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Korean medical equipment company seeks USD 100 million equity financing or JV partners
|Project region||South Korea|
|Total value of the target||N/A|
|Expected target net rate of return after deducting all taxes and fees||N/A|
|Validity period of pending order||365|
|Project highlights||anti-fall wheelchairs - international and local awards - FDA certified|
The Korean medical equipment company mainly focuses on researching and manufacturing anti-fall wheelchairs, which can prevent wheelchair fall accidents. Meanwhile, the company has also launched information and communications technology products, wheelchair safety accessories and products suitable for new materials. Its wheelchair braking system has been recognized by Korea Invention Promotion Association and selected as a priority purchase item for excellent inventions. The company has won many awards including the Seoul International Invention Fair Grand Prize Award. As of 2020, more than 60 patents of the company have already been applied or are under application stage. In 2020, the company passed the Food and Drug Administration certification and has cooperated with companies such as Rehasense and Vermeiren International. Now the company seeks USD 100 million equity financing or to set up a joint venture.
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