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Establishing a foothold for advanced medical technology in China
28th of August, 2018 — Buzzpole Co., Ltd., an artificial intelligence medical ICT technology company,signed for the vitalization of the bio-healthcare startup ecosystem and entry into
the Chinese business with the Incheon Center for Creative Economy & Innovation and Hallym University Chuncheon Sacred Heart Hospital (Director Jae-joon Lee)
Buzzpole has already attracted $3 million in seed investment from Zhongzhu Group, a Chinese investment group in Hunan Province, China, and has begun to enter the Chinese market with its artificial intelligence-based cervical cancer system, 'Cerviclinic A.I.' Currently, the CFDA approval process is proceeding smoothly, and commercialization is expected in the
first half of 2019.
In addition, with Hallym University Chuncheon Sacred Heart Hospital, research on artificial intelligence stroke diagnosis and dementia prevention solutions in accordance with China's elderly care business policy, such as stroke and dementia, is underway.
The importance of the Chinese government's old-age business policy according to aging was emphasized at the 19th People's Congress.
At the government level, it was decided to emphasize a prevention-oriented medical system, promote China's healthy and civilized lifestyle, and prevent serious diseases. In particular, it have been emphasized that actively promote the combination of medical care and elderly care business in line with the social environment for the policy system on aging, old age,
filial duty, and seniority, and accelerate the development of old-age business and related industries.
In addition, in order to perfect the emergency care management system, the Ministry of Health of the People's Republic of China, 'Notice on the Implementation of Emergency
Construction and Management Guidelines', 'The 13th Five-Year Plan for Emergency Medical Relief (2016-2020) – Relief Activities and Emergency The importance of early diagnosis
of emergency stroke has emerged with the 'mind and plan for medicine'.
This tripartite agreement with the Incheon Creative Economy Innovation Center for full-fledged entry into China is a stepping stone for Korea's excellent medical technology to enter
the Chinese market based on the Incheon Creative Economy Innovation Center's know-how and public confidence in entering the Chinese business. It started with the initiative of
Professor Jin-pyeong Jeon of the Department of Neurosurgery at Chuncheon Sacred Heart Hospital, who is conducting continuous research in the field of stroke. Based on the full
support and cooperation of the current hospital director and Buzzpole's cervical cancer AI learning know-how, meaningful research results have already been derived in terms of
stroke disease.
Sung-won Choi, general manager of the joint venture in Hunan Province, who is in charge of Buzzpole's business in China, said
“Emergency medicine, such as cerebral hemorrhage or cerebral infarction in China, is an important field for preventive medicine in China. Also, in light of the aging Chinese industry,
diagnosing dementia early and providing appropriate treatment will be a very meaningful business in the current Chinese market. Buzzpole, together with Incheon Creative Economy
Innovation Center and Hallym University Chuncheon Sacred Heart Hospital, will quickly enter the Chinese market through service advances through collaboration with Korea’s
excellent medical technology with Buzzpole’s know-how and AI development technology.”
Added, “In China, AI-based medical services have already been entered by leading companies from countries around the world, with over a thousand companies competing, and
excellent companies from European countries have already entered the field of lung cancer and breast cancer. With this trend, Buzzpole is already promoting the establishment of a
gynecological cancer center with a Swedish breast cancer artificial intelligence company. We will take the lead in global competitiveness with a model that is optimized and
differentiated for the local market by creating services that are in line with China’s national policy through orientation-oriented differentiation.”
He also said that through this trilateral entry into China, the Incheon Center for Creative Economy and Innovation, we plans to provide full support through the Chinese program that
has been going on so far, and that Korea's excellent medical artificial intelligence-based start-up companies will establish a bridgehead and achieve success in entering China
through the Incheon Center for Creative Economy and Innovation.
Buzzpole Overview
Since its establishment in June 2014, Buzzpole has been recognized for its technological prowess, such as being selected as a childcare company by the Incheon Center for Creative Economy and Innovation and selected for various government projects. is entering the world market.
28th. Aug. 2018. 11:00 / NewsWire
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