Incheon Catholic Medical Center - Korea Development Bank(KDB)
signed a contract to establish a medical technology commercialization model

Incheon Catholic Medical Center (Vice-President Dr. Park Moon-seo) signed a business agreement with Korea Development Bank(KDB) (Chairman Lee Dong-geol) to establish a medical technology commercialization model and mutual cooperation at KDB 's IR center.

Through this business agreement, Incheon Catholic Medical Center will provide the corporations with the medical fundamental technology that is the foundation of the medical commercialization business. KDB will act as an intermediary to match the medical institutions with the corporations and attract investment. It will support the conversion of the Incheon Catholic Medical Center to a commercialize research hospital.

In addition, both institutions decided to proceed with ▲ Identification of promising technologies for commercialization and analysis and feasibility of business, ▲ Exchange of industry, technology and company information for commercialization, ▲ Consulting of Industrial Bank to Incheon Catholic Medical Center and its Technology Holding Company, ▲ Collaborative research and joint projects with companies recommended by KDB.

Also, the two organizations will share the mid- and long-term development strategies of the medical industry, while also developing new technologies (products) through research and cooperation with the big data of hospitals and technologies of external companies and research institutes, and plans to expand new medical services.

This is a new concept model that establishes subsidiaries in a joint-venture manner with external partner companies and applies the technology (product) developed by utilizing hospital clinical data actively to the local hospital. Industry experts believe that this business agreement will be an important opportunity to move away from the general hospital profit structure centered on medical care profits and to convert to a research hospital model of developed countries.

 Dr. Park Moon-seo, Vice President of Incheon Catholic Medical Center said "The meeting between the Incheon Catholic Medical Center and the Korea Development Bank is a fusion of itself and the signal of the fourth industrial revolution. The convergence of advanced medical technology and industry using Big Data before the fourth industrial revolution period will contribute greatly to strengthen the publicity of the ultimate goal of medical care through customized precision medicine that conquers to not only cancer diagnosis but also treatment.”

KDB President Lee Dong-gul said, "Through this agreement, we hope that hospitals, which are the hub of the national healthcare industry, will be able to improve the quality of the medical care centered on research and commercialization through collaboration with outside companies. And contribute to job creation. "

The two organizations will work together with KDB Tech. 4 days for 'Connect Day' events and for companies interested in partnership, including 'Cancer Prevention Food', 'Stem Cell Therapy Cosmetics', 'Degeneration Stem Cell Generation' and 'Behcet's Disease Diagnosis' of Incheon Catholic Medical Center I had time to talk about technology.

Both organizations agreed on the business agreement and hold 'KDB Tech. Connect Day 'event for companies interested in partnership. Incheon Catholic Medical Center had a presentation on 4 medical technologies including Cancer Prevention Foods, Stem Cell Therapy Cosmetics, and Generation of Stem Cells for Degradation, and Diagnosis of Behcet's Disease.