Ildong Bioscience Joins Hands with the Fermentation Microorganism Industry Promotion Institute for R&D Collaboration

Cooperation on the Development of Next-Generation Functional Ingredients and More

Ildong Bioscience, a subsidiary of Ildong Pharmaceutical Group specializing in the health functional foods business, has decided to join forces with the Fermentation Microorganism Industry Promotion Institute, a foundation, to develop next-generation functional ingredients and products.

Ildong Bioscience and the Fermentation Microorganism Industry Promotion Institute announced on the 21st that they signed a memorandum of understanding (MOU) on the 17th at the Fermentation Microorganism Industry Promotion Institute in Sunchang-gun, Jeonbuk, regarding joint research and technology commercialization in the bio and health functional food sectors.

Ildong Bioscience and the Fermented Microorganism Industry Promotion Institute signed a memorandum of understanding (MOU) on the 17th at the Fermented Microorganism Industry Promotion Institute in Sunchang-gun, Jeonbuk, to collaborate on joint research and technology commercialization in the bio and health functional food sectors. Ildong Bioscience

The two parties agreed to cooperate on: ▲ joint research for the discovery of fermentation microorganisms and promising ingredients; ▲ shared use of R&D and production infrastructure, along with data analysis and verification; and ▲ development of functional ingredients and products as well as entering new markets.

They plan to utilize each party’s fermentation technology and microbial strains to jointly identify potential candidates for functional ingredients, share R&D capabilities and related data, and ultimately achieve tangible business results.

Ohhyun Ban, CEO of Ildong Bioscience, stated, "Based on our competitive edge in R&D, including our diverse strains and research data, we will actively participate in collaborative projects and strive to achieve business results by discovering innovative new ingredients and developing differentiated products."

Doyeon Jung, president of the Fermentation Microorganism Industry Promotion Institute, said, "I hope that through joint research and technology exchange, we will establish a successful industry-academia cooperation model and contribute to the region’s industrial development and economic revitalization."

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