The Korea SMEs and Startups Agency (KOSME) in collaboration with MATTER, the Chicago-based global healthcare incubator, are proud to present the fourth annual U.S. Market Expansion program aimed at preparing a cohort of Korean healthcare companies for U.S. market success.

Benefits of participation:

In the ensuing four-month program, MATTER will support four small-medium enterprises (SMEs) and startups focused on successful business landing in the U.S. MATTER will tailor the program based on the Korean companies’ individual needs and roadmaps.

Program participants will:

  • Receive access to programming, resources and mentorship from the MATTER team, executives in residence and mentor clinic to advance their product, sales and fundraising in the U.S. healthcare ecosystem
  • Receive a one-year membership to MATTER
  • Engage with other cutting-edge SMEs and startups
  • Gain exposure to the MATTER community
  • Pitch to potential partners, investors and industry influencers at a showcase event

Select SMEs and startups will also participate in a four- to six-week validation study with health system partners (subject to MATTER and validation study partner approval). SMEs, validation study partners and MATTER will jointly design the problem statement for the validation study which may focus on, but is not limited to, technical, cost or usability.

Who can apply?

The program is open to Korean bio and digital healthcare SMEs and startups interested in growing a new venture in the U.S. Click here to complete an application by May 27, 2024.

Any questions regarding the application can be directed to molliepark@kbdcchicago.org.


May 6: Applications open
May 27: Applications close
June 18: Semi-finalists notified
June 24-25: Virtual meetings with semi-finalists
July 2: Finalists notified
July 11-November 8: U.S. Market Expansion Program for Korean SMEs and Startups with Select Validation Studies

Dates are subject to change.

Ready to submit?

Deadline to submit is May 27, 2024
Submit now


Since our inception in 1979, mandated by the visionary “Small & Medium Enterprises Promotion Act 1978” by the South Korean Congress, we’ve stood as a steadfast beacon of support for Korean Small and Medium-sized Enterprises (SMEs) and Startups. With an annual budget of $8.1 billion, bolstered by our expansive network of 26 global offices, we proudly serve as the catalyst for over 22,000 Korean companies each year. Through our unwavering dedication, we provide not just support, but comprehensive solutions, empowering these enterprises to navigate and conquer the ever-evolving business landscape of today. For more information, visit KOSME.


MATTER, the premier healthcare incubator and innovation hub, includes more than 1,000 current and alumni startups from around the world, working together with dozens of hospitals and health systems, universities and industry-leading companies to build the future of healthcare. Together, the MATTER community is accelerating innovation, advancing care and improving lives. For more information, visit matter.health and follow @MATTERhealth.