The Biggest Risk Is Not Taking Any Risk | HIS Challenge, BORYUNG
This episode features HIS Challenge by BORYUNG – the pioneering space healthcare initiative connecting innovators with NASA and 40+ global partners. Since la...
Watch on YouTube →Transcript
Intro
- 00:01Space is here. This is not science fiction. It's no longer rocket science. Space is is an
- 00:07opportunity for a lot of biotechs, opportunity for pharmaceutical companies. In the past,
- 00:12it takes about $50,000 per 1 kilogram experimentation. But with the SpaceX, Falcon 9,
- 00:18if they launch Starship, which is the latest vehicle, it's going to be dropped down about $500.
- 00:242030 will be the next milestone. people live more than six months a year in space because commercial
- 00:31space station will replace international space station. So it gives a lot of potential and room
- 00:37for many people to utilize this assets. I think people need to start to think about the space
- 00:42station as a laboratory for doing research. As long as you have a path, it might not be a FedEx
- 00:47truck or a plane. This is a rocket that you're sending to the space station. And it was so cool
- 00:53that your product is on that rocket. This is no longer a science fiction. This is an opportunity
- 01:00to really leverage a unique platform for drug development and drug manufacturing. [Music]
Building the Bridge to Space
- 01:22My name is Jack Lim, executive director at Borang. Borang is a pharmaceutical company. The way we are
- 01:28doing is kind of age of a discovery from like 15th 17th centuries that the European people explore to
- 01:35different American continents. I think it's the same type of things. We are currently confined in
- 01:41blue marble earth. But we all have our mission to explore space. That's why we providing our
- 01:47service as a pharmaceutical but also looking at space as new growth opportunity as a business wise
- 01:53but also provide the right solution for humans exploration in space as well. NASA commissioner
- 02:01Bill Nelson said rockets runs on fuel. NASA runs on inspiration. That inspiration will lead
- 02:08more and more people to space. That's why we are here. We need to be ready to send people to space
- 02:15safely. That's what all carrying space is all about. Humans in space challenge is about the uh
- 02:23open innovation global challenge program. We are actually trying to discover the novel technology
- 02:29who actually providing the business service as a startup company and also the researchers who's
- 02:35willing to send their experimentation in space in terms of biomedical space healthcare. So we
- 02:41see the space as a new opportunity but we didn't know where to start in the beginning. We started
- 02:47contacting with all the expertise all over the world. Luckily I got in touch with one of our
- 02:52alumni who is actually the ex astronaut in NASA and also professor in Georgia Tech and I asked
- 02:59a lot of questions and we did a lot of the zoom meetings back then and then she kind of help us
- 03:05to frame what type of problem we should solve. We kind of divide into two scopes. The one sector we
- 03:11call critical problem in space which is we're trying to solve the healthc care issues for our
- 03:17future astronaut in space. The human explorer in space there's going to be many health issues
- 03:22that we occur from human body and we're trying to solve that problem first and second one we trying
- 03:28to we call the critical problem on earth which is using space microgravity condition to solve many
- 03:35different kinds of health issues on earth such as cancer or aging related issues. So mainly we have
- 03:40a two scope to solve the problems through our humans in space challenge and then luckily got
- 03:46in touch with NASA HRP the human research program they actually study very similar type of problem
- 03:52they were trying to solve when you think about NASA we automatically think that they're going
- 03:56to have all different type of solutions right we saw their current work in terms of the human
- 04:02exploration and how human body risk in terms of low earth orbit or lunar and Mars are different
- 04:09kind condition when you send people to Mars it takes at least like six months and so during the
- 04:15time period of course there are many things you should be considered in that case NASA didn't
- 04:20even know how to solve that problem so even NASA doesn't know the problem then there might
- 04:25be something that as a commercial company can contribute the value with all different kinds of
- 04:30the people all over the world but as a commercial company we can we are more flexible working on
- 04:34this type of initiative so we luckily got in touch with them and then they became one of our judges
- 04:39in 2022 and then the partnership kind of escalated. We uh get in touch with the Stanford,
- 04:45MIT, Harvard Medical School. Everything just starts kind of hard in the beginning. The main
- 04:50reason that how we started and how we actually be able to connect with all these you know very
- 04:56prestigious partners is because nobody started this type of initiative before. [Music] We can
Pioneers Join Our Mission
- 05:06actually use not only just research test bed in space but there's actually company who's trying
- 05:12to use as manufacturing platform. One of my favorite company called the lambda vision.
- 05:17They actually developing new artificial retina in space. Lambda vision participated in the human in
- 05:24space challenge in 2023. We had to come up with a pitch competition and we pitched in front of a
- 05:29a large audience. You know people came by and and talked to us at our our individual booths.
- 05:33We were a winner that year that supported us to do some additional research in microgravity. We
- 05:39were really excited about the results that we got from space because what we're showing is that we
- 05:43can actually get a more even stable product. What we did is we took a those open beaker experiments.
- 05:50You cannot fly open solutions on the International Space Station. Flew that in a box. So the box that
- 05:56we're flying is about the size of a shoe box. I didn't think it was possible. It's just wasn't
- 06:01first thing on my my brain. There's actually some of the case that some of the startups they haven't
- 06:06thought about applying their current prototype model to kind of apply to space. They never
- 06:11thought about that. But space will be you know kind of next opportunity for them to develop kind
- 06:17of long-term phase. Our main road is we connect the right teams to right partners so that they
- 06:23can send their R&D and research to right platform. When it comes to fund we have a different model
- 06:29like one equity state. We actually invest their equity in the company but at the same time we
- 06:34also investment model called orbital launch funding which we cover their space launch cost
- 06:39for their specific experimentation. The people who apply those program we have a right procedure
- 06:44for our judge process. So each individual judge they actually review each individual applicants
- 06:50and then mostly equity state companies obviously we see them as a investment opportunity. So our
- 06:57venture capital partners also looking at taking a look at that company as a potential for the
- 07:01investment. I mean running our business initiative is a very smart way because we only invest like
- 07:06$100,000 for startup equity but at the same time we connect with your most space agency like NASA
- 07:13European space agency issa we supported them through the funding and two we have our internal
- 07:20own accelerator program it's called humans and space accelerator program we are not space company
- 07:25we're not fully expertise of space healthcare but we know how to create actual the platform that we
- 07:31can connect right people with our right partners not only just the research level but also the
- 07:36uh the platform and utilizing space environment for those people as well. This is a really good
- 07:42time to get involved and and we're also building something from the ground up doing a blueprint of
- 07:48of the future in 10 20 years. You're you're being pioneering not just what you need today but what
- 07:53are you going to need in 5 years? What are you going to need in 10 years? Where do you think
- 07:56the industry is going to go? When you're doing new things it can be very challenging. It doesn't
- 08:01always feel like you're doing the right things, but if you're stagnant, you're not going to grow.
Now It's Your Turn
- 08:09One of the thing that I realized running the program was how individual researchers and
- 08:15startup actually work on different kinds of problems when it comes to space exploration
- 08:21also trying to solve the problem on earth. We saw how they are scattered, how they are
- 08:27not be able to connect each others because each individual technology and research has a lot of
- 08:32values and potential but they just don't know how to connect with right partners. I think
- 08:37we have a pretty good network in terms of all the prestigious university level and also space agency
- 08:42level historically conduct numerous space related research before. So we can make sure that connect
- 08:48the right people who is a very kind of similar research experiments with our expertise. One of
- 08:54the great things though about being part of these challenges are the people that you meet. The only
- 08:59way we're going to be successful is if we all work together. In order to do something very very bold,
- 09:04very very visionary. You need to have a lot of thought leaders in a room working together to
- 09:10accomplish that. So many of the people that I met during that experience uh we still are sharing
- 09:16ideas every place that I've gone the energy from the other entrepreneurs uh the excitement in the
- 09:22space that also helps to keep you going. When people talk about space, it's um very complicated.
- 09:29It's very difficult concept to understand. But the International Space Station, it's actually built
- 09:341998. It's about 20 years from now. The way we're trying to have the space healthcare ecosystem,
- 09:41not only just running the humans in space challenge, but actually we trying to secure
- 09:45the right infrastructure to provide the experiment service platform. It's not like a new concept. I
- 09:52think it has been established from ever since International Space Station built, but there's
- 09:58no one actually trying to play the way we're doing it. So that's I think a pretty big value.
- 10:06Don't be afraid to take the risk. Be bold, be visionary. This is a very uh you know pivotal
- 10:12time for for space research. But I would also tell them that opportunities in space are not just
- 10:19for scientists and engineers. Right now there are opportunities in space for people developing space
- 10:25suits for people sewing in space for insurance in space hotel and hospitality anthropology in
- 10:31space. Where you start might not be where you you end. I think the most of startup they change their
- 10:37business model very frequently but I think um space will be you know kind of next opportunity
- 10:43for them to develop kind of long-term phase. I want those startup out there to look at space
- 10:50as a new opportunity or testify or apply your current business model or your current technology
- 10:56in space. Everything that we're doing it's pretty much like a first step. Space healthcare is a very
- 11:02rare topic but at the same time we are leveraging healthcare society to break into space economy
- 11:10space industry is obviously intersect between two industry in one program together. I don't think
- 11:28[Music]