MATTER and KOSME launch innovation program
Five Korean companies to begin six-month program aimed at U.S. market deployment
May 25, Chicago, IL and Seoul, KR — The Korea SMEs and Startups Agency (KOSME) and MATTER, the Chicago-based global healthcare incubator and corporate innovation accelerator, today announced the launch of the U.S. Market Adoption Program aimed at preparing Korean companies for U.S. market success.
The global program kicks off in Seoul with a signing ceremony where a Memorandum of Understanding will formalize the collaboration. The event will bring together representatives from eight global KOSME offices and respective local partners that will support 100 Korean small-medium enterprises (SMEs) overall.
“Korea is home to some of the most cutting-edge technology enterprises. It is our mission to advance these solutions to the global stage where they can contribute to innovation advancement and drive the growth of our economy,” said Hakdo Kim, President of KOSME. “Collaborations with entities like MATTER make that market expansion possible.”
“MATTER is uniquely positioned to help healthcare companies enter and thrive in the U.S. market, and we are thrilled to partner with KOSME to support Korean ventures,” said Steven Collens, CEO of MATTER. “Collaborations across borders help improve health and healthcare globally.”
In the ensuing six-month program, five selected SMEs will be provided with MATTER programming and a cohort of mentors to advance their product, sales and fundraising in the U.S. healthcare ecosystem. Additionally, these companies will receive a year-long membership to MATTER.
The Korea SMEs and Startups Agency (KOSME) has been growing together with SMEs and Start-ups for 42 years with 27 global offices in 17 countries. KOSME is a non-profit, government-funded organization established to implement government policies and programs for the sound growth and development of Korean SMEs.
To achieve its purpose, KOSME operates financial and non-financial programs for SMEs. Through financial programs, KOSME provides financing for SMEs to expand operations, develop new products and convert their business structures. With advisory programs including consulting, training, marketing and global cooperation programs, KOSME supports SMEs to enhance their global competitiveness. KOSME provided $13 billion in financial support to SMEs, fostered the growth of 3,815 startups and the 2021 annual budget is $9.6 billion. For more information, visit KOSME.
At MATTER, we believe collaboration is the best way to improve healthcare. The MATTER collaborative includes more than 200 cutting-edge 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 we are accelerating innovation, advancing care and improving lives. For more information, visit matter.health and follow @MATTERhealth.