SparkBioLabs (CEO Hong-Joo Lee), a subsidiary of SparkLabs Group, announced that it has signed a memorandum of understanding (MOU) with Aegis Asset Management (CEO Young-Gu Kang and Gyu-Seong Lee) to build and operate a dedicated space infrastructure for life science companies.
This agreement was pursued to establish a foundation for sustainable growth in the domestic life science industry by combining Spark Bio Lab's bio startup incubation and space operation capabilities with Aegis Asset Management's real estate development and operation expertise.
According to the agreement, the two companies plan to jointly discover and build specialized facilities for the life science industry, including ▲research and laboratories equipped with cutting-edge equipment ▲clean rooms dedicated to clinical and testing ▲ultra-low temperature logistics facilities for storing reagents and samples, and provide these to bio startups at a reasonable cost.
SparkBioLabs, a specialized accelerator established by the SparkLabs Group, is expanding its business by securing research and startup infrastructure in key domestic locations to foster and support promising bio startups.
“The growth of the bio industry requires not only research and investment, but also advanced spatial infrastructure,” said Lee Hong-joo, CEO of SparkBioLabs. “Through our collaboration with Aegis Asset Management, we will support domestic bio startups to grow in a world-class research environment.”
Yoon Kwan-sik, managing director of Aegis Asset Management's strategic investment group, said, "Spark Bio Lab is a specialized organization that has been collaborating with the domestic and international bio ecosystems, and this agreement will create a new point of contact between real estate and the bio industry," adding, "We will create long-term synergy in the life sciences field."
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