Farquhar VC’s Jason Su and S&S Lab’s Kim Minsoo
S&S Lab, a shared research lab and the operator of IRIS Lab in South Korea, has announced a strategic partnership with Singapore’s Farquhar VC (FVC) to foster and deepen relations among Korean and global novel food and biotech startups.
Under this partnership, S&S Lab and Farquhar will collaborate on exchanging innovation ecosystem insights and mutually supporting each other’s biopharma/foodtech portfolio companies.
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In particular, Farquhar will recommend S&S Lab as the preferred destination for global biotech startups to establish their R&D operations in North Asia. At the same time, S&S Lab will refer South Korean biotech and complementary-protein startups to the Singaporean VC firm for their growth and expansion needs.
S&S Lab and FVC will work together on future joint initiatives to enable Korean biotech startups to scale globally.
FVC Managing Partner and Chief Investment Officer Jason Su commented: “In recent years, we have witnessed many high-quality global biopharma and foodtech ventures head to South Korea in search of new commercial opportunities, while South Korean biotech and novel food scaleups are seeking to expand globally via Singapore. We hope that this collaboration will enable these deeptech companies to accelerate their go-to-market timelines and bring forth their impact to society.”
S&S Lab is a subsidiary of S&S Tech Corp, a semiconductor company listed on the Korea Exchange. As a biotech-focused accelerator, S&S Lab offers physical infrastructure (shared laboratory equipment and facilities) and other services (such as POC verification, R&D tech support, and investment attraction) to grow bio-based ventures.
Also Read: Farquhar VC to help Korean university-affiliated startups to go global
To date, IRIS Lab has onboarded 11 startups, and the company is on track to establish more domestic facilities later this year.
Established in 2020, Farquhar has invested in nearly 40 startups. It has recently undertaken accelerator programmes with government departments such as KISED and the Seoul Business Agency to enable cross-border traction for Korean startups.
In 2024, FVC will invest in high-growth Korean startups via its Green Future Fund.
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