GC Wellbeing, a subsidiary of GC Pharma, said Thursday that it has signed a memorandum of understanding (MOU) with six domestic corporations to start a project in finding and fostering healthcare startup companies.
The six companies are Samsung Securities Corp., GS Retail, Interpark, Cosmax, Bluepoint Partners and Intervest.
The project, named “Together, Together,” is an innovation ecosystem building project to foster startup companies in the healthcare and beauty industry.
Under the agreement, the companies participating in the project will help startup companies in a specialized area ranging from product development to production, sales support and IPOs.
GC Wellbeing will be supporting sales of products developed by startup companies by using its distribution network of clinics and pharmacies or including the products in the company’s health solution lineup.
“This project is meaningful in building a platform for sustainable growth for startup companies,” GC Wellbeing CEO Yoo Young-hyo said. “The company plans to give its full support and attention to ensure that the project will lead to steady job creation in startup companies.