Jeonbuk National University spin-off to accelerate drug development through AI transformation

Hops BioSciences, a startup spun off from Jeonbuk National University, has been selected for the Daonda Program, a global corporate collaboration initiative jointly operated by the Ministry of SMEs and Startups, the Korea Institute of Startup and Entrepreneurship Development, and Dassault Systèmes. The company will pursue an AI transformation strategy to integrate AI throughout the drug development process, aiming to dramatically reduce development time and costs, according to CEO Lee Jeong-hwan.

Hops BioSciences, a startup spun off from Jeonbuk National University, has been selected for the Daonda Program, a global corporate collaboration initiative. The university said that through the program, the company will pursue an artificial intelligence AI transformation strategy aimed at integrating AI throughout the drug development process. The program is jointly operated by the Ministry of SMEs and Startups, the Korea Institute of Startup and Entrepreneurship Development and Dassault Systèmes, a global French software company. The initiative supports promising Korean startups in enhancing their technological competitiveness by leveraging Dassault Systèmes’ technologies, expertise and global network. “With this selection, we aim to transform into an AX AI transformation company by integrating AI technologies throughout the drug development process and dramatically reducing development time and costs,” said Lee Jeong-hwan, CEO of Hops BioSciences and a professor in the university’s Department of Biological Sciences. He added, “We plan to accelerate our growth by expandi