Cortical gets chance to shine in front of Korean investors
BPH Energy (ASX:BPH) investee company Cortical will be granted an opportunity to present its brain scanning technology to potential South Korean investors as part of a trade delegation.
It told the market today that Cortical has been invited by the Australian Trade and Investment Commission to present at the Austrade Medtech Innovation Showcase to be held in Korea.
In attendance will be senior executives from some of Korea’s leading pharmaceutical and medical device companies – attending at a time when the Korean Ministry of Science, ICT, and Future Planning has identified brain research as one of the five main fields to receive funding.
The Korean government has also recently launched the “Creative Economy” industry policy, which is aims to revitalise the Korean manufacturing sector through investment in advanced manufacturing capability in the materials, biotechnology, and healthcare sector.
The partnership between the Australian and Korean biotechnology sectors is also expected to grow on the back of the Free Trade Agreement signed between the two nations at the end of 2014.
News of Cortical’s involvement in the trade delegation comes shortly after it was selected as a semi-finalist in the Australian Technologies Competition (ATC).
The awards are an opportunity for small to medium technology companies to showcase their wares to judges from companies such as Deloitte, Bird&Bird, and FB Rice.
The competition has generated $250 million in investment over the past five years, and over 120 companies have benefitted from the competitions ongoing mentoring program.
There is no indication as yet if BPH will be a beneficiary, so don’t base your investment decision on their selection alone and approach any investment decision with caution.
Selection in the semi-finals of the competition is somewhat of a boon for Cortical, as the competition this year is not only focusing on technology but the ability for a company to globally scale their business.
In both cases, Cortical will be showcasing its brain function monitor (BAR) technology, which purportedly improves on the currently used EEG technologies by incorporating the latest advances in understanding of how the brains rhythmic electrical activity is produced.
The BARs underlying algorithm produces EEG indexes which are directly related to the physiological state of the patient’s brain.
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