Janssen Korea Ltd. and Johnson & Johnson Innovation LLC today announced the launch of the Seoul Innovation QuickFire Challenge in Smart Healthcarein collaboration with the Seoul Metropolitan Government and the Korea Health Industry Development Institute (KHIDI). The challenge invites innovators from around the world – including start-ups, entrepreneurs, academics, scientists and biotech researchers – to submit the best idea, technology or solution that aims to address a health need for the world’s population.
Up to two awardees will receive up to KRW150,000,000 (approximately US$134,000)[1]in grant funding, one year of residency at the Seoul Bio Hub, one year of mentorship and coaching from experts in science, technology and commercialization at the Johnson & Johnson Family of Companies and access to the JLABS global entrepreneurial community.
[1]From the KRW150 million grant, each awardee will receive a KRW75 million grant including one-year mandatory residency, which must be used toward the rent and utilities at the Seoul Bio Hub for a year.
