OceansBio, an Electroceuticals Development Company, Wins 1st Place at ‘Youth Startup Accelerator Demo Day’

Hyunung lee

Biomedical startup OceansBio announced today that it secured first place at the 'Youth Startup Accelerating Demo Day,' organized by the ‘Gyeongnam Creative Economy Innovation Center’ and hosted by Gyeongsangnam-do on December 12, 2023.

OceansBio is a startup that develops electroceuticals for the treatment of epilepsy, depression, and stress, with a specialization in wearable devices for addressing depression and stress.

It will make concerted efforts in technology research to live up to the recognition gained from the award, becoming a proactive company in the field of medicine  by attracting additional investment.

At the event, OceansBio demonstrated its distinctive business model, blending high technology and creativity. “I believe Demo Day’s award enables us to prove our enormous potential as a representative of the Gyeongsangnam-do region,” said Lee Hyun-woong, CEO of OceansBio. “We are committed to contributing to society by offering innovative solutions for mental health diseases, recognizing once again that medical technology will play a pivotal role in the future startup ecosystem.”

"This achievement could not have been accomplished by our company alone," said Mr. Lee. "Thanks to the tremendous support from various organizations, this success became possible. I would like to express my gratitude to RF Engineering LAB, Institute of Information & Communications Technology Planning & Evaluation, Gyeongnam Technopark, Changwon Industry Promotion Agency, Korea SMEs Agency Global Business Center, Global Youth Entrepreneurship Academy, Inje University, Gyeongsang National University Open Laboratory, and Gimhae Biomedical & Industry Promotion Agency," he added.