government R&D funding

[2026-04-02]Korea Launches 4UP Strategy to Boost Pharma-Bio Ventures and Global Competitiveness

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The Korean government has announced a comprehensive policy to support pharmaceutical and bio ventures through the 4UP strategy.
This initiative aims to address funding gaps, accelerate new drug development, and enhance global market competitiveness.
The policy was unveiled on March 24, 2024, and is now being implemented through joint ministerial collaboration.

[2026-03-25]South Korea Launches Full-Cycle Support for Pharma-Bio Venture Scale-Up

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South Korea has introduced a full-cycle support system for pharmaceutical and bio ventures.
The policy aims to nurture companies capable of developing blockbuster drugs and boost global competitiveness.
Announced on March 24, 2026, the strategy is now being implemented by key ministries.