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  • Seoul Innovation QuickFire Challenge winners announced

    Seoul Innovation QuickFire Challenge winners announced

    Janssen Korea and Johnson & Johnson Innovation yesterday announced the awardees of the Seoul Innovation QuickFire Challenge in Smart Healthcare at the Seoul Biomedical International Conference.

    The two winners are:

    • ImagoWorks: Seoul-based ImagoWorks, a KIST spin-off company, applies artificial intelligence and geometrical modeling technology in its innovative 3D medical/dental software platform aiming to improve surgical outcomes.,
    • Sibel, Inc.: Illinois-based Sibel, Inc. is developing breakthrough, bio-integrated sensors with the potential to allow for full vital signs monitoring in patients of all ages and sizes.

    Both companies receive combined grant funding totaling KRW150,000,000 (approximately US$134,000), one year of residency at the Seoul Bio Hub, one year of mentorship and coaching from experts in science, technology and commercialisation by the Johnson & Johnson Family of Companies as well as access to the JLABS global entrepreneurial community.

    “The aim of the Seoul Innovation Quickfire Challenge in Smart Healthcare is to identify and help to accelerate promising early-stage health tech innovations with the potential to make a long-lasting, positive impact on health,” said Sharon Chan, head of JLABS @ Shanghai, Johnson & Johnson Innovation – JLABS.

    The QuickFire Challenges are managed by Johnson & Johnson Innovation – JLABS, a “no strings-attached” global network of incubators and seek to empower and enable ground-breaking science and health solutions.

    “With our collaborators, we aim to provide these innovators with the resources and mentoring needed to advance their ideas into breakthrough solutions for patients in Korea and around the world,” Chan added.

    The Seoul Innovation QuickFire Challenge in Smart Healthcare was organised with the support of the Seoul Metropolitan Government and Korea Health Industry Development Institute (KHIDI). It was launched in July 2019 to encourage global entrepreneurs, researchers, students, and innovators to submit ideas for the following technology-enabled innovation areas:

    • Big data, artificial intelligence, blockchain
    • 3D printing, Internet of Things (IoT), sensors, wearables
    • Personalized medicine, companion diagnostics

    “The quality of the QuickFire Challenge applications we received reflects the tremendous innovative spirit and breadth of expertise within the life science ecosystem across Korea,” said Jenny Zheng, area managing director, Janssen North Asia “We are proud to name ImagoWorks and Sibel Inc. the Smart Healthcare QuickFire Challenge awardees and look forward to supporting their health tech innovations.”

  • Seoul Innovation QuickFire Challenge calls for best ideas in smart healthcare

    Seoul Innovation QuickFire Challenge calls for best ideas in smart healthcare

    The third QuickFire Challenge focusing in smart healthcare was announced in Seoul yesterday, inviting innovators from around the world – including startups, entrepreneurs, academics, scientists and biotech researches – to submit the best idea, technology, or solution that aims to address a health need for the world’s population.

    “The Asia Pacific region is a health tech powerhouse,” said Melinda Richter, global head, Johnson & Johnson Innovation – JLABS. “South Korea is an emerging leader in health tech innovation, and there is tremendous potential in the areas of AI, blockchain, and big data among others. The Smart Healthcare QuickFire Challenge is a global call for submissions with the aim to identify great, tech-enabled ideas that can make a long-lasting, positive impact on the health of individuals and communities worldwide.”

    Officially called “Seoul Innovation QuickFire Challenge in Smart Healthcare”, it is organized by Janssen Korea and Johnson & Johnson Innovation in collaboration with the Seoul Metropolitan Government and the Korea Health Industry Development Institute (KHIDI).

    Up to two awardees will receive up to KRW 150,000,000 (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.

    The QuickFire Challenges, managed by JLABS—the no-strings-attached incubators of Johnson & Johnson Innovation—focuses on the following technology-enabled innovation areas: big data, artificial intelligence, blockchain; 3D printing, Internet of Things (IoT), sensors, wearables; and, personalized medicine, companion diagnostics,

    “In collaboration with local leaders, we are working to support the entrepreneurial community and enhance the life science ecosystem by fostering an environment that embraces novel scientific and technological approaches to improving the health and care of patients and consumers,” said Jenny Zheng, Area Managing Director, Janssen North Asia3. “We are interested in QuickFire Challenge applicants with ideas that leverage health tech to advance customized approaches to patient care, shared decision making, and efforts to lower barriers and improve access to care.”

    For more information about the Smart Healthcare QuickFire Challenge (including the terms and conditions of entry), visit: http://jlabs.buzz/SmartHealthcare

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