CHICAGO--(BUSINESS WIRE)--The Innovation Crescent Regional Partnership (www.innovationcrescent.com) and Chuncheon Bioindustry Foundation (www.cbf.or.kr) announced today they signed a Memorandum of Understanding (MOU), formally agreeing to support each other in the development of life sciences in Georgia and South Korea. The agreement is specifically targeted at promoting human health.
With the signing of the MOU, the two organizations agree to be supportive of collaborative research and development, information sharing, education, and other areas that provide the building blocks for innovative and cutting-edge life science industries. Georgia’s Innovation Crescent has been a leading example of successful life science clusters since 2008, featuring more than 400 life science companies, non-profit organizations, universities and government agencies that work together to advance the industry.
“This agreement represents the culmination of four years of relationship building between Georgia’s Innovation Crescent and South Korea’s Chuncheon Bioindustry Foundation,” said Nick Masino, Chairman of the Innovation Crescent Regional Partnership. “We began talking at BIO 2009 and, this year, formally agreed to work together to further life science economic development in both areas of the world.”
“Through today’s MOU signing, sincerely, we hope to establish a new business partnership model between Georgia and Gangwon in the fields of biotech and pharma business,” said Mr. Siwoo Lee, president of the Chuncheon Bioindustry Foundation.
About Georgia’s Innovation Crescent
The Innovation Crescent (www.innovationcrescent.com) is both a geographic area and a coalition of more than a dozen counties and entities focused on life sciences and economic development in Georgia, U.S. The organization exemplifies the spirit of cooperation and collaboration that can be found throughout the region.
About the Chuncheon Bioindustry Foundation
The Chuncheon Bioindustry Foundation (CBF) (www.cbf.or.kr) is a local and nationally-founded government foundation, which aims to contribute to the improvement of bio-industry in South Korea. CBF provides various systematic support for business start-up, technology development, marketing and manufacturing with the highly condensed and well-organized infrastructure. CBF will contribute to develop Gangwon, South Korea, regional industry by expansion and development of biotechnology.
About BIO 2013
BIO is a global event for biotechnology. Thousands of companies from around the world and all industry segments attend the tradeshow, ready to build strategic partnerships. BIO 2013 is being held in Chicago through April 25, 2013.
