241001 BICHEDAM Chosen for DEEPS & POSCO RE Deep-Tech TIPS Initiatives

BICHEDAM Develops Herbal-Based New Drug; POSCO RE Produces Motor Cores for EVs

In 2024, the bio startup BICHEDAM Co., Ltd. and POSCO RE Co., Ltd., recognized as G-Star Dreamers companies, were selected for the TIPS and Deep-Tech TIPS programs, respectively, the technology-based startup support initiatives run by the Ministry of SMEs and Startups.

This selection reflects the national recognition of innovative research and technological capabilities possessed by startup companies with outstanding ideas in the Gyeongbuk region, raising expectations for accelerated research and future commercialization potential.

BICHEDAM, led by CEO Ho-bin Moon, a licensed Korean medicine doctor, is a biopharmaceutical company developing herbal-based new drugs, with a focus on innovative therapies for the treatment of age-related diseases.

BICHEDAM is developing a range of herbal-based therapies for chronic diseases, including age-related hypertension, dementia, and metabolic disorders, by combining the strengths of Eastern and Western medicine and leveraging the ROCK (Rho-associated protein kinase) inhibitor mechanism.

CK (Rho-associated protein kinase) inhibitor mechanism.

A representative research achievement is ‘BCD101,’ a candidate compound for the treatment of age-related hypertension..

BCD101 is a Korean medicine therapy based on the traditional prescription ‘Saengmaeksan Gagam-bang,’ composed of six natural ingredients including Schisandra and Platycodon. It targets age-related hypertension with low diastolic blood pressure as well as isolated systolic hypertension (ISH).

**Prior to being selected for the TIPS program, BICHEDAM secured seed-round investments from Y&ARCHER, the Daegu–Gyeongbuk Regional University Technology Holdings Company, and the Gyeongbuk Center for Creative Economy and Innovation.

CEO Ho-bin Moon stated, “We aim to use the investment and TIPS selection as an opportunity to lay the foundation for developing innovative pharmaceuticals and expanding globally.”**
POSCO RE is a company that produces magnetic powders and powdered motor core materials used in eco-friendly vehicles and automotive electronics, utilizing steel by-products.

In July, POSCO RE was selected for the Deep-Tech TIPS program through investment and recommendation from the Korea Investment Accelerator.

POSCO RE’s magnetic powders are used as raw materials for motor cores not only in electric vehicles but also in home appliances, generators, and electric motors.

With the increasing demand for motors and the trend toward smaller home appliances, the demand for magnetic powders suitable for small and high-speed motors, which are difficult to manufacture using conventional electrical steel sheets, is also expected to grow rapidly.

POSCO RE aims to innovate this process into an eco-friendly, high-efficiency, and low-cost operation.

CEO Hyung-jin Kim stated, “Through excellent R&D personnel and collaboration with various related institutions, we aim to establish an eco-friendly magnetic powder manufacturing process and grow as a driving force for new growth industries through the creation of an ESG ecosystem.”

Source : https://www.kyongbuk.co.kr/news/articleView.html?idxno=4020829