International Partners: Daegu City, Korea and BioNJ

BioNJ. Advancing the State of Biotechnology

Continuing BioNJ’s commitment to foster international collaborations and relationships, BioNJ signed an MOU (Memorandum of Understanding) with Daegu City, South Korea during the 2009 New Jersey Life Sciences Week.

Representatives from Rutgers, Bio-1, and the State of New Jersey joined 17 high-level delegates from Daegu City at the MOU signing at the Life Sciences Atrium at Rutgers.   The State of New Jersey and Daegu City entered a partnership to create a $100 million seed fund to support bioclusters in both South Korea and New Jersey.

“The goal of the signings was to establish New Jersey as Daegu’s first point of outreach as they look to establish collaborative efforts with government institutions, companies, and academic research centers around the world,” said Debbie Hart, President of BioNJ.

View NJN Public Television’s coverage of the MOU signing at the Life Sciences Atrium
at Rutgers during the 2009 New Jersey Life Sciences Week.

About Daegu City, Korea:

  • Home to world-class technology companies and over 50 universities, Daegu City has established itself as the research and development hub of South Korea.
  • Daegu City is the center of industrial activities in Korea, with excellent medical and biotechnology business infrastructure and human resources.
  • Daegu City’s biocluster recently won a $5 billion competition to build a high-tech medical complex branded Medi-City Daegu.  In addition, the Daegu Free Economic Zone has embarked on a project to create the Suseong Medical District to develop  specialized districts to provide global business opportunities through deregulation and incentives.

To learn more about business opportunities in Daegu City, please CLICK HERE to view Daegu City’s website.