April 20, 2024

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[THE INVESTOR] Bayer Korea said on Feb. 5 that it will recruit applicants for its Grants4Apps startup accelerator program in Korea in partnership with Korea Trade-Investment Promotion Agency.

“I’m pleased that Grants4Apps Korea is open for the second round after a successful launch last year with the aim of contributing to innovation and development of the domestic life science industry based on open innovation,” said Ingrid Drechsel, president of Bayer Korea. “Bayer will share with startups its practical expertise and know-how on R&D, clinical trials, approval, marketing and market entry strategies, hoping that they will grow further and achieve win-win outcomes with Bayer as a good business partner, creating synergy together.”

Applications should be submitted between Feb. 5 and March 4. Bayer Korea and KOTRA will select a total of three applicants considering technological innovation and the potential of collaboration with the Germany-based life science company. Winners will receive working space at the Bayer Korea office as well as intensive mentoring and customized consulting by employees of Bayer Korea and KOTRA and external experts for about 14 weeks from April to July. In addition, ‘Demo Day’ will be held in July for business presentations to investors and networking.

Grants4Apps Korea is open to all IT startups or persons who can suggest innovative solutions in the life science field, encompassing digital healthcare, animal health, agriculture and medical big data processing. Those who want to apply to this program should send an email with the required documents to (jdk4149@kotra.or.kr) by March 4.

By Park Han-na (hnpark@heraldcorp.com)