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3 Korean start-ups complete Bayer-KOTRA accelerator program
  • By Marian Chu
  • Published 2017.09.20 15:34
  • Updated 2017.09.20 15:34
  • comments 0

Three Korean healthcare start-ups have completed the “Grants4Apps” innovation accelerator program, and Sky Labs emerged as the winner, Bayer Korea said.

Related: Korean start-up Sky Labs wins in Bayer innovation program

The selected three companies presented their business plans to investors while networking with related people at the Grants4Apps Korea Demo Day Tuesday, the company said.

The nominated teams pose with Bayer Korea and KOTRA officials at the Grants4Apps Korea Demo Day event Tuesday.

“We were able to identify the excellence and potential of Korean start-ups through the program,” said Jesus Del Valle, the leading director of Grants4Apps Korea. “We believe these start-ups will be able to enter overseas and Korean markets successfully, creating another success story as one of Bayer’s business partners.”

The program, jointly hosted by Bayer Korea and Korea Trade-Investment Promotion Agency (KOTRA), began in May to foster innovation in digital healthcare and smart pharma, the company said.

The three start-ups – RecensMedical, Sky Labs, and GomiLabs – gained customized consulting and mentoring programs from various professionals over the past three months to help strengthen their core competencies in an industry with a high entry barrier, Bayer Korea said.

RecensMedical리센스메디컬 is a startup focused on developing rapid-cooling anesthesia devices. The company reportedly has developed a high-speed anesthesia device that operates 100 times faster than conventional methods, according to UNIST.

GomiLabs고미랩스 is a data company for pets, focused on reducing pets’ stress and improving their health through exercise and a balanced diet, according to CrunchBase. Its first product, GOMI, is a ball equipped with sensors, algorithms and a robot that plays with the pet. The ball also records the playing patterns and preferences of the pets, which the owner can access through a designated mobile application.

Sky Labs스카이랩스 is a developer of a ring-type device called Cardio Tracker (CART) used to make an accurate diagnosis and provide customized management of atrial fibrillation. Sky Labs was named the winner of the Grants4Apps project two weeks ago.


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