Gyeonggi Institute to Support Bio Startups in Securing Investments ... Applications Open Until August 14

Gyeonggi Province and the Gyeonggi Institute of Economic Science & Promotion announced that they are recruiting 10 companies to participate in the "2026 G-Bio Funding Lab" until August 14, in order to enhance the investment attraction competitiveness of promising bio startups in the province.

The "G-Bio Funding Lab" is a practical program established for the first time this year to support early-stage bio startups that possess outstanding technologies but face difficulties in developing business models and market strategies from the perspective of investors.

The program offers both specialized training reflecting the unique characteristics of the bioindustry and investment-linked activities, thereby enhancing companies' readiness for investment and supporting them to secure actual investments.

Eligible applicants include bio-technology startups and sole proprietors, as well as prospective founders, whose headquarters, branch, research institute, or factory is registered or will be registered in Gyeonggi Province, and whose establishment is within the last seven years.

Poster for Recruiting Companies to Participate in Gyeonggi Bio-Startup Capacity Building Program

The recruitment fields include bio new drug development, medical devices, diagnostic kits, digital healthcare, and bio-AI, among others. Applications must be submitted online by 4:00 PM on August 14.

The selected companies will receive step-by-step support throughout the entire investment attraction process. First, investment readiness, technological capabilities, and market potential will be assessed for each company, and customized growth strategies and investment-readiness diagnostic reports will be provided.

Choi Haejong, Head of the Bio Industry Headquarters at the Gyeonggi Institute of Economic Science & Promotion, stated, "In the bioindustry, having excellent technological capabilities is important, but it is equally vital to have business strategies and market potential that resonate with investors. Through this program, we will actively support local bio startups in enhancing their competitiveness in attracting investments and securing actual investments as well as subsequent growth."

This content was produced with the assistance of AI translation services.