https://www.etnews.com/20231014000012
The Incheon Creative Economy Innovation Center (Director Lee Han-seop) announced on the 14th that investment company J&J Tech (CEO Cho Sung-hoon) was finally selected for the TIPS program.
Tips is a technology start-up support program promoted by the government and the private sector in cooperation with the aim of discovering and fostering start-ups with technological skills. If the private sector makes initial investments in companies, the Ministry of SMEs and Startups will support R&D funds.
J&J Tech, which was selected for the program, will be able to receive up to 500 million won from the Ministry of SMEs and Startups for research and development and marketing over the next two years. This was done with the investment of the Incheon Intellectual Property No. 2 Fund, which was created with the support of the Incheon Metropolitan Government, and the recommendation of the Incheon Changgyeong Center, the operator of the tips.
J&J Tech has developed a "Pharmaceutical Manager App" that uses artificial intelligence (AI) object recognition technology to address difficulties in managing pharmaceutical inventory. The app, which provides pharmaceutical coefficients and returns and inventory management services, has attracted more than 10,000 customers in just three months since its launch. J&J Tech's selection of these tips is a result of recognizing the capabilities of the drug's total management solution technology.
"At a time when the pharmaceutical market continues to expand due to aging, the center judged that J&J Tech has the potential to grow into a global start-up company," said Lee Han-seop, head of the center. "We are confident that the selection of the tip program will also help expand the pharmaceutical management solution business."