY
Korea-Singapore Healthcare Incubator to support Korean firms in Singapore and Southeast Asia
Aims to bring 10 to 15 Korean companies operating in medical devices, medical technology, cosmetics/ cosmeceuticals.

Golden Equator, a group of companies spanning investment, consulting and the SPECTRUM technology and innovation business club – has, jointly with Korean regulatory and clinical research provider C&R Healthcare Global (C&R), launched the Korea-Singapore Healthcare Incubator. The Incubator will help 10 to 15 Korean companies expand into Singapore and Southeast Asia over the next few months. It will be based at SPECTRUM’s business club in DUO Tower near Singapore’s central business district.

C&R will identify and financially support Korean companies operating in medical devices, medical technology, cosmetics and cosmeceuticals. Golden Equator will provide the companies a suite of services - access to investors and business partners, advisory and commercialisation insights, and regional expansion and market entry strategies.

Shirley Crystal Chua, founder and CEO of Golden Equator, said: “The healthcare industry in the Asia- Pacific region is a 500 billion-dollar market, one of the world’s fastest growing regions. Innovations in this area, notably new technologies such as artificial intelligence and data analytics, present unique investment opportunities. Supporting Korean firms to locate in and understand the market opportunities here in Singapore and across Southeast Asia demonstrates our capabilities in working with high potential founders, firms and innovations around funding and commercialisation.”

C&R is appointed by the City of Seoul BioHub and Korean Health Industry Development Institution (KHIDI), a government agency, as an incubator. This is KHIDI’s first incubator in partnership with the overseas private sector.

Mr. Moon Tae Yoon, Chairman of C&R, said: “The MOU will allow both companies to mutually share their expertise. Via this opportunity, C&R can build an ecosystem which allows companies in the Korean bio-healthcare industry to expand globally.”

In his congratulatory remarks at the MOU signing ceremony, Mr. Lee Sangdeok, Ambassador of the Republic of Korea to Singapore said: "Singapore, as a gateway to the region, has the optimal conditions for Korean companies to bring their launch pads and further expand their business to the global market. As the bio-healthcare field can contribute to creating a new growth engine for both countries, taking this opportunity, I hope Korea and Singapore can strengthen our cooperation."

As the world’s fourth best healthcare infrastructure, Singapore is recognised as a strong testbed for developing innovative healthcare services and products, and serves as a gateway to Southeast Asia. According to The Economist, over the next five years healthcare markets in Southeast Asia like Indonesia and Philippines will exceed growth in BRIC healthcare markets.

Click here for the complete issue.

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APBN Editorial Calendar 2017
January:
Healthcare Focus: LUNGS
February:
War on CANCER
March:
Get to Know TCM
April:
Diabetes: The Big Picture
May:
The Piece of Your Mind - Brain Health/Science
June:
Advocacies in Support of Rare Disease Patients
July:
Food Science & Technology
August:
Eye – the Window to your Soul
September:
Infectious Diseases
October:
A change of heart — Cardiovascular diseases
November:
Paediatric Illnesses
December:
Skin Diseases and Allergic Reactions
Editorial calendar is subjected to changes.
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