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DGMIF Provides Subsidies to Entities That Will Move into Medivalley

The Daegu Gyeongbuk Medical Innovation Foundation (DGMIF) will provide subsidies to support the research and development (R&D) activities of the institutes and companies that will move into Medivalley. The subsidies will be given to entities in two fields: the joint R&D of high-tech medical equipment; and joint R&D to optimize existing medicine substitution substances.

Institutes or companies wishing to apply are required to submit applications at the DGMIF website ( DGMIF will select two entities in each area and provide KRW 200 ~ 300 million annually to support their R&D activities.

“We will do our best to develop firms and institutes that will move into Medivalley into leading entities in their fields,” said a DGMIF official.

Source Text

Source: Yonhap News (Apr. 10, 2013)

** This article was translated from the Korean.