The Ministry of SMEs and Startups (MSS) held a groundbreaking ceremony on Wednesday, September 30, for the K-Bio Lab Hub, a comprehensive support facility for bio startups, at the Yonsei University International Campus in Songdo, Incheon, where the complex will be built. The K-Bio Lab Hub is a national infrastructure designed to provide an integrated assistance for the growth of bio startups. It is modeled after LabCentral, a leading organization supporting biotech startups in Boston, Massachusetts. Lee So-young, Minister of SMEs and Startups, said, “The K-Bio Lab Hub will serve as a key incubator for Korean bio startups to grow into global unicorn companies.” She added, “With today's groundbreaking ceremony, we will bring together the expertise of our strategic partners to create a world-class destination for bio startups.”