2023-06-29 06:35:11
Blue M Tech announced on the 29th that it was finally selected as 15 companies for the ‘preliminary unicorn special guarantee’ operated by the Ministry of SMEs and Startups in 2023.
Blue M Tech has been selected as a baby unicorn in 2021, and it is the first time that a pharmaceutical distributor has been selected as a preliminary unicorn that evaluates technological innovation. Companies selected as preliminary unicorns will receive benefits such as technology guarantee fund guarantees of up to KRW 20 billion and advisory services for technology special listing.
About 120 companies applied for this recruitment, showing a high competition rate of 8:1.
Unlike baby unicorns, which evaluate the innovativeness of a business model, preliminary unicorns must satisfy ▲attracting more than 5 billion won in investment from venture investment institutions ▲annual average sales growth rate of 20% or higher over the past 3 years ▲technology business evaluation grade of Korea Technology Finance Corporation The eligibility criteria for application are very strict.
However, it is understood that many technology companies support it because of the value of being selected by the Ministry of SMEs and Startups and the Korea Technology Finance Corporation.
Blue M Tech operates ‘Blue Farm Korea’, an online trading service for prescription medicines for hospitals and clinics, attracting a cumulative investment of 22 billion won and continuing to grow by more than 50% every year, recording sales of 77.1 billion won last year.
It provides services that provide various benefits to its customers, medical institution founders, and has secured more than 27,000 hospitals and clinics as members by establishing a logistics system optimized for pharmaceuticals. On June 9, Blue M Tech submitted a request for preliminary examination to the Korea Exchange for listing on the KOSDAQ.
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