Korea SMEs and Startups Agency Partners with U.S. VA Medical Center to Support Healthcare SMEs' U.S. Market Entry

Cooperation on sharing information about innovative medical technologies and more

The Korea SMEs and Startups Agency said on the 9th that it signed a memorandum of understanding (MOU) on the 5th (local time) in Memphis, Tennessee, with the Memphis VA Medical Center, which is part of the U.S. Department of Veterans Affairs, to support the entry of Korean healthcare SMEs and startups into the U.S. market and promote technological cooperation.

Officials from both organizations attended the signing ceremony, including Park Jang-hyeok, director of global growth at the Korea SMEs and Startups Agency, and Edward Payton, head of the Memphis VA Medical Center. The agreement aims to identify local healthcare needs and expand opportunities for Korean SMEs and startups to collaborate on local research and clinical trials.

The two organizations agreed to cooperate on sharing information about veterans' healthcare needs and research priorities, as well as innovative medical technologies; facilitating technology exchanges between medical center researchers and clinicians and Korean SMEs and startups; identifying opportunities for local research and clinical collaboration and technology validation; and pursuing joint projects such as seminars, workshops, and expert consultations.

Officials from the Korea SMEs and Startups Agency and the Memphis VA Medical Center pose for a commemorative photo after signing a memorandum of understanding in Memphis, Tennessee, on the 5th (local time). Korea SMEs and Startups Agency

Through the agreement, the Korea SMEs and Startups Agency plans to identify technologies developed by Korean companies that address local healthcare needs and expand exchanges with medical experts.

Meanwhile, on the 6th (local time), the agency also visited the Atlanta Global Base Camp to review its operations and discuss ways to support Korean SMEs and startups entering the local market.

“We will support Korean companies' entry into the U.S. market, from technological cooperation to identifying buyers, by leveraging our local hubs and private-sector networks,” Park said.

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